Right now, Russia is on a wartime footing with regard to defense production. They’re significantly ramping up their production of weapons, munitions, and vehicles, and they’re doing it with the help of China, North Korea, and Iran. We cannot, in my view, we cannot allow the alliance to fall behind. The fact is that so many of my, my, let me put it this way. I’m very pleased that today all NATO members are making the pledge to expand our industrial base and our industrial capacity, like our defense spending commitment. This is a critical step to maintaining our security. The first time ever, every NATO nation is pledging to develop plans for defense production at home. That means, as an alliance, we’ll become more innovative and competitive, and we’re able to produce more critical defense equipment more quickly than, and we should, we may need it. You know, we will not be surpassed, we cannot be surpassed by anyone when it comes to our readiness. Here at home, Americans have seen the power of investments like these. In my administration, we’ve already invested $30 billion in defense manufacturing to restart or expand production across 35 of our states. We’re investing billions more. The result, stronger supply chains, a stronger economy, stronger military, and a stronger nation. Let me close with this. This new pledge sends an unmistakable message to the world that every NATO member is committed to doing their part to keep the alliance strong. We can and will defend every inch of NATO territory, and we’ll do it together.
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