As the war rages on and military spending booms, the US arms industry is a big winner in Ukraine
2 years, 1 month ago

As the war rages on and military spending booms, the US arms industry is a big winner in Ukraine

ABC  

As the war in Ukraine heads towards the one-year mark, so far there has been only one clear winner — the US arms industry. The MIC was already a "powerful force", and in response to Ukraine the US has stripped away many safeguards to protect against waste and price gouging, Mr Hartung said. Production for Lockheed Martin's popular Javelin anti-tank missiles — dubbed "Saint Javelin", the protector of Ukraine — increased from 2,100 to nearly 4,000 per year. "It's really the private companies that are profiting, I wouldn't say the US government is profiting," she said. "The notion of the US profiting from the war isn't how it's skewed," Dr Béraud-Sudreau told the ABC.

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History of this topic

SIPRI report: European weaponry imports skyrocket 155% in 2020-24, Ukraine's arms imports reach record levels following conflict with Russia
Trending News
1 week ago

SIPRI report: European weaponry imports skyrocket 155% in 2020-24, Ukraine's arms imports reach record levels following conflict with Russia

Firstpost  

According to data from the Stockholm International Peace Research Institute, American corporations increased their share of worldwide weaponry exports from 35% in the 2015–2019 period to 43% in 2020–24, demonstrating the United States’ sustained dominance of the world stage Servicemen of the 44th Separate Mechanised Brigade of the Armed Forces of Ukraine fire a Leopard 1A5 tank during a training, …

Arming Ukraine: A closer look at US military aid since 2021
1 week, 2 days ago

Arming Ukraine: A closer look at US military aid since 2021

CNN  

CNN — The United States and Ukraine have reached an agreement to resume US military aid, along with resuming intelligence sharing, the two countries said Tuesday. The US has given $69 billion in military aid The US is the largest single donor to the war-torn nation, sending at least $123 billion in total aid to Ukraine since Russia’s full-scale invasion …

Arming Ukraine: A closer look at US military aid since 2021
1 week, 2 days ago

Arming Ukraine: A closer look at US military aid since 2021

CNN  

CNN — The United States and Ukraine have reached an agreement to resume US military aid, along with resuming intelligence sharing, the two countries said Tuesday. The US has given $69 billion in military aid The US is the largest single donor to the war-torn nation, sending at least $123 billion in total aid to Ukraine since Russia’s full-scale invasion …

New report says Russia is better able to withstand heavy battlefield losses than Ukraine
1 month ago

New report says Russia is better able to withstand heavy battlefield losses than Ukraine

Associated Press  

LONDON — Russia’s stockpiles of Cold War-era weapons and larger population have allowed it to withstand heavy battlefield losses in Ukraine as the West fails to provide Ukraine the aid needed to mount a counteroffensive, according to an annual review of the global military situation. “While Ukraine has proved its ability to resist Russia’s invasion in the air, land and …

Saudi Arabia spent $76 bn on its military in 2024, aims for $78 bn this year — 7% of its GDP
1 month, 2 weeks ago

Saudi Arabia spent $76 bn on its military in 2024, aims for $78 bn this year — 7% of its GDP

Firstpost  

Saudi Arabia’s military spending has increased at an annual rate of 4.5% since 1960, reaching $75.8 billion in 2024. Saudi Arabia’s military spending has grown at an annual rate of 4.5% since 1960, reaching $75.8 billion in 2024, accounting for 3.1% of global defence expenditures. According to Arab News, during the fourth Global Strategies in Defense and Aerospace Industry Conference …

U.S. Announces Nearly $1 Billion More In Longer-Term Weapons Support For Ukraine
3 months, 1 week ago

U.S. Announces Nearly $1 Billion More In Longer-Term Weapons Support For Ukraine

Huff Post  

LOADING ERROR LOADING SIMI VALLEY, Calif. — The United States will provide nearly $1 billion more in longer-term weapons support to Ukraine, Defense Secretary Lloyd Austin said Saturday as the Biden administration rushes to spend all the congressionally approved money it has left to bolster Kyiv before President-elect Donald Trump takes office next month. We all want… pic.twitter.com/eKMtuhp2ZI — Volodymyr …

US announces nearly $1 billion more in longer-term weapons support for Ukraine
3 months, 1 week ago

US announces nearly $1 billion more in longer-term weapons support for Ukraine

Associated Press  

SIMI VALLEY, Calif. — The United States will provide nearly $1 billion more in longer-term weapons support to Ukraine, Defense Secretary Lloyd Austin said Saturday as the Biden administration rushes to spend all the congressionally approved money it has left to bolster Kyiv before President-elect Donald Trump takes office next month. Austin said he was “confident that President Reagan would …

Arms producers saw revenue up in 2023 with the wars in Ukraine and Gaza, a new report says
3 months, 2 weeks ago

Arms producers saw revenue up in 2023 with the wars in Ukraine and Gaza, a new report says

Associated Press  

STOCKHOLM, Sweden — Major companies in the arms industry saw a 4.2% increase in overall revenue in 2023 with sharp rises for producers based in Russia and the Middle East, a new report said Monday. The report by the Stockholm International Peace Research Institute, or SIPRI, said revenues from the top 100 arms companies totaled $632 billion last year in …

Putin earmarks 32% of Budget 2025 for Russia’s defence. Is he preparing for 4th year of Ukraine war?
3 months, 2 weeks ago

Putin earmarks 32% of Budget 2025 for Russia’s defence. Is he preparing for 4th year of Ukraine war?

Firstpost  

At a time when the Russian military is making continuous gains in the war on Ukraine, President Vladimir Putin has approved the largest-ever defence budget with a 22% annual hike As the war on Ukraine has entered a decisive phase, Russian President Vladimir Putin has approved the highest-ever defence budget for the next three years. The record budget with a …

Putin approves record defense spending — a third of Russia’s budget
3 months, 2 weeks ago

Putin approves record defense spending — a third of Russia’s budget

CNN  

CNN — Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from both sides nearly three years on. Scholz’s visit came after he rankled Ukrainian officials last month by calling Vladimir Putin, ending a years-long European effort to isolate the Russian president …

Russia races ahead of NATO in weapons production for Ukraine war: SIPRI
3 months, 2 weeks ago

Russia races ahead of NATO in weapons production for Ukraine war: SIPRI

Al Jazeera  

Despite a defence budget 10 times Russia’s, new report lays bare how NATO is unable to turn spending power into firepower in a crisis. New research shows that the revenues of Russia’s top defence contractors outpaced those of their United States and European counterparts last year, as they increased weapons production more effectively than their Western rivals. While Russia’s leading …

Putin approves record defense spending — a third of Russia’s budget
3 months, 2 weeks ago

Putin approves record defense spending — a third of Russia’s budget

CNN  

CNN — Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from both sides nearly three years on. Scholz’s visit came after he rankled Ukrainian officials last month by calling Vladimir Putin, ending a years-long European effort to isolate the Russian president …

War's Heavy Toll on Israel's Economy: A Long Road to Recovery
4 months, 3 weeks ago

War's Heavy Toll on Israel's Economy: A Long Road to Recovery

The Hindu  

The war in Israel has been expensive, with the country spending a significant amount of money on the military. This has raised concerns about the long-term effect of the fighting on the country's economy. The war has also inflicted an even heavier toll on Gaza's already broken economy, where 90% of the population has been displaced and the vast majority …

Russia hikes 2025 defence spending by 25% to a new post-Soviet high
5 months, 2 weeks ago

Russia hikes 2025 defence spending by 25% to a new post-Soviet high

Hindustan Times  

* Russia hikes 2025 defence spending by 25% to a new post-Soviet high {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Russia to spend 6.3% of GDP on national defence {{^usCountry}} {{/usCountry}} * Highest level since the Cold War * Defence spending at $145 billion, budget shows * Defence spending a third of all spending * Defence and security spending even higher By Darya …

The U.S. is giving Ukraine billions more in weapons. Here’s how they will help
5 months, 2 weeks ago

The U.S. is giving Ukraine billions more in weapons. Here’s how they will help

LA Times  

President Biden meets with Ukrainian President Volodymyr Zelensky in the Oval Office of the White House on Thursday. Trump argued that Ukraine should have made concessions to Russian President Vladimir Putin in the months before Russia’s February 2022 invasion, declaring that even “the worst deal would’ve been better than what we have now.” Trump, who has long been critical of …

US military aid packages to Ukraine shrink amid concerns over Pentagon stockpiles
6 months ago

US military aid packages to Ukraine shrink amid concerns over Pentagon stockpiles

CNN  

CNN — US military aid packages for Ukraine have been smaller in recent months, as the stockpiles of weapons and equipment that the Pentagon is willing to send Kyiv from its own inventory have dwindled. In April, Congress gave the Biden administration an additional $13.4 billion to use specifically to send Ukraine weapons and equipment drawn from US stockpiles. The …

The EU buys too much defense equipment abroad, especially from the US, a major report says
6 months, 1 week ago

The EU buys too much defense equipment abroad, especially from the US, a major report says

Associated Press  

BRUSSELS — European Union countries are buying too much of their defense equipment abroad, almost two thirds of it in the United States, and failing to invest enough in joint military projects, a landmark report on EU competitiveness warned on Monday. The 27 member states are also failing to make best use of Europe’s research and development capacities to modernize …

The next frontier of the defence industry
9 months, 3 weeks ago

The next frontier of the defence industry

Hindustan Times  

Recently outgoing commander of the Indo-Pacific command Admiral John Aquilino made an interesting statement. But it cannot escape notice that this estimate from the United States commander comes at a time, when US elections are due, and the military is not unnaturally apprehensive of budget cuts under a new administration, even as President Biden’s request to Congress for an increase …

UK puts its defense industry on ‘war footing’ and gives Ukraine $620 million in new military aid
10 months, 3 weeks ago

UK puts its defense industry on ‘war footing’ and gives Ukraine $620 million in new military aid

Associated Press  

WARSAW, Poland — The U.K. prime minister said Tuesday the country is putting its defense industry on a “war footing” by increasing defense spending to 2.5% of GDP by the end of the decade, and pledged to send arms worth 500 million pounds to Ukraine. “We will put the U.K.’s own defense industry on a war footing,” Sunak told British …

Global military spending climbed 7% in 2023 amid conflicts, think-tank SIPRI says
10 months, 3 weeks ago

Global military spending climbed 7% in 2023 amid conflicts, think-tank SIPRI says

Hindustan Times  

Global military expenditure grew 7% to $2.43 trillion in 2023, the steepest annual rise since 2009 as international peace and security deteriorated, a leading think-tank said on Monday, Arms being transferred to Ukraine by United States. Nan Tian, senior researcher at SIPRI's Military Expenditure and Arms Production Programme, said: "States are prioritising military strength but they risk an action–reaction spiral …

India 4th largest military spender in 2023, says new Sipri report
10 months, 3 weeks ago

India 4th largest military spender in 2023, says new Sipri report

Hindustan Times  

NEW DELHI: India was the fourth largest military spender in the world in 2023 with an expenditure of $83.6 billion after the United States, China and Russia, the Stockholm International Peace Research Institute said in a report published on Monday. Pokhran: Indian military personnel during the Exercise Bharat Shakti, in Pokhran, Rajasthan, in March India’s spending was 4.2% higher than …

War, fear of war spur global military spending to new record: SIPRI report
10 months, 3 weeks ago

War, fear of war spur global military spending to new record: SIPRI report

Al Jazeera  

New high of $2.4 trillion is the ninth straight annual increase, suggesting the trend will continue, research institute says. Last year, Russia increased military spending by 24 percent to 6.9 percent of its GDP and 16 percent of all government spending. Its 2024 budget plans an even bigger increase – 70 percent on defence and security spending – to $157bn, …

EU to boost defence industry in a bid to move away from US dependency
1 year ago

EU to boost defence industry in a bid to move away from US dependency

The Hindu  

The European Union on March 5 outlined ambitious plans to boost its defence industry as it responds to the threat posed by Russia’s war on Ukraine and seeks to wean member nations off an over-dependence on the U.S. defence industry. Strategic independence In the first 16 months since the February 2022 start of the Ukraine war, “member states spent more …

Ukraine warns delays in Western aid supplies ‘costing lives and territory’
1 year ago

Ukraine warns delays in Western aid supplies ‘costing lives and territory’

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Half of Western arms deliveries are being delayed and the hold-up is putting lives and territories …

How much is the war costing Russia and Ukraine - what is the status of their economies?
1 year, 1 month ago

How much is the war costing Russia and Ukraine - what is the status of their economies?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While Moscow has pledged billions more in defence spending …

Global defence spending jumped to record $2.2 trillion last year: Report
1 year, 1 month ago

Global defence spending jumped to record $2.2 trillion last year: Report

Al Jazeera  

Spending set to rise in 2024 with Israel’s war on Gaza, Russia-Ukraine conflict, tensions in Indo-Pacific. Global defence spending jumped 9 percent to a record $2.2 trillion last year, a British military think tank said, and is set to rise in 2024 with Israel’s war on Gaza, the conflict in Ukraine and rising tensions in the Indo-Pacific region. A new …

US announces new weapons aid for Ukraine as Congress is stalled on more funding
1 year, 3 months ago

US announces new weapons aid for Ukraine as Congress is stalled on more funding

Associated Press  

WASHINGTON — The U.S. is sending a $175 million package of military aid to Ukraine, including guided missiles for the High Mobility Artillery Rocket Systems, anti-armor systems and high-speed anti-radiation missiles, the Pentagon and State Department announced on Wednesday. The latest aid comes as Congress remains stalled on legislation that would provide new funding for Ukraine as it battles to …

Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
1 year, 3 months ago

Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war

Associated Press  

STOCKHOLM — Many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment, a watchdog group said Monday, adding that labor shortages, soaring costs and supply chain disruptions had been exacerbated by Russia’s invasion of Ukraine. “Many arms companies faced obstacles in adjusting to production for high-intensity warfare,” said …

Russia backs record increase in defence spending plans as Ukraine war rages on
1 year, 4 months ago

Russia backs record increase in defence spending plans as Ukraine war rages on

Live Mint  

Russian lawmakers backed a record increase in military spending to fund Moscow's offensive on Ukraine, in a first reading of the bill Thursday. Before the vote on Thursday, finance minister Anton Siluanov told lawmakers the proposed budget was "aimed at today's main task -- ensuring our victory." "The war has become existential for the Russian economy because a big part …

Ukraine plans big rise in defence spending in 2024 draft budget
1 year, 6 months ago

Ukraine plans big rise in defence spending in 2024 draft budget

Firstpost  

The finance ministry said in a statement that spending on defence was expected to be more than 21% of gross domestic product. The spending includes an allocation of 48.1 billion hryvnias for buying drones, which have been widely used by both sides in the almost 19-month-old war. The government approved a draft 2024 budget on Friday that puts the deficit …

US approves $1.3 billion package of long-term military aid for Ukraine
1 year, 7 months ago

US approves $1.3 billion package of long-term military aid for Ukraine

Associated Press  

WASHINGTON — The Pentagon announced a new $1.3 billion package of long-term military aid to Ukraine on Wednesday, including four air defense systems and an undisclosed number of drones. Included in the aid, which is being provided under the Ukraine Security Assistance Initiative, will be funding for four National Advanced Surface-to-Air Missile System, or NASAMS, and munitions for them, as …

Ukraine war spurs record global spending on military, Stockholm think tank says
1 year, 10 months ago

Ukraine war spurs record global spending on military, Stockholm think tank says

The Hindu  

Global military spending rose to a record last year as Russia's war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of the Cold War three decades ago, a leading conflict and armaments think tank said on Monday. Ukraine's military spending rose 640% in 2022, the largest annual increase recorded in SIPRI data going back …

World military spending reaches all-time high of $2.24 trillion
1 year, 10 months ago

World military spending reaches all-time high of $2.24 trillion

Al Jazeera  

Surge in spending reflects Russia-Ukraine war and ‘increasingly insecure world’, according to leading think tank. World military spending reached an all-time high of $2.24 trillion in 2022, as Russia’s invasion of Ukraine fuelled a sharp jump in military spending across Europe, according to a leading defence think tank. “While the full-scale invasion of Ukraine in February 2022 certainly affected military …

The world after the Ukraine war
2 years ago

The world after the Ukraine war

Al Jazeera  

Russia’s full-scale invasion of Ukraine has been catastrophic. It has also unravelled Russia’s moral and strategic standing in the world, as it has become clear just how badly prepared the Russian army really is and how exaggerated Russian economic might has been. Not only has it destabilised energy markets, fuelled inflation and disrupted the supply of foods and commodities, but …

Report: Ukraine war ups arms sales but challenges lie ahead
2 years, 3 months ago

Report: Ukraine war ups arms sales but challenges lie ahead

Associated Press  

STOCKHOLM — Global arms sales increased by nearly 2% in 2021, the seventh consecutive year of increases, an international arms sales watchdog noted Monday. “Increasing output takes time” said Diego Lopes da Silva, a senior researcher with SIPRI, adding that if the supply chain disruptions continue, “it may take several years for some of the main arms producers to meet …

U.S. approves up to $675M in further military aid to Ukraine
2 years, 6 months ago

U.S. approves up to $675M in further military aid to Ukraine

Associated Press  

RAMSTEIN AIR BASE, Germany — U.S. Defense Secretary Lloyd Austin said Thursday President Joe Biden has approved additional military aid to Ukraine worth up to $675 million, an announcement that came as he gathered allies to renew their commitment to military support “for the long haul.” Austin said at the start of a meeting with senior officials from allied countries …

Ukraine's military is bolstered by billions of dollars from the US, but where is it going?
2 years, 8 months ago

Ukraine's military is bolstered by billions of dollars from the US, but where is it going?

ABC  

The war in Ukraine is now more than 100 days old, displacing an estimated 13 million Ukrainians with no end in sight. Key points: Since March, the US has escalated aid and services to Ukraine after two bills passed Joe Biden continues to replenish stockpiles as US lethal aid to Ukraine tops $37 billion But a group monitoring US spending …

Defense companies aren’t getting a boost from Russia’s war with Ukraine
2 years, 10 months ago

Defense companies aren’t getting a boost from Russia’s war with Ukraine

CNN  

New York CNN Business — When war breaks out, defense companies tend to make money. “Those investors expecting a quick boost in earnings at the defense contractors due to the war in the Ukraine will likely be sorely surprised,” wrote Bank of America. Production of Raytheon’s Stinger and Javelin missiles, key weapons in the Ukrainian resistance to Russia, were stalled …

World military spending tops $2 trillion for first time: SIPRI
2 years, 10 months ago

World military spending tops $2 trillion for first time: SIPRI

Al Jazeera  

The US, China, India, UK and Russia were the top five defence spenders, according to new data by defence think tank SIPRI. The global military expenditure has reached an all-time high, passing $2 trillion in 2021, according to a report by a leading defence think-tank based in Sweden, as spending increased for the seventh consecutive year. Despite the economic fallout …

Sweden announces plan for significant boost in military spending
3 years ago

Sweden announces plan for significant boost in military spending

Al Jazeera  

The Swedish government plans to raise military spending to two percent of GDP over the threat from Russia’s war in Ukraine. Sweden’s government has announced plans for a significant boost in military spending to two percent of gross domestic product “as soon as possible”, citing the security threat from Russia’s war in Ukraine. The Scandinavian country, which during the Cold …

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets
3 years ago

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets

Firstpost  

Russia’s invasion of Ukraine has prompted many countries to hike their defence budgets. Romania: President Klaus Iohannis said that his country would push defence spending to 2.5 per cent of GDP, from the current 2 per cent mark. China: Beijing too has increased its defence spending in 2022 by 7.1 per cent to $229 billion, up from a 6.8 per …

Global spending on weapons reached record high in 2020, report shows
4 years ago

Global spending on weapons reached record high in 2020, report shows

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In its authoritative annual “Military Balance” report on defence …

Military spending hits highest level in a decade: Study
4 years, 10 months ago

Military spending hits highest level in a decade: Study

Al Jazeera  

World’s nations spent a combined $1.9 trillion on their militaries in 2019, largest expenditures since 2010. Global military expenditures saw the biggest uptick in a decade in 2019, researchers say, marking the first year two Asian countries were among the top three spenders. Driving the increase were the world’s largest spenders, led by the United States, which spent $732bn in …

Our poor, struggling military-industrial complex: How will it survive on $750 billion?
6 years, 2 months ago

Our poor, struggling military-industrial complex: How will it survive on $750 billion?

Salon  

It is a sign of our times that our media attempt to decipher future government policy by analyzing the president’s tweets, like some bizarre game of telephone. Throughout November, there was speculation of a coming reduction in military spending, and when Donald Trump took to Twitter to describe the $716 billion budget as “crazy,” media took this as confirmation. The …

Global military spending rises to $1.739 trillion; China, India among top 5 spenders, says report
6 years, 10 months ago

Global military spending rises to $1.739 trillion; China, India among top 5 spenders, says report

Firstpost  

India spent $63.9 billion on its military in 2017, an increase of 5.5 percent compared with 2016 and of 45 percent since 2008. It said the total global military spending rose to $1.739 trillion which is an increase of 1.1 percent compared to the expenditure in 2016. Siemon Wezeman, Senior Researcher with the SIPRI, said, “Tensions between China and many …

Military might
7 years, 10 months ago

Military might

The Hindu  

BY ordering the massive ordnance air blast airstrike on Afghanistan's Nangarhar province on April 13, which saw the 11-tonne “mother of all bombs” being dropped to wipe out a network of Islamic State tunnels, the United States has once again drawn the world’s attention to its massive firepower, enormous resources, and propensity to stage military interventions to buttress its status …

Indian military spending, at $55.9 billion for 2016, becomes fifth largest in the world
7 years, 10 months ago

Indian military spending, at $55.9 billion for 2016, becomes fifth largest in the world

Firstpost  

India’s military expenditure grew around 8.5 percent in 2016, making it the world’s fifth largest spender at $55.9 billion, figures released by the Stockholm International Peace Research Institute revealed on Monday New Delhi: India’s military expenditure grew around 8.5 percent in 2016, making it the world’s fifth largest spender at $55.9 billion, figures released by the Stockholm International Peace Research …

World military spending dips in 2012, first fall since 1998
11 years, 11 months ago

World military spending dips in 2012, first fall since 1998

Firstpost  

Big powers the United States and its European allies face tight budgets in an economic downturn and have scaled back involvement in conflicts in Iraq and Afghanistan. “We are seeing what may be the beginning of a shift in the balance of world military spending from the rich Western countries to emerging regions,” said Sam Perlo-Freeman, director of SIPRI’s Military …

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