Global Military Spending - NEWS ONLY

[GTX]

Australia boosts defense spending to 'transform' military

Defense minister says a more focused, integrated military force needed

asia.nikkei.com

See more specifics here: https://www.secretprojects.co.uk/threads/australian-defence-strategic-review.40723/post-672173

 

[GTX]

A quick summary may also be found here

 

[Forest Green]

https://twitter.com/x/status/1780619788005396621

View: https://x.com/defense_news/status/1780619788005396621

 

[Grey Havoc]

Ukraine can’t hold lines without ‘rapid resumption’ of US aid: Think tank

The Institute for the Study of War (ISW) warned Russia is gaining the initiative on the battlefield and that Ukraine “cannot hold the present lines now without the rapid resumption” of …

thehill.com

 

[Grey Havoc]

Navy has spent nearly $1B in Middle East, including against Houthi threat, secretary says

U.S. naval forces have spent nearly $1 billion in the Middle East, including on efforts to fend off drone and missile attacks from the Houthi rebels in the Red Sea, Secretary of the Navy Carlos Del…

thehill.com

 

[Grey Havoc]

Air Guard changes in Alaska could affect national security, rescue ops

Staffing changes in the Alaska Air National Guard may hurt the organization's ability to secure America's western airspace and carry out rescue operations.

www.militarytimes.com

 

[Grey Havoc]

Albania courts NATO investors to revive Soviet-era munitions plants

Tirana officials are already working with the alliance to determine scale of required investments and product types to be manufactured at three sites.

www.defensenews.com

 

[Grey Havoc]

Welcome to the jungle – the new Cold War era of investing is upon us

The Stock Market Sceptic: deglobalisation and rearmament will reshape the economy

www.telegraph.co.uk

 

[Forest Green]

US House approves long-awaited $61 billion Ukraine aid package

Lawmakers in the US House of Representatives on Saturday quickly passed legislation to provide military aid to Ukraine, Israel and Taiwan, and to ban TikTok if it fails to divest from its Chinese parent…

www.france24.com

The bill also allows Biden to confiscate and sell Russian assets and provide the money to Ukraine to finance reconstruction, a move that has been embraced by other G7 nations.

 

[Grey Havoc]

The bill also allows Biden to confiscate and sell Russian assets and provide the money to Ukraine to finance reconstruction, a move that has been embraced by other G7 nations.

I suspect that that will end up backfiring badly in the long term.

 

[Forest Green]

Global military spending hits 'all-time high' of $2.4 trillion: SIPRI report - Breaking Defense

The US remains the world’s largest defense spender, outlaying $916 billion last year, a 2.3 percent annual increase, ahead of China in second place, which spent an estimated $296 billion, a 6 percent increase over the same period.

breakingdefense.com

I suspect that that will end up backfiring badly in the long term.

Nah. The rather extreme conditions surrounding it are unlikely to shake faith in the dollar (because frankly they're not relevant to the vast majority), and no other potential currency vendors would behave differently in the same circumstances.

 

[Forest Green]

UK government unveils $620 million top-up in Ukraine military aid

Officials in London have billed the latest package as the largest single British delivery of weapons to Ukraine since the start of Russia's invasion.

www.defensenews.com

 

[bobbymike]

Closely following defense technology for 40+ years it seems I’ve seen this cycle 20 times. First US must invest in advanced defense technology to maintain military edge over adversaries (or something close to this) followed by:

https://www.nationaldefensemagazine.org/articles/2024/4/24/emerging-technology-horizons-defense-budget-request-shortchanges-emerging-tech?fbclid=IwZXh0bgNhZW0BMQABHfjy-DS9ZvB5kI42Oi1N_kL5bmjxDscdzibBUWtzY2I664cY10LJpdLuaQ_aem_AWelQAgsVDg4MqYH7sdCMqPp5EE2_refmdWZiQ5Bs3fmYtype3wvFvs8nO9mBExOujs

 

[Grey Havoc]

Naval And Military Rearmament To Face New Threats Could Cost $10 Trillion

By Enda Curran, Natalia Drozdiak and Bhargavi Sakthivel (Bloomberg) A new era of global rearmament is gathering pace, and it will mean vast costs and some tough decisions for western governments...

gcaptain.com

 

[Forest Green]

US nudges Germany on long-range missiles for Ukraine

Washington (AFP) April 25, 2024 - The United States hopes decisions by it and allied countries to send long-range missiles to Ukraine may encourage similar action by Germany, which has so far refused to provide its Taurus missiles, a US official said Thursday.

www.spacewar.com

 

[Forest Green]

Swedish defense committee calls for near $4.8 billion defense spending jump - Breaking Defense

In a clear reference to Russian aggression, the Swedish government committee warned in a statement of the "deteriorating security situation."

breakingdefense.com

 

[Grey Havoc]

Sullivan: Defense industry 'still underestimating' global need for munitions - Breaking Defense

National Security Advisor Jake Sullivan said that there are "no plans" for another Ukraine supplemental at this point.

breakingdefense.com