Danish navy ocean patrol vessel F357 Thetis. Image via Wikimedia.
COPENHAGEN (Reuters) – Denmark expects to invest 40 billion Danish crowns ($5.47 billion) in new warships as the NATO member seeks to bolster its maritime security in the wake of Russia’s invasion of Ukraine, the defense ministry said on Thursday.
As part of the investments due over the next 20 to 25 years, a partnership with the country’s maritime industry was launched, aiming to develop and build the new warships in Denmark, Defence Minister Morten Bodskov said in a statement.
“With Russia’s attack on Ukraine and the new security situation in Europe, it is more important than ever that Denmark is able to defend itself. Security of supply plays a decisive role here,” Bodskov said.
Read Also: Russian Warship Violated Danish Territorial Waters In Baltic Sea
The NATO country has pledged to gradually increase defense spending to 2% of GDP by 2033. ($1 = 7.3158 Danish crowns)
(Reporting by Jacob Gronholt-Pedersen and Stine Jacobsen, editing by Terje Solsvik and Alex Richardson)
(c) Copyright Thomson Reuters 2022.
Join the 88,651 members that receive our newsletter.
Have a news tip? Let us know.
By Tony Capaccio (Bloomberg) US Navy warships have seen fewer days at sea since 2011 because vessels are breaking down more frequently than expected and taking longer to repair, even as...
By Captain Stephen M. Carmel (CIMSEC) The Department of Defense is projected to need on the order of one hundred tankers of various sizes in the event of a serious...
By Tony Capaccio (Bloomberg) Officials overseeing development of the US Navy’s next-generation submarine to carry nuclear missiles don’t have the information they need to know whether the first vessel in the...
