The Latest Breaking News from Defense Spending

When a $400 drone can destroy a multi-million-dollar tank, defense departments need to radically rethink their procurement.

The prospective next German government’s plans to enable higher defense spending by loosening strict debt rules and to set up a huge infrastructure fund that’s aimed at boosting Europe’s biggest economy have cleared their final parliamentary hurdle with approval by the upper house

Military service leaders are telling senators that passing a temporary budget that keeps defense spending largely flat will hurt readiness and efforts to modernize the force

BAE Systems stock has soared 45% this year as rising defense budgets and major government contracts fuel growth.