The modern global defense industry is one of the most profitable in the world. The United States is the leader for military expenditures, comprising 38% of the total world defense spending. But other countries including China, India, Russia, and Saudi Arabia are major big spenders. All in all, the global defense industry will reach $2.1 trillion in 2023.
Lockheed Martin (based in Maryland) is the largest defense contractor in the world, employing 110,000 people. In addition to Lockheed and other American companies, international firms like Almaz-Antey, Leonardo, BAE Systems, and Airbus also design and manufacture some of the most cutting-edge military tech on the market.
Kiplinger put together a list of some of the most amazing advances in military technology so far, including self-steering bullets, unmanned submarines, laser cannons, plasma protection fields, invisibility, extra-stealth bombers, and satellite meters. Military.com also revealed that there is a chance that robots/artificial intelligence could even join human military squads. Read on to see some of the most expensive military vehicles travailing the world’s seas, land and skies.