Global military expenditures surpassed the $2 trillion 1 milestone in 2021 with the United States, China, the United Kingdom, India, and Russia, being the top spenders. Amongst these countries, the United States was the largest spender, with military spending of $801 billion in 2021, steadily increasing from $662 billion in 2015. 2 The nation’s growing focus on research and development has translated into an increase of 24% in R&D spending between 2012 and 2021. 1 According to Alexandra Marksteiner, Research for SIPRI Military Expenditure and Arms Production Programme, “The increase in R&D spending over the decade 2012-21 suggests that the United States is focusing more on next-generation technologies.” President Biden has also announced an estimated $722 billion budget for the Department of Defense for 2022 and $773 billion in funding for 2023. 2 These numbers may change as demand from the war in Ukraine continues to deplete US stockpiles and reserves (more below). A massiv
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