NATO leaders announced significant arms deals worth tens of billions of dollars during a defense forum in Ankara, emphasizing the need for increased European defense spending ahead of a summit with President Donald Trump.

Secretary General Mark Rutte called for a 'revolution' in the alliance's defense capabilities, citing threats from Russia, China, North Korea, and Iran.The deals include purchases of surveillance drones from Northrop Grumman and planes from Saab, with Saab shares rising over 5% due to the contracts.A joint deal between Lockheed Martin and Rheinmetall for producing ATACMS missiles in Germany marks the first non-US manufacture of the missile.NATO allies plan to invest over $40 billion in anti-drone capabilities over five years.

Trump criticized Europe for insufficient defense contributions and urged self-reliance, while tensions with Turkey over the F-35 fighter jet program and Iran conflict added to the summit's complexities.Russia's recent missile attacks on Ukraine highlighted the region's security challenges.