Tweet
"Global military spending rose 4% in 2008 to a record $1,464bn (£914bn) - up 45% since 1999, according to the Stockholm-based peace institute Sipri.
In contrast with civilian aerospace and airlines, the defence industry remains healthy.
"The global financial crisis has yet to have an impact on major arms companies' revenues, profits and order backlogs," Sipri said.
Peace-keeping operations - which also benefit defence firms - rose 11%.
Missions were launched in trouble spots such as Darfur and the Democratic Republic of the Congo.
"Another record was set, with the total of international peace operation personnel reaching 187,586," said Sipri, or Stockholm International Peace Research Institute.
[...]
http://news.bbc.co.uk/2/hi/business/8086117.stm
In contrast with civilian aerospace and airlines, the defence industry remains healthy.
"The global financial crisis has yet to have an impact on major arms companies' revenues, profits and order backlogs," Sipri said.
Peace-keeping operations - which also benefit defence firms - rose 11%.
Missions were launched in trouble spots such as Darfur and the Democratic Republic of the Congo.
"Another record was set, with the total of international peace operation personnel reaching 187,586," said Sipri, or Stockholm International Peace Research Institute.
[...]
http://news.bbc.co.uk/2/hi/business/8086117.stm