Higher defense spending has boosted the order backlogs for the Dassault Aviation Rafale (top) and Lockheed Martin F-35.
Credit: Tech Sgt. Alexander Cook/U.S. Air Force
The defense sector is undergoing a period of exceptional growth. Spurred initially by Russia’s full-scale invasion of Ukraine in 2022 and then bolstered by concerns over Chinese intent in the Asia-Pacific region, followed by the Israel-Gaza conflict, spending on defense has increased at an average...
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