Economics ❯ Defense Economics

Military Investment

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UK Leads 12-Nation Pledge of $50.66 Billion for European Deep Precision Strike

The plan funds long-range cruise, stealth and hypersonic missiles to strengthen NATO deterrence through greater European defence autonomy.

Five European Powers Launch LEAP to Build Low-Cost Air-Defense Drones and Weapons

UK Commits Over £400 Million in 2026 to Accelerate Long-Range and Hypersonic Weapons

Australia Begins AH-64E Apache Flying Operations in Townsville

U.S. Backs Seoul’s Bigger Defense Role, Pledges Support for Nuclear-Powered Submarines

NATO Adopts 5% of GDP Defense Spending Target by 2035, Faces Member Objections