News in Numbers

Asia-Pacific’s military maintenance costs are set to reach around $44bn in 2025 amid shifts in the region’s security landscape, according to GlobalData.

Rolls-Royce has secured a contract valued at approximately £9bn with the UK Ministry of Defence to enhance the support for the Royal Navy’s fleet of nuclear submarines.

Lockheed Martin has experienced a notable year of progress in 2024, with a sales increase of 5% and an unprecedented year-end backlog valued at $176bn.

The US State Department has reported a 29% increase in its military equipment sales to foreign governments, reaching a total of $318.7bn in the fiscal year 2024.

The US Army has placed a $263m order with L3Harris Technologies for the ongoing production of the Enhanced Night Vision Goggle – Binocular (ENVG-B).