Park Aerospace stands to benefit from surging global defense spending and NATO's push for higher military budgets.

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 ...

Global military spending grew to an all-time high of $2.24 trillion, according to a report by a Swedish watchdog, with a sharp rise of 13% in Europe, due to Russian and Ukrainian expenditure.

European nations' collective spending increased by 17% to $693 billion amid the ongoing war in Ukraine, the organization's data show. Russia's government increased its military spending by 38% to ...

The nearly 7% rise in global military spending in 2023 from 2022 marks the sharpest year-on-year increase since 2009 Open in Our App. ... Ukraine, Sunday, April 21, 2024.

Global military spending reached a record high of $2.4 trillion last year, driven by Russia’s invasion of Ukraine and tensions in other parts of the world, a Sweden-based think tank said Monday.

Global military spending reached a new high in 2024. Germany, too, spent significantly more on defense.Global military spending reached a new peak in 2024, totaling just over $2.7 trillion.

Among the report’s key findings was the boost Russia gave to its military budget in the lead-up to the war in Ukraine. Moscow’s official military spending in 2021 increased by 2.9 percent to ...

Global military expenditures in 2022 rose 3.7% to a record $2.24 trillion, driven by Russia’s invasion of Ukraine and related spending by Moscow and Kyiv.

It may only have to outlast poor Ukraine. Its total military expenditures grew by a comparably paltry 2.9 percent in 2024 to reach $64.7 billion—equivalent to 43 percent of Russia’s spending.

World military expenditures rose 3.7% in real terms in 2022, according to the Stockholm International Peace Research Institute, or Sipri. By far the sharpest rise in spending came from Europe (up ...

Across all countries with available defense budget data, cumulative, global military spending spiked by 10% — or about $209 billion — between 2021 and 2023 alone, according to the Stockholm ...