Report: In 2018, Global Defense Spending Will Reach Highest Level Since Cold War

Global defense spending in 2018 is expected to reach the highest levels recorded since the end of the Cold War.The $1.67 trillion would be a 3.3 percent increase over 2017 levels, the highest year-on-year growth in over a decade.In revealing IHS Jane’s forecasts, Fenella McGerty, a principal analyst at the company, said: “The increase in defense spending reflects improving economic conditions around the world, coupled with a response to continuing instability in a number of key regio