Article Sourced From:
IHS Jane's Defence Weekly Dec 15, 2016
Brussels — Eight European nations led by Denmark agreed on a legal framework through which the NATO members hope to jointly buy precision-guided munitions (PGMs) from the United States.
Besides Belgium, Czech Republic, Denmark, Greece, Netherlands, Norway, Portugal, and Spain also signed the memorandum of understanding with the NATO Support and Procurement Agency (NSPA) on 15 December.
This is the first attempt at a collective purchase of defence equipment governed by the US Foreign Military Sales (FMS) programme. The agreement authorises the NSPA to carry out on their behalf serial purchases of PGM kits worth hundreds of millions of dollars through the FMS system.
Reprinted with permission of the copyright holder, IHS Jane's Defence Weekly All Rights Reserved.