Amid raging wars, the world spent $2,443 bn in 2023 on military expenses
Global military spend marks steepest rise in 15 years, India fourth biggest spender
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Global military spend marks steepest rise in 15 years, India fourth biggest spender
The ongoing conflict between Russia and Ukraine has seen the US defence industry clock record weapons sales with the business touching $80.9 billion in 2023 through its foreign military sales programme.
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The Director of the Defence Security and Cooperation Agency has said that the US set a $80.9bn record for Foreign Military Sales in 2023.
The U.S. has seen a dramatic spike in military sales to foreign countries since Russia invaded Ukraine in February 2022, a senior Defense Department official said this week at the Sea-Air-Space exposition near the District of Columbia.