Tag: military spending

Finland to Exceed NATO Spending Goal

Finnish Defence Minister Antti Häkkänen with French Armed Forces Minister Catherine Vautrin at the meeting of the North Atlantic Council in Defence Ministers’ Session on October 15, 2025 in Brussels | Photo: NATO

Finland says it will exceed NATO’s 1.5 percent target for defence- and security-related spending in 2026, reporting an estimated 2.4 percent of GDP under the framework. The government said spending will include preparedness, resilience and homeland defence-related activities beyond the Ministry of Defence.

SIPRI: Wars Push Global Arms Sales to All-Time High

European companies, Leonardo (No. 10 on the SIPRI 2024 list) and KNDS ( No. 42 on the SIPRI 2024 list), have joined hands to offer the CAESAR Self-Propelled Howitzer, to the military of the top arms selling country in the world, the United States | Photo: Leonardo DRS/KNDS

Global defence revenues surged to a record $679 billion in 2024, driven by the wars in Ukraine and Gaza and rising geopolitical tensions, according to new SIPRI data. The world’s 100 biggest arms makers saw sales grow 5.9 percent, with strong increases in Europe and steady dominance by U.S. firms. SpaceX entered the Top 100 for the first time, while China posted a rare decline due to procurement disruptions.