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NATO's 5% spending target and $3 billion in summit agreements put Lockheed Martin, European defense names in focus

7/17/2026

A 5% of GDP defense spending target locked in at the 2025 NATO Summit in The Hague, plus more than $3 billion in agreements signed at the gathering, put European defense production in focus.

Lockheed Martin (LMT) is among the named beneficiaries, with the company unveiling plans to help establish a Patriot Advanced Capability-3 missile sustainment facility in Europe.

Ambassador to NATO Matthew Whitaker's monthly ally-spending dashboard, which he says he uses to track individual progress in 2026.

The numbers in the setup Whitaker, speaking to Fox News Digital, cited nearly $150 billion in additional allied defense spending over the past year as evidence the pressure campaign is producing results.