Global military expenditure climbed by nearly 10% between 2023 and 2024, reaching $2.7 trillion last year as spending accelerated faster since the Cold War. Ongoing conflicts throughout Eastern Europe and the Middle East threaten to continue driving a worldwide race toward defense growth into the foreseeable future.
While the implications of this increased spending on defense may be catastrophic on a geopolitical level, the increased military budgets of countries around the globe could benefit companies in the defense industry. The firms below are among the top defense names likely to see a boost from continued increases in military spending.
