defense spending

Global Military Spending Hits $2.718 Trillion, Highest Since Cold War: Report

Global military spending reached $2.718 trillion in 2024, marking a 9.4 percent increase over 2023, the largest rise since the Cold War.

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Japan Flexes Hypersonic-Killing Railgun for First Time

Japan has pulled the curtain back on its much-hyped electromagnetic railgun — an experimental weapon built to knock hypersonic threats out of the sky.

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Lithuania Allocates $200M for Boxer Vehicles and NASAMS System

Lithuania allocated $200 million in state-borrowed funds to purchase Boxer infantry fighting vehicles and the NASAMS air defense system.

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NATO Says 22 Members Hit 2% Spending Target in 2024

NATO said 22 of its 32 members hit the defense spending threshold of two percent of GDP last year, as US President Trump pushes to more than double that target.

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Ireland to Get First Radar Able to Detect Stealth Aircraft

Ireland is set to welcome its first primary military radar system capable of detecting aircraft engineered to evade traditional detection.

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Rocket Lab Lands Multibillion-Dollar Deals to Boost US, UK Hypersonic Programs

Rocket Lab has secured multibillion-dollar contracts with both the US and UK to support the development of critical hypersonic capabilities.

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Sweden Boosts Unmanned Systems Development With ‘Project Demo UCAV’

Sweden is advancing "Project Demo UCAV" (unmanned combat aerial vehicle) to develop and test new advanced unmanned technologies and countermeasures.

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Raytheon, Nine Others Compete for US Army’s $4.2B Tethered Spy Balloon Deal

The US Army has selected 10 defense firms to compete for a $4.2-billion program to develop a next-generation, lighter-than-air surveillance balloon.

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US Army Seeks AI-Driven Counter-Drone System Built in Simulation

The US Army is partnering with Duality AI to develop an AI-driven counter-drone system, built and tested entirely in simulation before deployment.

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Pentagon Chief Announces $5.1B Spending Cuts

The US Department of Defense will cut $5.1 billion in "wasteful" spending, including on climate and diversity initiatives, Pentagon chief Pete Hegseth said on Thursday.

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