The outlay reached $2.4 trillion last year, a research group found, 6.8 percent up on 2022. Tensions in Asia and the Middle East also contributed.
Tag: Stockholm International Peace Research Institute
Israel-Hamas War Adds to Surge in Global Weapons Sales
Israel’s conflict with Hamas, Russia’s invasion of Ukraine and the rise of China have brought a boom for weapons makers and a chance for Washington to build closer military ties to other countries.
The War in Ukraine Could Dent Russia’s Clout as an Arms Dealer
Analysts say Russia’s performance in Ukraine, coupled with Western sanctions, is likely to hurt its ability to sell weapons abroad. Southeast Asia is a case in point.
China Could Have 1,000 Nuclear Warheads by 2030, Pentagon Says
Gen. Mark A. Milley, chairman of the Joint Chiefs of Staff, called Beijing the “No. 1” nation-state military challenger to the United States.