In 2021, military spending worldwide exceeded $2 trillion for the first time.
According to a report by the US Department of Defense, $7.12 billion worth of military equipment is left in Afghanistan.
North Korean leader Kim Jong-un said that they will develop their nuclear forces at full speed.
It was announced that Germany will purchase 60 Chinook heavy transport helicopters from Boeing, worth approximately 5 billion euros.
US shipbuilding company Swiftships has signed a $22 million contract with the Egyptian Navy to build 6 coastal patrol boats.
Chinese drone manufacturer DJI has ceased operations in Russia and Ukraine.
India has successfully tested BrahMos supersonic anti-ship cruise missile.
French defense industry company Nexter sold 8 artillery batteries to Senegal for $16 million.
Israel Aerospace Industries has signed an agreement with South Korean defense company Hyundai Heavy Industries to supply AESA marine radars to the Philippine Navy.
US aircraft manufacturer Boeing announced a loss of $ 1.2 billion in the first quarter of this year.
Italian aviation giant Leonardo has delivered 2 Tactical Transport Helicopters to the Qatar Air Force.