Global defense revenues grew in 2023 amid Ukraine, Middle East conflicts: SIPRI report

Global defense revenues grew in 2023 amid Ukraine, Middle East conflicts: SIPRI report
Global defense revenues grew in 2023 amid Ukraine, Middle East conflicts: SIPRI report

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.

Global military spending hits ‘all-time high’ of $2.4 trillion: SIPRI report

Global military spending hits ‘all-time high’ of $2.4 trillion: SIPRI report
Global military spending hits ‘all-time high’ of $2.4 trillion: SIPRI report

The 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.

US arms sales dip causes top 100 contractor revenues to slide in 2022: Report

US arms sales dip causes top 100 contractor revenues to slide in 2022: Report
US arms sales dip causes top 100 contractor revenues to slide in 2022: Report

SIPRI said global competitors moved faster, and revenues for defense firms in Asia and the Middle East “increased substantially.”

Saudi Arabia, Qatar see sharp jump in military spending in the Middle East: Report

Saudi Arabia, Qatar see sharp jump in military spending in the Middle East: Report
Saudi Arabia, Qatar see sharp jump in military spending in the Middle East: Report

The war in Ukraine may have spurred large defense jumps in Europe, but analysis suggests the Middle East seems preoccupied with regional issues.

Global defense spending reaches ‘record high’ of $2.2 trillion: SIPRI

Global defense spending reaches ‘record high’ of $2.2 trillion: SIPRI
Global defense spending reaches ‘record high’ of $2.2 trillion: SIPRI

“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.

Egypt likely to get F-15s: CENTCOM chief

Egypt likely to get F-15s: CENTCOM chief
Egypt likely to get F-15s: CENTCOM chief

The general’s comments come ahead of the standard public notifications associated with foreign military sales.

US expands global arms export gap over No. 2 seller Russia: Report

US expands global arms export gap over No. 2 seller Russia: Report
US expands global arms export gap over No. 2 seller Russia: Report

Russian and Chinese international weapon sales are continuing on a downward trend from last year’s report.

China Is Not Outspending US On Defense; ’22 Budget Is Enough

China Is Not Outspending US On Defense; ’22 Budget Is Enough
China Is Not Outspending US On Defense; ’22 Budget Is Enough

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…

China Already Outspends US Military? Discuss

China Already Outspends US Military? Discuss
China Already Outspends US Military? Discuss

Bill 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…

Will Biden Curb Trump-Era Surge In Arms Sales?

Will Biden Curb Trump-Era Surge In Arms Sales?
Will Biden Curb Trump-Era Surge In Arms Sales?

US 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.

Trump’s Claim Of $2.5 Trillion In DoD Dough: Not True

Trump’s Claim Of $2.5 Trillion In DoD Dough: Not True
Trump’s Claim Of $2.5 Trillion In DoD Dough: Not True

If you count next year’s budget, the president will be actually selling himself short. But his other superlatives are not justified.

Israel: Does Elbit’s Rise Mean IAI’s Downfall?

Israel: Does Elbit’s Rise Mean IAI’s Downfall?
Israel: Does Elbit’s Rise Mean IAI’s Downfall?

“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.”

Can’t Spend? Won’t Spend? 4 Lessons From NATO’s Bottom Lines

Can’t Spend? Won’t Spend? 4 Lessons From NATO’s Bottom Lines
Can’t Spend? Won’t Spend? 4 Lessons From NATO’s Bottom Lines

Most 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.

US Defense Budget Not That Much Bigger Than China, Russia: Gen. Milley

US Defense Budget Not That Much Bigger Than China, Russia: Gen. Milley
US Defense Budget Not That Much Bigger Than China, Russia: Gen. Milley

“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.”