Forecast International

BEIJING -- The Chinese government may continue with its series of defense spending increases. China's defense budget in 2019 could reach 1.2 trillion yuan ($179 billion). Beijing will release its defense budget figure in early March.

This spending funds China's massive military modernization program. The 2019 defense budget could increase by 8-9 percent over 2018. The 2018 China defense budget was 1.11 trillion yuan, an 8.1 percent increase over the 2017 spending level.

China could complete its military modernization program in 2035.

Source: Global Times
Associated URL: https://tucson.com/business/raytheon-to-turn-glide-bomb-into-cruise-missile-for-navy/article_b86cdabd-41fe-5bab-aecf-6ef985f79703.html

NOTICE TO USERS

Warranty: Forecast International makes no guarantees as to the veracity or accuracy of the information provided. It warrants only that the information, which has been obtained from multiple sources, has been researched and screened to the best of the ability of our staff within the limited time constraints. Forecast International encourages all clients to use multiple sources of information and to conduct their own research on source data prior to making important decisions. All URLs listed were active as of the time the information was recorded. Some hyperlinks may have become inactive since the time of publication.

Technical Support: Phone (203)426-0800 e-mail support@forecastinternational.com

Subscription Information: Phone (203)426-0800 or (800)451-4975; FAX (203)426-0223 (USA) or e-mail sales@forecastinternational.com

Aerospace/Defense News Highlights is published by Forecast International, 75 Glen Rd, Suite 302 Sandy Hook, CT 06482 USA. Articles that list Forecast International as the source are Copyrighted © 2024. Reproduction in any form, or transmission by electronic or other means, is prohibited without prior approval from the publisher.

Forecast International welcomes comments and suggestions regarding its material.
Please send any feedback to: info@forecastinternational.com