Spain air report: Demand builds with $19.7 billion up for grabs in unawarded contracts
Spain has recently committed to procure more Eurofighter aircraft as part of its Halcon II programme. (Photo: Airbus)
Despite Spain’s modest GDP spend on defence, the country still has a range of fixed-wing and UAV programme requirements as yet unawarded, with a potential US$3.10 billion set to be spent over the next decade.
Spain’s defence spend, while modest for a NATO alliance member, is on the rise with several forecast procurement programmes still in the pipeline for the country.
With a total expenditure estimate of US$45.14 billion, Shephard Defence Insight forecasts that the country still has significant air domain uncontracted spend at a value of $19.7 billion in unawarded or forecast contracts.
While Spain stands apart from the rest of its NATO allies, which have each pledged to spend up to 3.5% of GDP on defence by 2027, the country is still committed to reinforcing efforts to modernise its armed forces and guarantee
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