World military spending grew 45 percent in the past decade, with the United States accounting for nearly half of all expenditures, the Stockholm International Peace Research Institute (SIPRI) said Monday.
Military spending grew six percent last year alone, according to SIPRI’s annual report.
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For their part, Hezbollah’s leaders remain coy on specifics, but have not disputed the characterization that their capabilities are greater than prewar levels. In mid-2007, Nasrallah said his militia has missiles “able to hit every point in occupied Palestine.” Still, finding independent sources on Hezbollah has proven difficult. Western military assessments tend to agree that [...]

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The latest figures released by the Stockholm International Peace Research Institute show a precipitous decline in the volume of Russian weapons sales to the Chinese military. Although Beijing remains the single largest recipient of Russian arms, the figures show a 63 percent decrease in the value of major Russian weapons deliveries to China, which is [...]

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A leading arms expert said Thursday that China is making dramatic improvements to its nuclear arsenal, raising questions for future arms control efforts.
Recent upgrades have increased the accuracy and mobility of China’s arsenal, while a switch from liquid to solid fuel has shortened reaction times, said Bates Gill, director of the Stockholm International Peace Research [...]

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Why nations are suddenly locked in an arms race unseen since the early days of the Cold War
But the exercise highlighted an alarming new reality. With much less fanfare than the early days of the Cold War, the world is entering a new arms race, and with it, a dangerous new web of military relationships. [...]

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