Portugal is preparing a "credible" plan of gradual annual increases in defence spending to reach NATO's new target of 5% of ...

Portugal is planning a gradual increase in defense spending to reach NATO's 5% GDP target by 2035 while ensuring financial ...

Portugal's defence cluster moves forwards; Factory to produce 50 million rounds of small calibre ammunition per year ...

ICEYE supports Portugal’s space-based defence capabilities. ... the Portuguese Ministry of National Defense finalised a deal with Embraer to procure 12 A-29N Super Tucano aircraft for the Air Force.

LISBON (Reuters) -Portugal expects to increase its defence spending to 2% of gross domestic product this year, four years ahead of schedule, Prime Minister Luis Montenegro said on Thursday.

LISBON – The Portuguese prime minister has said that he is convinced there will be a budget surplus this year despite the “new priority” for defence, guaranteeing that he will not transfer ...

Portuguese Prime Minister Luis Montenegro reiterated his country will reach a target for investment in defense to represent 2% of gross domestic product in 2025, while sticking to fiscal discipline.

A former Portuguese defence minister will stand trial over his role in the alleged cover-up of an arms theft from a military depot, the ministry announced on Thursday. Azeredo Lopes has denied he ...

Portugal will not let rising defence spending eat up a hard-won budget surplus, its finance minister said, as it resists runaway investment to re-arm Europe following Russia’s invasion of Ukraine.

Reuters. Portugal's finance minister Joaquim Miranda Sarmento speaks during a press conference on the 2025 budget draft, in Lisbon, Portugal, October 10, 2024.