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Foreign arms manufacturers are considering setting up a production facility in Lithuania, says Laurynas Kasciunas, chairman of the parliamentary Committee on National Security and Defense.
Laurynas Kasčiūnas
Laurynas Kasčiūnas
© DELFI / Karolina Pansevič

On Wednesday, the committee talked about the Lithuanian army's stockpile and national production capacity.

The war in Ukraine has shown the need to seek to stock up as much as possible, Kasciunas said, adding that it would be particularly useful to attract foreign investors to Lithuania.

"The first thing is to look for investors here in Lithuania to set up arms production facilities. And there are even major global companies that are weighing in options. We are working with them and looking for ways to match interests. Imagine if an ammunition or artillery production facility is built in Lithuania. That's serious business," Kasciunas told reporters after the CNSD meeting.

He refrained from naming manufacturers from which countries are assessing the possibilities of setting up in Lithuania, but added that the process is now in its initial stage. "But I believe that our institutions will do their best to assess the opportunities sincerely and engage in serious hunting," he said.

Speaking about Lithuania's existing stockpile, Kasciunas said Lithuania's situation is "much better than a year or two ago", adding, however, that procurements are difficult throughout the Western world.

"The problem is that the arms turnover in the Western industry is not that high as everyone is standing in line and not all purchases come quickly. But we have improved the situation in some important positions," Kasciunas underlined.

Deputy Minister of National Defense Zilvinas Tomkus says at least 10 percent of the budget should be spent on building the army's stockpile.

Lithuania allocated 2.5 percent of its GDP to defense this year, and the country's parliamentary parties agreed in July to maintain the same level of defense spending in the future, while "further defense funding must be linked to the needs of the national defense system and the Lithuanian Armed Forces".

BNS
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