Poland to boost defenses by training student volunteers

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Poland to boost defenses by training student volunteers

2017-08-23 12:09 Last Updated At：12:09

Poland's Defense Ministry is starting a new program to boost the nation's defenses by offering military training to university student volunteers.

Poland has been making efforts to increase its defense capabilities amid security concerns raised in the region by Russia's military activity. It is upgrading its military equipment, some of which dates back to communist-era, and increasing its manpower, which was scaled back since the 1989 ouster of the communist regime.

"Poland's armed forces are faced with this very serious task of rebuilding their personnel reserves," Deputy Defense Minister Michal Dworczyk said on the ministry's website.

Dworczyk and education officials signed an agreement Monday, just weeks before neighboring Belarus and Russia hold a major military exercise in Belarus that is to involve over 12,000 troops.

NATO Secretary-General Jens Stoltenberg is to visit alliance troops this week that are based in northeastern Poland, close to the border with Belarus. NATO and U.S. troops were deployed to Poland earlier this year in response to Warsaw's concerns over Russia.

Poland's latest defense project aims to put some 10,000 volunteers through theoretical and practical training this academic year, increasing Poland's reserve military force.

Poland has also launched a new volunteer military structure, the Territorial Defense Force, which is to number some 53,000 in 2019.

Trump's proposed $1.5 trillion defense budget sends military contractor shares higher

President Donald Trump caused some commotion for investors in U.S. defense contractors this week. First, Trump criticized the companies for taking too long to produce military equipment and also failing to maintain it while at the same time paying out billions in dividends and stock buybacks to investors. But then the president proposed a $1.5 trillion defense budget for 2027, a big jump from the $901 billion provisioned for 2026.

Shares of Lockheed Martin, General Dynamics, Northrop Grumman and Raytheon parent RTX fell after the criticism but then roared back at the prospect of more lucrative government contracts down the road.

A look at Trump's comments and how they relate to U.S. defense contractors.

Trump on Truth Social: “While we make the best Military Equipment in the World (No other Country is even close!), Defense Contractors are currently issuing massive Dividends to their Shareholders and massive Stock Buybacks, at the expense and detriment of investing in Plants and Equipment. This situation will no longer be allowed or tolerated! ... Therefore, I will not permit Dividends or Stock Buybacks for Defense Companies until such time as these problems are rectified.”

Trump: “Executive Pay Packages in the Defense Industry are exorbitant an d unjustifiable ... From this moment forward, these Executives must build NEW and MODERN Production Plants, both for delivering and maintaining this important Equipment, and for building the latest Models of future Military Equipment. Until they do so, no Executive should be allowed to make in excess of $5 Million Dollars which, as high as it sounds, is a mere fraction of what they are making now.”

Trump: “ I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars, but rather $1.5 Trillion Dollars. This will allow us to build the “Dream Military” that we have long been entitled to and, more importantly, that will keep us SAFE and SECURE, regardless of foe.”

Shares of Lockheed Martin rose 4.3% after dropping 4.8% the day earlier, Northrop Grumman rose 2.4% after falling 5.5% and General Dynamics added 1.7% after losing 4.2% Wednesday. RTX, the parent of Raytheon, a contractor Trump singled out in his social media posts, rose 0.8% after falling 2.5%.