Poland signs $735 million missile contract with U.S

WARSAW (Reuters) - Poland has signed a $735 million contract with the U.S. for the supply of JASSM-ER missiles, Defence Minister Wladyslaw Kosiniak-Kamysz said on Tuesday, as the country spends heavily to bolster its armed forces since Russia's invasion of Ukraine.

Warsaw is spending around 4% of its gross domestic product on defence this year and last week announced an agreement with the U.S. for the delivery of a $960 million airspace reconnaissance system to monitor the north-eastern borders.

"Today we have signed a contract worth $735 million, another multi-million dollar contract, for the purchase of air-to-surface missiles," Kosiniak-Kamysz told a news conference on Tuesday.

The missiles have a range of around 1,000 kilometres, according to the defence ministry.

(Reporting by Pawel Florkiewicz, Alan Charlish; Editing by Sriraj Kalluvila)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tennessee execution survivor Christa Pike released from hospital, returned to prison
• Eritrea asks UN to intervene in standoff with Ethiopia
• Spanish lawyer Gonzalez Durantez launches centrist party for November election