Lithuania to buy Javelin anti-tank missiles from the US
The Ministry of Defense of Lithuania announced that the Lithuanian army will acquire Javelin portable anti-tank missiles and supporting equipments from US. The deal is worth 8 million dollars and is based on a previously signed agreement with the two countries
“The acquisition of Javelin portable anti-tank missiles will be made to further strengthen the capabilities of the Lithuanian army,” a press release stated.
The Lithuanian Ministry of defense further elaborated that the purchase will be made according to an agreement signed by the two countries in 2001 and revised in the fall on 2014.
The total cost of the purchase will amount to nearly 8 million US dollars. Lithuania is scheduled to receive the weapons during 2016-2017.
This year the defense budget of the Lithuanian Republic was 575 million Euros, which is approximately 1.18 percent of the country's GDP. According to the information of the Ministry of Defense the next year the country's military budget will increase to 725 million Euros (1.77 percent of GDP)