South Korea’s plans to boost military spending over the next five years has already proven a boon to its defense industry. Share prices of local weapons manufacturers, including Hanwha, Korea Aerospace and others, have seen their share prices jump up to 30 percent since Seoul released its defense white paper this summer. The current tension on the Korean Peninsula is seen as motivating such spending.
Japan’s military has asked for an eighth straight annual increase in defense spending to help pay for US-made interceptor missiles, stealth fighters, and other equipment it wants to counter threats from its neighbors.
Iran’s ambassador to the United Nations said foreign forces are causing insecurity and instability in the Strait of Hormuz with their military presence in the strategic sea passage, stressing the responsibility rests with Persian Gulf littoral states to ensure the water body’s security.
UK’s dependence on the US as the military-power-in-charge continues to grow, as a new report reveals the size of Britain’s armed forces has fallen for the ninth consecutive year. The Army, the RAF and the Royal Navy have all seen a decline in the number of fully-trained personnel - with the Army experiencing the biggest fall, new Ministry of Defence figures showed.
The US military, with the assistance of Israel, Saudi Arabia and terrorist groups in the Middle East, is seeking to tear Syria apart, as it maintains its illegal presence in the war-torn country, a former US Senate candidate says.
Sudan's ruling military council and the pro-democracy movement signed a document on Wednesday that outlines a power-sharing deal, but the two sides are still at work on a more contentious constitutional agreement that would specify the division of powers.