military spending
Global Arms Industry Reaches Record $679 Billion in Sales Amid Rising Conflicts and Geopolitical Tensions
Dec 01, 2025 09:09 pm CST
The Stockholm International Peace Research Institute reports that global arms sales hit a record $679 billion in 2024, growing by 5.9% due to conflicts in Ukraine and Gaza. All five top arms companies increased revenues, with Indian defense firms growing by 8.2% to $7.5 billion. The industry is expanding production capacity to meet heightened demand driven by geopolitical tensions worldwide.
Global Conflicts Drive Record Profits for US Defense Giants Lockheed Martin and RTX in 2025
Oct 22, 2025 09:39 am CST
Major US defense contractors Lockheed Martin and RTX report substantial profit growth driven by ongoing conflicts in Ukraine and the Middle East, with increased demand for missiles, fighter jets, and air defense systems. The Trump administration's $175 billion Golden Dome missile defense initiative further enhances growth prospects for the aerospace and defense sector despite Northrop Grumman's slight sales forecast adjustment.
Kremlin Shrugs Off EU Plans To Speed Up Phase-Out Of Russia's Energy
Sep 18, 2025 01:39 am CST
The European Union's plans to phase out Russian energy and commodities more quickly will not affect Russia and will not force it to change its position, Kremlin spokesman Dmitry Peskov said on Wednesday.