A Fortune Business Insights report estimates that the global military drone market will grow to $23.78B by 2027 at a 12.12 percent compound annual growth rate partly driven by the increase in military spending in major world economies.
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A new Stockholm International Peace Research Institute report says sales of military services and weapons systems worldwide reached $398.2B in 2017, a figure that reflects a 2.5 percent increase from 2016. SIPRI said Monday the U.S. arms industry landed the top spot in the 2017 Top 100 for posting a 2 …
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A new Stockholm International Peace Research Institute report says military spending worldwide hit a total of $1.7 trillion in 2017, reflecting a 1.1 percent increase from 2016. SIPRI said Wednesday U.S. military spending remained steady for two years in a row at $610 billion and the country remained the world’s largest …
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A new Stockholm International Peace Research Institute report says military arms and services sales worldwide reached a total of $374.8 billion during 2016. SIPRI said Monday the figure reflects a 1.9 percent increase from 2015 and represents the first year of growth in arms sales since 2010. Sales of U.S. arms …
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Defense contractors expect an increase in weapons spending as NATO countries work to increase their military budgets amid President-elect Donald Trump’s skepticism about the alliance and his call for U.S. allies to pay more for their own defense, Bloomberg reported Wednesday. Rick Clough writes Lockheed Martin, Raytheon and Thales are …
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A new report from the Stockholm International Peace Research Institute says military spending worldwide in 2015 posted a year-to-year increase for the first time since 2011 at a rate of 1 percent to $1.7 trillion total. SIPRI said Tuesday the figure reflects a rise in spending in Eastern and Central Europe, Asia and …
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