$2 Trillion Race to Control Future Battlefields

• Global defense spending is projected to exceed $2 trillion, with the US alone pledging $1.5 trillion towards new and emerging defense technologies.
• The focus of this arms race is on mastering drones, hypersonic weapons, artificial intelligence, and other advanced technologies that are expected to dominate future battlefields.
• Defense companies globally have seen dramatic share price increases since Russia's invasion of Ukraine in February 2022, reflecting the increased investment and demand in the sector.

Global defense spending is surging past $2 trillion, driven by a race to master advanced military technologies like drones, hypersonic weapons, and AI. This massive spending spree, particularly by the US and other rich nations, is leading to explosive growth in defense company shares across three continents.