FOREWORD 4

FOR THOSE WHO SERVE 5

NATO IN 2025: A STRONGER ALLIANCE 6

A STEADFAST ALLIANCE: DETERRENCE AND DEFENCE ACROSS ALL DOMAINS 8

A READY ALLIANCE: RESILIENCE AND CIVIL PREPAREDNESS 19

INVESTING FOR STRENGTH: DEFENCE SPENDING IN 2025 23

MANUFACTURING SECURITY: CAPABILITIES, PRODUCTION AND INNOVATION 27

STALWART IN THE FACE OF AGGRESSION: CONTINUING ALLIED SUPPORT TO UKRAINE 36

PREVENTING INSTABILITY: CRISIS MANAGEMENT 40

SECURITY THROUGH COOPERATION: WORKING WITH PARTNERS 44

ANNEXES 47

ANNEX I: NATO AT A GLANCE 48

ANNEX II: KEY NATO AND ALLIED MULTINATIONAL EXERCISES IN 2025 54

ANNEX III: DEFENCE EXPENDITURE OF NATO COUNTRIES (2014-2025) 60