Norwegian Defence Budget to Rise 4 Percent in 2010




Norway’s defence budget is to rise by 4 per cent in 2010 to NOK34.9 billion (US$6.2 billion), with funding for new equipment and peacekeeping operations key priorities. The long-term plan for 2009-12 was announced in March 2008 with funding for the armed forces increasing by NOK800 million. The majority of the procurement budget, which will total NOK65.5 million, is being directed towards the air force and navy. Key purchases include military aircraft such as the Lockheed Martin F-35 Lig...
TO READ THE FULL STORY