Current vision of U.S. and Europe in terms of Defense spending

Globally, one can observe that, nations, countries are working to address potentially significant security challenges from terrorism and extremism.

In U.S., there is a long term momentum driven by the need to continuously enhance capabilities, fostering cutting edge, next generation technologies; led by the LRS-B, JLTV, JMR-FVL, T-X Trainer, JSTARS & AMPV programs; that are likely to drive and spearhead defense spending in the U.S. over medium to long term.

According to Research and Markets, the focus in Europe, however, remains on hardware replacement along with plugging capability gaps while addressing resurgence of conventional threats and potentially significant security challenges from terrorism and extremism.