The world is racked with conflict these days: The war in Syria is in its fourth year; a recent and much-touted ceasefire in Ukraine ended almost as soon as it began. And there are plenty of ambitious emerging countries that are sprinting to raise their military status: China, India, Russia, the United Arab Emirates and Saudi Arabia are in the midst of military modernizations. Just this week, India approved $8 billion in spending on a new submarine fleet. But as a new report from the consulting firm Deloitte demonstrates, this doesn’t translate to better times for the global defense industry …read more
Source: Business Insider
