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The world’s 100 largest arms manufacturers experienced a 5.9% revenue increase in 2024, reaching a record $679 billion, fueled by conflicts in Ukraine and Gaza and global military spending. European and U.S. companies led the growth, with European arms revenue rising by 13% due to demand related to the war in Ukraine and U.S. revenue up 3.8%. While revenue increased in the Middle East and Russia, Asia and Oceania saw a slight decline due to issues in the Chinese arms industry.
Recent reports indicate that payments to Russian troops fighting in Ukraine have been suspended in Yakutia due to regional budget shortfalls, with the finance minister citing an inability to forecast demand. This follows a period of record military spending by Russia, which has offered substantial financial incentives to attract recruits. The suspension of payments could signal financial strain and liquidity problems within Russia’s war effort, as several other regions have already cut bonuses to recruits. Despite assurances from Yakutia officials that payments will be made, the ongoing economic impact of the war may lead to further financial difficulties.
The US Army is receiving a donation of approximately $1 million from the Association of the United States Army (AUSA) to cover travel and lodging expenses for senior leaders attending a professional development conference in Washington, DC. This donation allows senior leaders to attend the annual Association of the US Army conference, which the government shutdown had jeopardized due to a lack of funds for travel and per diems. AUSA typically provides funds to the Army for this conference, but the recent donation appears to be in addition to their standard contribution. The conference will bring together Army leaders, defense industry executives, and foreign military representatives, and includes the Leader Solarium event for battalion commanders and sergeants major.
Russia is reportedly planning to spend approximately $1.1 trillion on rearmament over the next 11 years, indicating preparations for a large-scale war. This ambitious weapons program, the most significant since the Soviet Union’s collapse, involves mobilizing all sectors of Russian society to support the military buildup. Furthermore, Russia is establishing new military districts, aiming to reshape the global order, disrupt existing security, and expand its presence, particularly in Africa. Alongside these efforts, Moscow is employing hybrid operations, including cyberattacks and disinformation campaigns, to undermine democracies and impose its vision of a world order dominated by powerful states.
Russia intends to spend approximately $1.1 trillion on rearmament by 2036, representing its largest arms program since the Soviet Union’s collapse. The Main Intelligence Directorate of the Ministry of Defense of Ukraine reports that this investment accompanies a comprehensive mobilization of Russian resources for potential large-scale conflict. Within its military reform, Russia is establishing new military districts and formations while aiming to destabilize the existing global order through increased influence in Africa, hybrid operations, and cyber warfare. Russia seeks to reshape the world order, prioritizing the dominance of major powers and control over essential resources.
France’s Macron announces plan to accelerate military spending, a move that feels significant on many levels. It’s exciting to see Europe taking greater responsibility for its own defense, especially given the current geopolitical climate. The announcement of 64 billion euros earmarked for defense by 2027, a plan accelerated from the original 2030 timeline, really underscores the urgency of the situation.
This shift in strategy, bringing the investment forward, hints at a strategic assessment of the risks on the continent. Considering the rapid evolution of the global landscape, particularly with Russia’s actions in Ukraine, it makes perfect sense to prepare sooner rather than later.… Continue reading
On July 13, 2025, French President Emmanuel Macron addressed military leaders, revealing a plan for 6.5 billion euros in additional military spending over the next two years, citing unprecedented threats from Russia, terrorism, and cyberattacks. This will bring France’s annual defense spending to 64 billion euros by 2027, doubling the amount from his initial presidency. Macron emphasized the need for a powerful France to protect European freedom, due to instability from the war in Ukraine and uncertainty regarding the United States’ role. The President also initiated a strategic dialogue with European partners to discuss the role of France’s nuclear arsenal in defense.
Despite initial resilience fueled by military spending and oil exports, the Russian economy is now facing a downturn. Manufacturing is contracting, consumer spending is down, and inflation remains high, straining the national budget. Experts warn that the economy’s reliance on military spending is unsustainable, and Western sanctions are increasingly taking a toll. This economic strain is reducing Russia’s ability to fund the war in Ukraine, with falling oil prices adding further risk to the situation.
Amidst warnings of an impending recession, Russian President Vladimir Putin announced plans to reduce military spending over the next three years, despite current spending reaching nearly $172 billion annually. This decision follows warnings from economic officials regarding dwindling resources and a slowdown in wartime economic growth, despite 4.3% growth in 2024. Russia faces challenges including high inflation, labor shortages, and the impact of Western sanctions, leading to cuts in non-military spending, particularly social programs. Furthermore, private industries are suffering, and banking officials have privately warned about a potential crisis next year, while the country struggles with reintegrating returning veterans.
John Q. Hosedrinker 
Matt Underwood