Keeping up with China: US Navy orders $22 billion worth of submarines // World military expenditure grows to $1.8 trillion in 2018
The US Navy on Monday awarded its most
expensive shipbuilding contract ever, more than $22.2 billion worth of the
world's most advanced submarines. The massive contract for nine
nuclear-powered, Virginia class attack submarines comes just months after the
head of the US Navy in the Pacific warned of a massive Chinese naval buildup
and his trouble in getting enough submarines to counter it. The deal "marks the US Navy's latest
response to China's growing military power and aggressive actions in the
Western Pacific," said Carl Schuster, a former director of operations at
the US Pacific Command's Joint Intelligence Center....
https://edition.cnn.com/2019/12/03/politics/us-navy-submarines-contract-intl-hnk/index.html
World military expenditure grows to $1.8 trillion in 2018
From Siberia to Australia: the age of fire is the bleakest warning yet
https://edition.cnn.com/2019/12/03/politics/us-navy-submarines-contract-intl-hnk/index.html
World military expenditure grows to $1.8 trillion in 2018
Stockholm, 29 April 2019) Total world
military expenditure rose to $1822 billion in 2018, representing an
increase of 2.6 per cent from 2017, according to new data from the
Stockholm International Peace Research Institute (SIPRI). The five biggest
spenders in 2018 were the United States, China, Saudi Arabia, India and France,
which together accounted for 60 per cent of global military spending.
Military spending by the USA increased for the first time since 2010, while
spending by China grew for the 24th consecutive year. The comprehensive annual
update of the SIPRI Military Expenditure Database is accessible from today
at www.sipri.org
Total global military spending rose for the
second consecutive year in 2018, to the highest level since 1988—the first year
for which consistent global data is available. World spending is now
76 per cent higher than the post-cold war low in 1998.* World military
spending in 2018 represented 2.1 per cent of global gross domestic product
(GDP) or $239 per person. ‘In 2018 the USA and China accounted for half of the
world’s military spending,’ says Dr Nan Tian, a researcher with the SIPRI Arms
and Military Expenditure (AMEX) programme. ‘The higher level of world military
expenditure in 2018 is mainly the result of significant increases in spending
by these two countries.’
From Siberia to Australia: the age of fire is the bleakest warning yet