The Latest Breaking News from Defense Spending

Sweden’s prime minister says his government wants to ramp up defense spending to a target of 3.5% of the Nordic country’sgross domestic product, marking its largest military buildup since the Cold War

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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

The impact of a potential trade war with the United States and massive increases in European defense spending and government borrowing are looming over Thursday’s policy meeting at the European Central Bank

The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on borrowing, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure