The US and its allies are planning to continue ramping up defense spending, which will ensure long-term demand for weapons, US Deputy Defense Secretary Kathleen Hicks told a gathering of arms manufacturers during a NATO event on Tuesday.
Speaking at the NATO Summit Defense Industry Forum, the official praised NATO members for boosting their military budgets since the initial flare-up of the Ukraine conflict in 2014, and particularly after the open hostilities between Ukraine and Russia erupted in 2022. She said:
"Over the past decade, the average annual increase in spending was 72%, adjusted for inflation. That reversed a period when defense industries across the Atlantic were affected by decades of inconsistent funding and blinkered demand signals. The current thinking is: 'Production matters. Production is deterrence'.
"Western arms manufacturers have the ability 'not just to compete, but to out-compete and prevail' over Russia and other nations that the US considers its rivals, including China, North Korea and Iran.
"That includes ensuring we are prepared for the possibility of protracted war, which every ally must be prepared for - and not just in Europe, either."













Comment: 'Defense' is big business. In order to 'need it' there must be an adversary.