Tag: military industry

• Sunday, May 17th 2026 - 13:48 UTC

  Brazil leads South America's military spending and Uruguay posts one of the largest relative rises, SIPRI says

  

  Brazil consolidated its position as South America's leading defense spender during 2025, with a military budget of approximately USD 23.9 billion and a 13% year-on-year increase, while Uruguay recorded one of the steepest relative rises in the region, according to the annual report of the Stockholm International Peace Research Institute (SIPRI) released on Saturday. The region as a whole increased its military spending by 3.4% compared with 2024, in line with a global trend of armed forces modernization, open conflicts, and growing geopolitical tensions.

• Monday, April 26th 2010 - 19:35 UTC

  British BAE Systems First non-US Arms Company to Lead SIPRI’s Top 100 List

  

  With arms sales reaching 32.4 billion in 2008, BAE Systems is the first non-US company to lead SIPRI's Top 100 list of the largest arms-producing companies.