While Russian defense contractors recorded a surge to their bottom lines, Chinese companies saw their year-over-year revenue growth stagnate, according to the Stockholm International Peace Research Institute.
By Valerie InsinnaThe US remains the world’s largest defense spender, outlaying $916 billion last year, a 2.3 percent annual increase, ahead of China in second place, which spent an estimated $296 billion, a 6 percent increase over the same period.
By Tim MartinSIPRI said global competitors moved faster, and revenues for defense firms in Asia and the Middle East “increased substantially.”
By Tim MartinThe war in Ukraine may have spurred large defense jumps in Europe, but analysis suggests the Middle East seems preoccupied with regional issues.
By Agnes Helou“While the full-scale invasion of Ukraine in February 2022 certainly affected military spending decisions in 2022, concerns about Russian aggression have been building for much longer,” said Lorenzo Scarazzato, researcher with SIPRI’s Military Expenditure and Arms Production Programme.
By Tim MartinThe general’s comments come ahead of the standard public notifications associated with foreign military sales.
By Justin KatzRussian and Chinese international weapon sales are continuing on a downward trend from last year’s report.
By Justin KatzBill Greenwalt worked hand in glove with the late Sen. Sen. McCain as he tried — and repeatedly failed — to cleanse the defense budget of huge amounts of what isn’t really defense spending — cancer research, health care, grocery stores and the list goes on and on. If you strip this from the defense…
By Bill GreenwaltUS arms exports grew 15 percent, to more than a third of the global market, driven largely by a surge in Mideastern buying – but Biden is reviewing major sales to Saudi Arabia and the UAE.
By Arie EgoziIf you count next year’s budget, the president will be actually selling himself short. But his other superlatives are not justified.
By Sydney J. Freedberg Jr.“Before I took office,” IAI chairman Harel Locker said at a recent conference, “(I) realized that if the company did not change, it could collapse within a few years.”
By Arie EgoziMost NATO nations don’t pay much. Most nations CAN’T pay much. Most spend on the wrong things. But most of them are moving in the right direction.
By Sydney J. Freedberg Jr.“I’ve seen comparative numbers of US defense budget versus China, US defense budget versus Russia,” Gen. Milley said. “What is not often commented on is the cost of labor. We’re the best paid military in the world by a long shot. The cost of Russian soldiers or Chinese soldiers is a tiny fraction.”
By Sydney J. Freedberg Jr.
Bill Greenwalt argues the US needs to increase its current level of defense spending by 3% to 5% a year in real terms, because China, our principal geostrategic competitor, is already outspending us on defense and time is not on our side. Greenwalt comes to this conclusion by claiming that in estimating the size of…
By Lawrence Korb