Angola’s military and defence expenditure will increase from the current $6.5 billion to $13 billion by 2019 due to increased demand for border security equipment, fighter jets, multi-role aircraft, helicopters, navy vessels and unmanned aerial vehicles (UAVs).
By Mushvig Mehdiyev
Azerbaijan decided to allocate $5 billion to military in 2015 in an effort to improve the combat readiness, as well as the technical equipment and upgrade of its army.
Total amount of the military expenditure shares 17.9 percent of the budget assignments and is the next record figure in Azerbaijan’s history, according to Finance Minister Samir Sharifov. He said Azerbaijan’s sole military budget exceeds the overall state budget of Armenia by $2 billion.
NEW DELHI — India has approved a 158 billion rupee (S$3.3 billion) purchase of artillery, the first acquisition of large-calibre guns since the 1980s, as Prime Minister Narendra Modi seeks to modernise the armed forces.
The Defence Acquisition Council authorised 229 billion rupees of procurements over the weekend, including the artillery, a government official told reporters in New Delhi, asking not to be identified. The meeting was the first since Mr Manohar Parrikar became defence minister earlier this month.
WASHINGTON –- President Barack Obama will pledge $3 billion this weekend to an international fund that helps developing countries address climate change, in yet another move seen as important to advancing cooperation toward a global climate agreement.
Source: Business Insider
The Pentagon has stuck with the F-35 Lightning Joint Strike Fighter program despite dozens of technical problems and delays, strategic concerns, and massive cost overruns that have nearly doubled the initial cost estimate, raising the cost of building the planes to around $400 billion with a lifetime cost of up to $1.5 trillion.
One reason why the project has become such a boondoggle is that many states and countries are significantly invested in the plane, relying on its production for income and jobs.