WASHINGTON, DC – Noting that the Stockholm International Peace Research Institute (SIPRI) shows Western defense spending declining in 2013–led by the United States–National Defense highlighted the ramp-up of defense acquisitions in China, Russia and the Middle East.
“SIPRI estimates China’s military budget at $188 billion, Russia’s at $87.9 billion and Saudi Arabia’s at $67 billion. Saudi Arabia leapfrogs the United Kingdom, Japan and France to become the world’s fourth largest military spender, said SIPRI. China, Russia and Saudi Arabia are among the 23 countries around the world that have more than doubled military budgets since 2004.”
Though much of the recent investment has focused on airborne and ground platforms, Saudi Arabia seems set to shift focus to naval modernization…” –Sebastian Sobolev
Sobolev commented on developments in the Saudi market for U.S. arms suppliers, saying that foreign military sales to Saudi Arabia are currently the largest U.S. FMS transfer. This includes munitions for the F-15 SA and acquisition of the C-130J and KC-130 cargo aircraft from Lockheed Martin—for a potential total of over $13 billion.
Click here to read: “Military Budgets Fall in the West, Rise in China, Russia, Middle East.”