#Lockheed Martin #Defense Spending #VisionWave Holdings

Global Military Spending Hits $2.7 Trillion

In 2024, global military expenditure has surged to an astonishing $2.7 trillion, a jump of 9.4% compared to the previous year. This year-over-year increase is the largest seen in at least 30 years, reflecting the escalating global conflicts and geopolitical tensions. According to a UN report, countries are responding to these heightened threats by significantly ramping up their defense budgets.

NATO's recent disclosure reveals that all 32 member nations are on track to meet the 2% GDP spending target. Furthermore, the alliance has committed to reach a 5% GDP defense spending goal by 2035. This ambitious target indicates an urgent demand for advanced military technologies and platforms, presenting lucrative opportunities for defense contractors and platform developers.

The acceleration of defense spending is evident as stocks in the defense sector have soared by 57.8% since September 2024. This surge is fueled primarily by escalating geopolitical tensions and the introduction of the “One Big Beautiful Bill Act” which injects around $150 billion into defense funding over the next five years. This marks a significant shift from the post-Cold War efforts of military draw-downs toward proactive rearmament, with over 100 countries increasing their military budgets in just the past year.

VisionWave Holdings Shines in Defense Innovation

VisionWave Holdings, Inc. (NASDAQ: VWAV) recently showcased its groundbreaking technology during a five-day live-fire trial at Tawazun Industrial Park in Abu Dhabi. The company achieved a notable milestone with its 4D super-resolution radar, powered by the Evolved Intelligence edge engine, demonstrating unparalleled capabilities to detect and track aerial and ballistic threats with millisecond precision and minimal false alert rates.

According to Noam Kenig, CEO of VisionWave, the system exemplifies