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In 2015, out of its budget of $3.97 trillion, the US spent $637 billion on the military. In 2016, the US spent 3.29% of its GDP on its military (considering only basic Department of Defense budget spending), more than France's 2.26% and less than Saudi Arabia 's 9.85%. [133]
The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources. Some sources say that Russian and Chinese military spending are actually far higher than the chart due to captive markets and purchasing price parity in those countries. [3][4]
The United States Foreign Military Financing (FMF) program provides grants and loans to friendly foreign governments to fund the purchase of American weapons, defense equipment, services and training. The program was established through the 1976 Arms Export Control Act and is overseen by the Office of Security Assistance within the Bureau of ...
A trade association said the distilled spirits industry and its consumers are facing impacts from the dockworker strike at East and Gulf Coast ports – and could experience even more if it continues.
In some cases, discharge by purchase has also been used as a means to raise funds for military organizations or governments. [10] In the early 20th century, for example, the British Army reportedly raised significant funds by allowing soldiers to purchase their discharge, which helped finance military operations and maintain the force.
Between the 17th and 19th centuries, officer's commissions in the infantry and cavalry units of the English and British armies could be purchased. This avoided the need to wait to be promoted for merit or seniority, and was the usual way to obtain a commission in both armies. The practice began in 1683 during the reign of Charles II of England ...
The total "military construction" cost related to the program was projected to be US$553.6 million in 1997 dollars. The cost to procure each B-2 was US$737 million in 1997 dollars (equivalent to US$1.3 billion in 2021 [43]), based only on a fleet cost of US$15.48 billion. [5]
Lockheed Martin X-35. The Lockheed Martin F-35 Lightning II is an American family of single-seat, single-engine, stealth multirole combat aircraft designed for air superiority and strike missions; it also has electronic warfare and intelligence, surveillance, and reconnaissance capabilities. Lockheed Martin is the prime F-35 contractor with ...