Trump/Putin summit, UnitedHealth and Japan’s GDP - what’s moving markets
Investing.com -- Poland signed a $3.8 billion agreement with the United States on Wednesday to modernize its fleet of 48 F-16 fighter jets, aiming to strengthen its defense capabilities against potential Russian aggression.
The upgrade will enhance the interoperability of Poland’s warplanes with NATO forces, Bloomberg reported, citing Defense Minister Wladyslaw Kosiniak-Kamysz, who announced the deal in the northwestern Polish city of Bydgoszcz.
"We are making a leap forward," Kosiniak-Kamysz said. "We will be spending more and more for decades to come."
The modernization effort is part of Poland’s broader rearmament initiative launched following Russian President Vladimir Putin’s full-scale invasion of Ukraine. This military buildup has positioned Poland as one of NATO’s top defense spenders, with military expenditures reaching nearly 5% of the country’s economic output.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.