Chinese media is also boosting coverage of the big parade next week, where the military is set to showcase its anti-ship missiles, combat drones and nuclear capable ballistic missiles. We're talking about September 3rd. That is the day.But we're looking at what we've been seeing here, satellite imagery that was taken, I think, earlier this month. And this one is of a staging area just outside of Beijing. And really among the weapons that are visible appear to be attack and reconnaissance drones.That's accor ...

North Korean leader Kim Jong Un oversaw a test of new air defense missiles on Saturday, adding to his regime’s push to bolster its military capabilities that have ramped up tensions in the Korean Peninsula https://t.co/zj8AgWk915 ...

Government Initiatives - Italian Prime Minister Giorgia Meloni requests defense and transport companies to develop spending plans for upcoming funds [1] Industry Focus - The funds are part of Europe's effort to enhance military capabilities [1]

UK Defense Spending & Capability - UK government will begin the biggest sustained increase in defense spending since the end of the Cold War [1] - The British army's combat power is much less than it has been [1] - The army is at its smallest size since the Napoleonic era, losing more people than it's recruiting [2] - Security experts believe Britain is incapable of defending itself against a ballistic missile attack [4] - There is a significant gap between Britain's rhetoric/reputation and its actual military capabilities [5] Financial Constraints & Political Challenges - Voters want more security and greater defense spending, but don't necessarily want to pay for it [4] - Since 1955, there's been a correlation between the UK's ballooning health and welfare bill and cuts to defense spending [10] - In the 50s, defense spending was at 7-1/2% of GDP and health spending at around 3% of GDP; those percentages are almost flipped now [11] - Raising defense spending to 5% of GDP will add 350 billion pounds to the level of government debt by 2032 [19] - By 2030, upping the NATO target to 5% would mean an extra 87 billion pounds worth of spending on defense [18] Strategic Considerations & Industry Impact - The current target strength is 72,000 personnel, but available strength is around 55,000 [6][7] - Defense spending will now rise to 2-3/5% of GDP by April 2027, including the contribution of intelligence agencies [17] - Focus expenditure on investments in this country, not importing from the US, to provide a domestic boost to the economy [23] - Military spending focused on research and development could lift UK productivity [23] - Industry needs commitments from the UK government or allied governments to know exactly what they need to make [26]