Key Market Indicators
British defence expenditure is projected to climb to $72.2 billion by 2028, up from $69.1 billion in 2023. This marks a steady annual growth rate of 0.7%. Since 1965, the UK's defence spending has surged by an average of 4.4% each year. In 2023, Britain ranked as the world's sixth-largest defence spender. Saudi Arabia surpassed the UK with a defence budget of $69.1 billion. Topping the list were China, Russia, and India, holding the second, third, and fourth positions respectively.
Latest reports

Defense in United Kingdom - 2024 Q4
The fourth quarter of 2024 sees the United Kingdom's defense sector navigating significant transformations driven by technological advancements, geopolitical shifts, and strategic collaborations....