The Latest Breaking News from Defense Spending

Europe’s plan for spending more on defense is finding previously unimaginable political backing

Prime Minister Pedro Sánchez said Spain will meet NATO’s defense spending target this year as pressure grows on the eurozone’s fourth-largest economy and NATO laggard to boost its military expenditure

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.

Germany’s Greens say they won't support the prospective next government’s plans to loosen debt rules for defense spending and draw up a huge infrastructure investment fund

A Labour government pushing for increased defense spending and benefit cuts isn’t exactly what voters might have expected, but these are no ordinary times.

Strikes follow European leaders committing to a huge boost in defense spending. Plus, another of Elon Musk’s Starship rockets explodes within minutes of take-off