World

April 18, 2012

Russia, China boost arms spending

by Malin Rising
Associated Press

The global financial crisis hit military spending in the U.S. and Europe last year, while Russia and China kept increasing their spending on weapons, a leading think-tank said April 17.

The Stockholm International Peace Research Institute says budget cuts kept worldwide military expenditures nearly flat at 0.3 percent in 2011, marking an end to an 11-year trend of growing arms spending.

Russia overtook Britain and France to become the world’s third largest arms spender, to the tune of some $8 billion – a 9.3 percent increase over 2010.

China also boosted its purchases by 6.7 percent to around $143 billion, remaining the world’s second largest arms investor.

The world’s leading arms buyer, the United States, cut military expenditure by 1.2 percent to $711 billion, while Europe marginally increased its spending to $407 billion.

“The aftereffects of the global economic crisis, especially deficit-reduction measures in USA and Europe, have finally brought the decade-long rise in military spending to a halt – at least for now,” said Sam Perlo-Freeman, head of SIPRI’s Military Expenditure Project.

Last year, six of the world’s top military spenders – Brazil, France, Germany, India, Britain and the United States – cut their military budgets.

One of the key reasons for the slight U.S. decline was the long delay in Congress agreeing on a 2011 budget as the Obama administration clashed with Republicans over measures to reduce the deficit, SIPRI said.

The institute expects American arms spending to continue falling due to the withdrawal of U.S. forces from Iraq, the drawdown of U.S. forces in Afghanistan and the Budget Control Act, passed by Congress earlier this year.

Russia’s growing expenditure was mainly driven by the country’s aim to replace 70 percent of its Soviet-era military equipment with modern weaponry by 2020, SIPRI said, adding that it expects the Kremlin to increase its military spending in coming years.

“They are clearly putting very high priority on building up their military power again,” Perlo-Freeman said.

He said Russia lacks important modern communications technology for the battlefield and wants to hedge against America’s overwhelming military might even if there is no current hostility between Russia and NATO.

Perlo-Freeman said many analysts doubt whether the Russian arms industry will be able to fulfill such ambitious plans after two decades of stagnation in the wake of the Soviet collapse.

SIPRI said China’s spending is in line with its overall economic growth and has remained stable at around 2 percent of the country’s GDP since 2001.

It noted that China’s increased arms spending has caused concern among its neighbors and contributed to higher arms outlays in both India and Vietnam. But the report said talk of an arms race in Asia would be premature because data and analysis reveal mixed trends in arms acquisitions.

Despite the increases, the Chinese military technology still lags behind America’s, SIPRI said.

“The United States is still going to maintain for the foreseeable future overwhelming military dominance,” Perlo-Freeman said. “The United States still outspends China five to one, and Russia’s spending is half of China’s.”

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines March 23, 2015

News: Obama says more troops will stay in Afghanistan next year - President Obama March 24 formally abandoned his pledge to bring U.S. troop levels in Afghanistan down to 5,000 by the end of this year, saying the current force of about 10,000 will remain there into 2016.   Business: U.S. special ops to sole-source 2,000...
 
 

News Briefs March 25, 2015

Pentagon notifying U.S. troops named by alleged IS hackers The Pentagon said March 23 it is notifying 100 U.S. military members that their names and addresses were posted on the Internet by a group calling itself the Islamic State Hacking Division. The group said it was posting the information, including photos of the individuals, to...
 
 
Courtesy photograph

Lockheed Martin acquires high-speed wind tunnel, plans upgrades

Courtesy photograph A RATTLRS cruise-missile inlet undergoes testing at the High Speed Wind Tunnel at Lockheed Martin Missiles and Fire Control in Grand Prairie. Lockheed Martin recently purchased the facility and plans numerou...
 

 
Lockheed Martin photograph by Andrew McMurtrie

Off they go: Three more C-130Js delivered

Lockheed Martin photograph by Andrew McMurtrie March 19, a U.S. Air Force crew took delivery of and ferried an MC-130J Commando II Special Operations tanker aircraft that is assigned to Air Force Special Operations Command’s ...
 
 

Northrop to provide DIRCM for Canadian Chinook fleet

Northrop Grumman has been selected by the Royal Canadian Air Force to provide infrared missile protection on its fleet of CH-147F Chinooks. “Battle-tested in the harshest conditions and in use around the world, Northrop Grumman’s infrared countermeasure systems have been protecting warfighters for more than 50 years,” said Carl Smith, vice president, infrared countermeasures, ...
 
 

UTC Aerospace awarded contract for surface ship sonar domes

UTC Aerospace Systems has received a contract from the Naval Surface Warfare Center – Crane, Indiana, to provide sonar domes for surface combat ships. The five-year indefinite delivery, indefinite quantity contract is valued at up to $39 million and covers deliveries through 2020 to the U.S. Navy and foreign military sales. In addition to the...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>