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United States Top Arms Supplier Over A Decade, SIPRI Says

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Worldwide military spending in 2008 totalled an estimated $1.46 trillion, the Stockholm International Peace Research Institute (SIPRI) said yesterday as it launched its 2009 Yearbook on Armaments, Disarmament and International Security. The United States accounted for accounted for 58 percent of the global increase in worldwide military expenditure between 1999 and 2008, with its military spending growing by $219 billion in constant 2005 prices over the period, SIPRI said yesterday. But the United States was not the only nation to…

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