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Militaryspending

All articles tagged with #militaryspending

world1 year ago

Global Arms Trade Surges Amid Rising Conflicts and Tensions

The global weapons trade saw significant growth in 2023, driven by conflicts in Ukraine and Gaza, and rising tensions in East Asia. According to SIPRI, the world's top 100 arms producers' revenue increased by 4.2% to $632 billion. Russian companies saw a 40% revenue increase, while German manufacturers also experienced growth. However, overall European growth was minimal at 0.2% due to low production capacities. In Asia, South Korean and Japanese companies expanded significantly, while Chinese growth slowed. Israeli manufacturers reported record earnings amid the Gaza conflict.

via DW (English)|
#defenseindustry#militaryspending#russia
politics1 year ago

Trump vs. Harris: Defense Industry Impacts and Policy Shifts

A second Trump administration is expected to bring uncertainty to defense spending, with potential shifts towards isolationism and changes in military aid policies, particularly regarding NATO and Ukraine. Analysts suggest that the composition of Congress will significantly influence the defense budget. While Trump's platform promises increased missile defense and military modernization, his past unpredictability raises questions about future defense strategies. Industry executives remain cautiously optimistic, noting that defense budgets often reflect global threats rather than political changes.

via Breaking Defense|
#defensebudget#foreignpolicy#militaryspending
world-news2 years ago

"Russia's Costliest Air Assault on Ukraine Spurs Global Condemnation as Death Toll Rises"

Russia launched its largest aerial attack on Ukraine to date, costing an estimated $1.273 billion according to Ukrainian economic outlet Ekonomichna Pravda. The attack involved a variety of missiles and drones, including expensive Kh-101 cruise missiles, and resulted in civilian casualties and damage to infrastructure. The Institute for the Study of War (ISW) suggests that the attack was part of a strategy to overwhelm Ukrainian air defenses and degrade Ukrainian morale.

via Newsweek|
##aerialattack#militaryspending