In 2023, global military expenditure rose for the ninth consecutive year, exceeding $2.4 trillion. This surge, fueled by the ongoing Russia–Ukraine war and escalating geopolitical tensions, marked a 6.8% increase—the largest annual rise since 2009. This pushed world military spending to its highest level recorded by SIPRI (Stockholm International Peace Research Institute). The global military burden, defined as military expenditure as a share of GDP, reached 2.3%, with governments dedicating an average of 6.9% of their budgets to defence or approximately $306 per person.
Tag Archives: Northrop Grumman
Gods of war
Source: Dreamstime
The shares of producers of weapons, missiles, rockets, fighter jets, ships, tanks, drones and all sorts of military equipment are considered a good investment in times of economic uncertainty. Even though they do not provide staggering profits, usually they are a constant source of income, since government expenses (mainly the U.S.) remain relatively constant.
When, however, there are geopolitical tensions and wars, the shares of defence companies become very attractive. Then, government defence expenses soar and the orders for all sorts of weapons are literally pouring in. And this is quite logical.
Ad Astra: How Far Will the Space Industry Fly?
Source: Dreamstime | Creator: Archangel80889
Reading time: 5 minutes
Sixty-four years after the Soviet Union launched in space the first manmade object – Sputnik-1, mankind sent off the first space tourists and seriously considers colonising Mars. And while, until recently, space exploration was limited exclusively to government and international agencies, in the past couple of decades, an increasing number of private companies are venturing into the space flight business.