Capability
Spain Approves €34 Billion Defense Modernization Plan Through 2037
What capability problem does Spain Approves €34 Billion Defense Modernization Plan Through 2037 address for European deterrence, readiness and strategic autonomy?
Spain Approves €34 Billion Defense Modernization Plan Through 2037: a DFM analysis of its strategic, industrial and financial relevance to European defence.
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Platform publication · DFM Analysis report · 2026-06-13
The Spanish government has approved a multi-year investment plan for national defense worth €34 billion, to be implemented by 2037. The initiative is part of the “Industrial and Technological Plan for Security and Defense” and includes 31 new Special Modernization Programs (PEMs) aimed at enhancing the operational capabilities of the Armed Forces and strengthening Spain’s national industrial base.
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Spain Approves €34 Billion Defense Modernization Plan Through 2037
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The Spanish government has approved a multi-year investment plan for national defense worth €34 billion, to be implemented by 2037.
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