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  • IHS Markit: 2016 Defense Spending Reaches $1.57T Worldwide - top government contractors - best government contracting event
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    IHS Markit: 2016 Defense Spending Reaches $1.57T Worldwide

    A new report from IHS Markit says that global defense spending rose to $1.57 trillion during 2016 and defense expenditures are projected to continue to increase worldwide over the next decade. IHS Markit said Monday the annual Jane’s Defense Budget Report covers nearly 99 percent of defense spending worldwide and forecasts defense expenditures for 105 countries. “Defense spending returned to a healthy rate […] More