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Craig Caffrey
August 27, 2026
Credit: Jonathan Nackstrand/AFP/Getty/Aviation Week Network
The world is currently in the midst of its biggest defense boom in decades as nations respond to a deteriorating security environment and rising levels of strategic instability. Spending on defense procurement in particular has skyrocketed, rising from $441 billion in 2021 to $770 billion in 2026, a…
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Budget Brief: How The Defense Boom Is Reshaping Markets is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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