
NATO members this week are set to agree on a new target goal to spend five percent of their gross domestic product on defense, the alliance’s leader confirmed Monday, along with plans for a “fivefold” increase in air defense investments. The new five percent defense spending goal, a boost from the current two percent mark set in 2014, is split between investing 3.5 percent of GDP on “core defense” priorities such as weapons and 1.5 percent on “defense-related” items, to…