Spain has decided to drop its plans to purchase F-35 fighter jets from U.S. defence contractor Lockheed Martin, according to a report by El Pais on Wednesday, citing unnamed government sources.
The Spanish government had allocated €6.25 billion ($7.24 billion) in its 2023 budget for new fighter aircraft. However, El Pais reported that the decision to direct the majority of this year’s extra €10.5 billion defence spending towards European initiatives ruled out the acquisition of the American-made jets.
Prime Minister Pedro Sanchez had earlier committed to raising defence spending to meet NATO’s 2% of GDP target but declined to increase it to 5% during a June summit- a move that drew sharp criticism from U.S. President Donald Trump, who warned of potential new tariffs on Spanish goods.
Neither Spain’s Defence Ministry nor Lockheed Martin have issued a response to the report.
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According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
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Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
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