Poland to Purchase F-35 Jets and Patriot Missiles with $2 Billion US Loan

World | July 9, 2024, Tuesday // 11:21
Bulgaria: Poland to Purchase F-35 Jets and Patriot Missiles with $2 Billion US Loan

The United States has announced a new agreement with Poland, providing a direct loan for foreign military financing valued at two billion dollars, as reported by Reuters. This funding forms part of a comprehensive initiative aimed at enhancing Poland's armed forces through the acquisition of American defense equipment, according to a statement from the State Department.

Poland's procurement plans under this agreement include purchasing F-35 jets, Patriot missile systems, and Abrams tanks, detailed State Department spokesperson Matthew Miller.

Highlighting Poland's significant role as a staunch ally within NATO, Miller emphasized that the agreement will bolster NATO's eastern flank. He noted Poland's current defense expenditure at four percent of GDP, the highest among NATO members, and its hosting of thousands of US and allied forces, including the US V Corps headquarters in Poznan.

To facilitate Poland's defense modernization efforts, the US government is providing up to 60 million USD in foreign military financing to subsidize interest costs associated with the loan. This financial support aims to expedite the procurement of essential defense items and services from the United States.

According to the State Department, foreign military financing direct loans are specifically tailored for crucial security cooperation partners. The funds from this loan are expected to significantly enhance Poland's defense capabilities across various domains, thereby strengthening NATO's defense and deterrence posture on its eastern flank.

This new two-billion-dollar agreement follows a previous deal signed in September 2023, marking a continued commitment by the United States to support Poland's ongoing efforts to modernize its military infrastructure and capabilities.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

World » Be a reporter: Write and send your article
Tags: Poland, military, US, F-35

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria