Defense spending

Germany's 2027 defense budget jumps 32.7% to $175.5 billion, making it NATO's second largest spender after the U.S.

Germany seeks a record €139.6 billion defense budget for 2027, citing air defense, military space and munitions supply as core priorities.

Israel's defense spending rose to 7.56% of GDP in 2025, with 94% of its air platforms imported from the U.S., reflecting heavy reliance on Washington.

South Korea is set to increase defense spending on AI-related capabilities by 55.5% in fiscal 2027 to a record 73.3 trillion South Korean won ($54.3 billion).

In the midst of NATO’s Ankara summit in July, the alliance released its latest set of data on the defense budgets of its member states, showing further significant increases in military spending.

The UK government's recently released Defense Investment Plan lays out where investment will be funneled and how much it will spend on different aircraft programs.

European procurement spending has surged by over 160% since 2021, and this dramatic increase has led to record backlogs for European defense companies.

After months of negotiations, release of the UK’s Defense Investment Plan (DIP) on June 30 finally provided some clarity around the future of British defense.

In late May Taiwan finally approved a new special budget for defense, ensuring that the country’s defense budget will continue to be augmented by supplemental funds beyond 2026.

The UK’s defense ministry is in disarray after the departure of two ministers concerned about the government’s unwillingness to provide more funding for defense.

Circumstances and priorities can change rapidly and targets can quickly be forgotten, but there can be no doubting Germany's commitment to expanding its military capabilities.

The U.S. FY27 defense budget request aims to outspend the next 17 nations combined amid global military spending surges.

Conditions appear highly supportive of a mini defense boom in the Gulf, with budget revisions expected through the course of 2026.

Just five years ago, prior to Russia’s invasion of Ukraine and when U.S. security commitments to Europe looked solid, projections for defense spending on the continent appeared flat.

Beyond the headline of a $1.5 trillion budget request, the U.S. defense sector will be looking for longer-term demand signals in an uncertain fiscal environment before it makes big bets on adding capacity.

Editors delve into the winners and losers in the White House’s $1.5 trillion defense spending plan.

In a $1.5 trillion U.S. defense spending proposal for fiscal 2027 filled with superlatives, arguably no organization made out better than the Defense Autonomous Warfare Group (DAWG).

Spanish Prime Minister Pedro Sánchez has pushed back against President Trump's calls for defense spending increases and canceled a contract with Israel, choosing a different path for the Iberian nation.

In 2024 U.S., Foreign Military Sales reached a new record of $97 billion, more than double the levels seen between 2018 and 2021.

The relationship between the defense budget and GDP is a particularly close one in China, and that link is both strategic and financial.

A larger capital budget for the Indian armed forces mean they may now get the resources they require to get their modernization back on track.

Against the backdrop of rapidly rising global defense expenditure, one trend has gone largely unnoticed: In 2025, the U.S. share of global spending fell to its lowest level for decades.

For Japan, 2026 marks the penultimate year of its five-year Defense Buildup Plan, initiated in 2022 in response to a perceived deterioration in the regional security environment.

Divergent regional trends in global defense spending are a further reminder that this defense market boom is different from those seen in recent decades.

The German parliament has given the green light to a mammoth €50 billion ($59 billion) package of arms deals covering missiles, satellites and more.