Decryption

World military spending: a record increase

Audio 7:30 p.m.

Ukrainian soldiers near kyiv, April 2, 2022. AP - Vadim Ghirda

By: Anne Corpet Follow

1 min

The largest international land defense and security exhibition opened its doors this morning in Villepinte, northeast of Paris.

More than 1,800 exhibitors are gathered to present their tanks, armored vehicles, assault rifles, ammunition of all calibers, helicopters, missiles, robots and drones.

So many weapons deployed en masse on Ukrainian soil.

A booming market.

For the first time in 2021, arms spending worldwide exceeded $2 trillion.

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Since the invasion of Ukraine by Russia, European countries have realized that defense and security are one of the weaknesses of the EU.

And they are lining up today to beef up their military spending to 2% of their GDP.

Who will benefit from this windfall?

Which armaments should be preferred?

Will Europe manage to unite around a common production?

Today, Decryption on the lucrative defense market.

With

:

- Sylvie Matelly

, economist and deputy director of the

- Lucie Béraud-Sudreau,

director of the research program “Military spending and the arms industry” at the

.

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