Two-thirds of Europe’s defence spending goes to US contractors NATO Secretary General says

Two-thirds of Europe’s defence expenses go toward paying for new orders from US companies, with the value of the business reaching $140 billion over the last two years alone, NATO Secretary General Jens Stoltenberg said.

"This year more than 20 allies spent at least 2 per cent of GDP on defecse," he said at an event Woodrow Wilson Center in Washington, referring to NATO member countries, TASS reports.

"Much of this extra money is spent here in the United States."

"For the last two years more than two-thirds of European defence acquisitions were made with US firms. That is more than $140 billion," Stoltenberg went on to say.