Craig works as a senior analyst on Aviation Week Network’s military and commercial forecast databases, specializing in military aircraft markets and global defense spending trends. Prior to joining Aviation Week he spent 12 years at Jane’s working as an analyst and consultant on global aerospace and defense markets.
The Pentagon appears to have reached peak spending and will have to determine how to meet its strategic objectives through redistribution and reprioritization
Chinese defense expenditure will remain at around 1.2% of GDP, although aspects of wider defense spending are understood to not be included in that official figure.
Since Russia's full-scale invasion of Ukraine, European defense expenditure has increased by 26.7% in real terms, and its defense sector is still catching up.
