Poland Signed The Largest $4.75Billion Arms Procurement US Deal

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Poland signed the largest arms procurement deal in its history on Wednesday, agreeing with the United States to buy Raytheon Co’s (RTN.N) Patriot missile defense system for $4.75 billion in a major step to modernize its forces against a bolder Russia.

NATO member Poland has accelerated efforts to overhaul its aging weaponry following Moscow’s annexation of Ukraine’s Crimea peninsula in 2014 and the resurgence of Russian military and political assertiveness towards its neighbors.
“It is an extraordinary, historic moment; it is Poland’s introduction into a whole new world of state-of-the-art technology, modern weaponry, and defensive means,” President Andrzej Duda said during the signing ceremony.
Two-thirds of Polish weaponry dates from the 20th century Cold War era when the country was in the Soviet-led Warsaw Pact.

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