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Recapping Global Defense Spending for 2017, Eyeing Future Growth

The first annual Global Defense Snapshot by Forecast International's International Military Market (IMM) group indicates continued growth in the worldwide market following relatively flat investment over the course of the 2015-2016 period. An increasingly multi-polar global security environment buffeted by healthy economies and ongoing military modernization cycles contributed to a 3.3 percent year-on-year rise in consolidated worldwide defense spending for 2017.

As the market shifts into 2018 and the years ahead, Forecast International anticipates accelerating spending growth as geopolitical pressure points and future threats reinforce government investment in military and security requirements. For full details, please download the FREE Global Defense Spending Snapshot white paper.

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