9 June 2008.
As shown in the new edition of the SIPRI Yearbook:
Military spending, arms production and international arms transfers are all on the rise:
world military spending totalled $1339 billion in 2007, a real-terms increase of 6% since 2006;
arms sales by the 100 largest arms-producing companies in 2006 increased by 8% in nominal
terms over 2005;
international transfers of major conventional weapons were 7% higher over the period 2003–2007 than in 2002–2006.
Iraq war profiteering: here.
US Congress passes $633 billion military spending bill: here.
- Bang for the Buck (waroftheworldblog.com)
- All 5 nuke states deploying new weapons, Sipri says (panarmenian.net)
- Global annual military spending tops $1.2 trillion (christinechow27.wordpress.com)