The United States leads global military spending, topping $997.3 billion in 2024, more than three times that of China. This expenditure sustains military superiority and global influence. The U.S. boasts the highest number of billion-dollar defense contractors, with 41 out of the world's 100 largest firms based in the country. While the majority of their revenue comes from Pentagon contracts, these firms also generate substantial income by selling arms to foreign governments, illustrating the extensive role of the U.S. in equipping allied nations' military forces.
The United States spends significantly on defense, with a budget of over $997.3 billion in 2024, far surpassing any other nation's military expenditure.
American defense contractors dominate the market globally, with 41 of the top 100 largest arms manufacturers based in the U.S., contributing heavily to foreign weapons sales.
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