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The Latest Breaking News from Defense Spending

Air taxi firm Joby acquires defense tech company for $500 million

Electric vertical take-off and landing aircraft (eVTOL) companies are focusing more on the military market as commercial development has ‌taken longer ⁠than ⁠expected and defense spending has ramped up, driven by wars in Ukraine and the Middle East.

The Economic Times

UK PM On Trump, Iran And Defense Spending. Music And Discord In Burnham's Message

Andy Burnham says he would not be averse to call out Trump, dodged a question on committing to a date to increase defense spending, and conveyed that he had had concern about the US president starting the conflict with Iran.

International Business Times

Britain's new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy

Britain’s new leader, Andy Burnham, is facing the same old problem: How can he kickstart a sluggish economy so that growing companies and increased output generate enough additional revenue to boost defense spending and pay for everything else voters want without raising taxes

The Independent UK

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Jamie Dimon Backs Philadelphia Navy Yard With $24 Million as US Defense Spending Surges, Says 'The Arsenal of Democracy Has Been Reignited'

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), has announced a $24 million initiative aimed at rejuvenating the American shipbuilding industry.

Benzinga

McConnell's absence could jeopardize Republicans' defense spending agenda as the Iran war escalates

The Trump administration has asked Congress for an additional $350 billion in defense funds amid the reignited Iran war.

Fortune

Defense funding to research troops’ brain injuries shrank since 2025

Funding for Defense Department medical research into traumatic brain injuries has dropped by more than three-quarters in the last three fiscal years, even as the problem continues to plague U.S. servicemembers. At issue is the Pentagon-funded program to research detection and treatment of TBIs and to understand psychological health issues,…

Roll Call

NATO's Ankara Summit was more of a warning than an escape

NATO's recent summit focused on maintaining American commitment to collective defense. Donald Trump's unpredictable stance created significant uncertainty for alliance leaders. European nations are increasing defense spending to build independent deterrence capabilities. Russia's military is expected to emerge stronger and more sophisticated after the Ukraine conflict. NATO planners must prepare…

The Economic Times

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Trump Says Spain Is ‘A Wasted Cause’ and Threatens to Kill All Trade After NATO Ally Refuses New Defense Spending Target

President Donald Trump threatened on Wednesday to end U.S. trade with Spain, sharply criticizing the NATO ally for refusing to commit to the alliance’s new defense spending target during a summit in Ankara, Turkey.

Benzinga

Trump blasts NATO for rejecting his efforts to claim Greenland as leaders hold a summit in Turkey

In a recent address, President Trump lambasted NATO allies for their approaches to Greenland and Iran, while also expressing frustration over the defense spending pledges from European nations. NATO Secretary-General Rutte confirmed that many member states are enhancing their defense investments. Furthermore, Ukraine's President Zelenskyy advocated for the country's accession…

The Economic Times

NATO set to unveil billions in arms deals to prove its firepower to Trump

NATO will reveal billions in new military projects at a summit in Turkey. These initiatives aim to demonstrate increased defense spending and capabilities to the United States. Allies are presenting new contracts for crucial military equipment and modernization efforts. The alliance seeks to reassure the US about European commitment to…

The Economic Times

NATO readies for a 'big reveal' on arms deals to prove its firepower to Trump

NATO will showcase new military projects worth billions in an effort to convince President Donald Trump that allies are boosting defense spending

The Independent UK

Canada selects Germany's ThyssenKrupp to build 12 submarines as it boosts NATO spending

Canada has selected Germany’s ThyssenKrupp Marine Systems to build 12 submarines, one of its largest military purchases, as it boosts defense spending to meet NATO targets

The Independent UK

NATO chief demands allies present credible plans to reach defense spending targets

NATO Secretary-General Mark Rutte has demanded that member states present clear plans to meet defense spending targets at their annual summit

The Independent UK

Trump won big spending promises from NATO last year. This week in Turkey, he'll try to enforce them

President Trump heads to Turkey to press NATO allies on defense spending pledges. He expects immediate action on the 5% GDP target, a key focus after last year's summit. Despite ongoing disputes, Trump seeks to solidify his influence on the alliance's future, while also planning meetings on Ukraine and Syria.…

The Economic Times

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The Economic Times

NATO chief Mark Rutte may have to match his made-for-Trump sales pitch to keep a summit on the rails

NATO Secretary-General Mark Rutte faces a tough challenge keeping the US committed to the alliance, especially with President Trump demanding "loyalty" beyond financial contributions. Despite Rutte's efforts, including elaborate presentations on European defense spending, Trump remains focused on perceived slights like allies not joining the Iran war. This comes as…

The Economic Times

At White House, NATO'S Rutte tries to ease tensions with Trump over Iran

NATO chief Mark Rutte met with President Trump at the White House to ease tensions over the Iran war and U.S. troop withdrawal threats. Rutte presented data on increased defense spending by allies, calling concerns about support "isolated cases." While Trump praised Rutte's efforts, he remained largely unconvinced about European…

Fortune

Asia’s defense boom is rewiring the global arms supply chain

Asia, once an arms importer, is now emerging as a hardware manufacturer and arms exporter, driving the global defense industry in a more multipolar world.

Roll Call

Reconciliation 3.0 hurdles

House Republicans are scrambling to produce a third reconciliation bill this Congress focused on defense spending and combating fraud, but they face numerous obstacles. CQ Roll Call’s Aidan Quigley and Paul M. Krawzak join host David Lerman to assess the bill’s prospects and all the complications that lie ahead. Show…

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AAP

Pakistan's finance minister presents the country's next budget that hikes defense spending

Pakistan's finance minister has presented the new budget to lawmakers, a draft that hikes defense spending by 18% while trimming funding for development programs and offering modest tax reliefs for salaried workers

AAP

UK defense secretary resigns, saying the government isn't willing to spend enough on the military

U.K. Defense Secretary John Healey has resigned, saying the government is not willing to spend enough on the military at a time of rising threats

AAP

UK defense secretary resigns, saying the government is not willing to spend enough on the military

U.K. Defense Secretary John Healey has resigned, saying the government is not willing to spend enough on the military at a time of rising threats

Roll Call

Fiscal 2027 NDAA approved by House Armed Services Committee

The House Armed Services Committee approved its fiscal 2027 National Defense Authorization Act late Thursday after a series of politically charged debates about the Iran war, Pentagon acquisition rules, defense spending and vestiges of the Confederacy in the military. After contending with about 900 amendments over the course of 14…

International Business Times

Europe's Defense Spending Surge Is Fueling a 50% Price Spike on Military Gear — and the Problem Is Getting Worse

European nations face military gear price increases of more than 50% in two years as NATO allies race to rearm, Estonian Defense Minister Hanno Pevkur warned Saturday at the Lennart Meri Conference in Tallinn. The surge is exposing a painful paradox: the more Europe tries to defend itself, the more…

Fortune

The national debt fix would cost $827 billion—roughly what America spends on its entire military, economists warn

A Cato Institute report lays out the scale of America's fiscal reckoning as the tools that once tamed the debt are no longer available.

MarketBeat

3 Stocks Poised to Grow on European Rearmament Spending

EU defense spending increases may mean big wins for some U.S. defense names, although investors should keep in mind that local spending will be prioritized.

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