IHS Janes, December 12, 2016

After a lackluster 2015, global defence spending rose in 2016 to $1.57 trillion, kicking off what is forecast to be a decade of stronger global defence expenditure, according to the annual Jane’s Defence Budgets Report released today by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.

“Defence spending returned to a healthy rate of growth in 2016, kicking off what we expect to be a decade of stronger global defence spending,” said Fenella McGerty, principal analyst, IHS Jane’s. “Defence spending should recover to pre-financial crisis levels by 2018.”

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The complete article can be found on the IHS Markit website.