News in Numbers

The UK Ministry of Defence (MoD) announced it will allocate £5bn ($6.75bn) towards uncrewed autonomous systems and laser weapon systems over the next four years.

South Korea’s defence spending is projected to grow at a compound annual growth rate of 2% between 2026 and 2030, reaching $50.1bn by the end of the decade. 

A UK government deal with the European Union will enable access for British defence firms into a €150bn EU-wide defence investment fund.

United Arab Emirates’ EDGE Group has secured Dh9bn ($2.45bn) contract with the Kuwait Ministry of Defence to supply FALAJ-3 missile boats for the country’s naval forces.

The Netherlands will spend up to €2.5bn on the acquisition of more than 40 Leopard 2A8 MBTs, after it had disbanded its tank force in 2011.