Military spending sets new record
June 8th, 2009 in Breaking News, New World Disorder
BBC NEWS | Business | Military spending sets new record.
Global military spending rose 4% in 2008 to a record $1,464bn (£914bn) - up 45% since 1999, according to the Stockholm-based peace institute Sipri.
In contrast with civilian aerospace and airlines, the defence industry remains healthy.
“The global financial crisis has yet to have an impact on major arms companies’ revenues, profits and order backlogs,” Sipri said.