New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
Italy moves out with Tempest grand spending plan
Tempest concept art (Photo: Crown copyright)
Italy has committed to long-term spending on the multinational Tempest Future Combat Air System (FCAS).
The Italian Ministry of Defence has outlined a comprehensive spending plan for the Tempest Future Combat Air System (FCAS) which includes a €2 billion ($2.4 billion) investment over the next 15 years.
Details of the plans were published in Italy’s multiyear policy document (Documento Programmatico Pluriennale) or DPP for 2021–23 on 5 August.
The document revealed that Tempest funding would increase gradually from €20 million ($23.6 million) annually in 2021-2023 to €90 million ($106.2 million) between 2024-2026 and peak at €1.85 billion ($2.2 billion) during 2027-2035.
Although the funding will be a welcome boost for the multinational Tempest effort, the figure of
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