Research and Markets: Weapons Modernization Efforts to Drive US Military Expenditure
A new Research and Markets report forecasts the U.S. military expenditure to reach $597 billion by 2020 from $560 billion in 2015, driven by the government’s efforts to retain military dominance through weapons modernization. The market analysis sets a 0.51 percent compound annual growth rate for U.S. military spending over the forecast period, noting that expenditure declined by […] More