News in Numbers

Japan’s defence budget grew at a compound annual growth rate of 19.3% from 2020 to 2024 despite economic challenges, according to analysis by analytics company GlobalData.

The US government announced in late September that it would allocate a further $7.9bn in funding to cover the cost of defence equipment provision to Ukraine.

The US Department of Defense awarded Lockheed Martin a $4.1bn undefinitised, multi-year procurement contract for the manufacture and delivery of extended-range GMLRS missiles.

Taiwan's defence budget, which will hit $23.4bn by 2029, is growing in response to territorial aggression from China.

In early September, the UK committed to a further £162m ($213.3m) military aid package for Ukraine, despite the new government’s claim of a £22bn black hole in public finances.