The Secretary General commended the troops for their service, noting that Special Operations Forces “are vital to any military operation. And therefore, so important for the whole NATO Alliance.” He also paid tribute to those who have fallen in the line of duty.
Mr Stoltenberg highlighted that Allies’ increased defense spending will not only result in boosting national capabilities, but will also facilitate more cooperation in NATO. Pointing to the increasingly global nature of security threats and challenges, the Secretary General stressed “NATO is responding because we need to do that together.”
He underlined that together, NATO Allies make up half the world’s economic and military might, adding: “NATO is a good deal for all Allies… NATO is a good deal for the United States.”
The visit to SOCOM wraps up a week of engagements in the U.S. by Mr Stoltenberg.
On Wednesday, at the Lockheed Martin facility in Troy, Alabama, the Secretary General emphasized NATO’s crucial role in creating a vast market for defense sales and production
US Defense Market AnalysisThe US Defense Market size is estimated at USD 617.29 billion in 2024, and is expected to reach USD 651.16 billion by 2032, growing at a CAGR of 0.67% during the forecast period (2024-2032).
Regional Insights
North America dominated the industry in 2022 with a revenue share of 55.7% and is expected to witness increased penetration of composites for use in aerostructure owing to the presence of a large aircraft manufacturing industry in the region. The region is expected to cater to around one-third of the global operational fleet, resulting in an increased demand for airframes and other aircraft parts over the forecast period. The aerospace & defense industry in Europe is expected to grow at a steady CAGR, in terms of volume, from 2023 to 2030 owing to a rise in defense spending by NATO countries.
The rise in terrorist threats in the region is expected to drive the market.
To learn more about this report, request a free sample copy
No comments:
Post a Comment