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Military budget News

Iran Chief: US using Iran as an excuse to boost military budget

Iran’s Chief of Joint Armed Forces Major General Hassan Firouzabadi said on Friday that the United States government is using Iran as an excuse to increase the country's military budget.

In the Media by Andrew Moran

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Military budget Headlines

China military budget tops $100bn

China announces an 11% hike in its official military budget in a move likely to add to regional unease about its growing aspirations and clout.

VIDEO: China's military budget tops $100bn

China has announced an 11% increase in military spending for 2012, in its first defence budget since US President Barack Obama announced that influence across the Asia-Pacific region was a "top priority".

MacKay affirms F-35 fighter purchase to military audience

Defence Minister Peter MacKay has affirmed Canada's decision to buy a fleet of F-35 stealth fighter jets, telling a major military conference the budget and number of planes won't change.

MoD 'over-optimistic' on spending

The Ministry of Defence may be "over-optimistic" about how much its military equipment budget is under control, an influential group of MPs says.

CAE cutting 300 jobs

CAE Inc. is cutting 300 jobs despite growing revenues and profits as the flight simulator and training company adjusts to the impact of military budget cuts in Europe.