New Zealand Unveils Historic $12 Billion Military Modernization Plan
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New Zealand's government announces unprecedented defense spending boost to over 2% of GDP by 2032, including major upgrades to aircraft, naval vessels and combat capabilities. The comprehensive $12 billion package aims to strengthen the nation's military readiness amid rising global tensions.
US Challenges EU's €150 Billion Defense Initiative Over Market Access Concerns
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The United States expresses strong opposition to potential exclusion from the European Union's massive 'ReArm Europe' defense program. The €150 billion initiative aims to strengthen European military capabilities but faces criticism over procurement rules that could limit non-EU defense companies' participation.