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Europe’s rearmament push drives global military spending to record $2.9 trillion despite U.S. pullback

Posted on April 27, 2026
By CNBC
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1 min read

Europe’s rearmament push drives global military spending to record $2.9 trillion despite U.S. pullback

Global military spending rose for an 11th straight year to a record $2.89 trillion in 2025, driven by Europe’s rearmament push, even as U.S. outlays declined.