The initiative was launched at the NATO Summit in Wales by Denmark -- the lead actor in the initiative -- the Czech Republic, Denmark, Greece, Norway, Portugal and Spain.
NATO said the project will focus on multi-national approaches toward air-to-ground precision-guided munitions and will establish an overall framework for strengthening international cooperation within the munitions sector.
"Danish experiences from the air operation over Libya in 2011 showed us that national munitions stockpiles are not always sufficient ... and they cannot easily be re-supplied within the short timeframe needed during operations," said Danish National Armaments Director Lt. Gen. Pugholm Olsen. "Therefore we must pursue innovative and more flexible approaches towards provision of munitions in general and specifically air-to-ground precision-guided munitions."
The six signatories to a letter of intent will consider a wide spectrum of multinational arrangements in the field of PGMs. Among them: mutual loan arrangements, common warehousing, multi-national procurement and the creation of multinational stocks of weapons.