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US military spending News
U.S. still biggest military spender but Saudi Arabia in third
Stockholm - The Stockholm International Peace Research Institute(SIPRI) estimates global military spending at $1.7 trillion for the year 2015. This is the first year-on-year increase since 2011.
Op-Ed: Defense Industry pessimistic about avoiding fiscal cliff
Washington - The defense industry may be becoming more pessimistic about a deal to avoid the fiscal cliff before the end of this year. They are also annoyed that they are sidelined during talks.
Survey shows 76% of Americans support military budget cuts
Washington - While U.S. Defense Secretary Panetta and military supplier Lockheed Martin Corp. warn of cuts to the military budget, a recent survey shows that 76 per cent of Americans support cuts.
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