Stockholm International Peace Research Institute

Money Moves

As of May 2026: Publisher of the most widely cited annual military spending dataset

Europe's defense budgets jumped 14% last year to $864 billion, the steepest annual rise since the Cold War. Germany alone added 24%, reaching $114 billion and overtaking every other European spender.

Updated May 31

New Capabilities

As of May 2026: Tracks international defense exports and military spending

India's Defence Acquisition Council approved an $8.7 billion arms package from Israel in January 2026, headlined by 1,000 SPICE-1000 precision bomb kits (125-kilometer range, GPS-jammed capable), air-to-air missiles, loitering munitions, radars, and networked command systems. India is also acquiring Air LORA missiles (400 kilometers), Ice Breaker missiles (300 kilometers), and Rampage missiles with full technology transfer for domestic production. The purchase makes India Israel's largest defense customer, now accounting for 34% of Israeli arms exports from 2020-2024.

Updated May 19