Senior Airman Daniel Stehley, of the 20th Equipment Maintenance Squadron munitions flight, spray paints build codes on inert guided bomb units after helping assemble each weapon at Shaw Air Force Base, S.C., on Feb. 27, 2012. Senior Airman Kenny Holston, U.S. Air Force
CNBC: Global defense spending to reach levels not seen since end of Cold War, says report
* Worldwide defense spending is forecast to rise 3.3 percent in 2018 from this year, or the fastest growth rate in a decade, says IHS Jane's in new report.
* It said the jump in global defense spending is due in large part to a potential 4.7 percent rise in the U.S. military spending next year.
* The region with the fastest-growing defense spending is Eastern Europe, reflecting Baltic states' worries about Russia's military activities.
* Russia's annual military spending remains below its 2015 peak and is forecast to drop 8 percent in 2018 while China's jumps about 6 percent.
Global defense spending is forecast to reach $1.67 trillion in 2018, the highest level since the end of Cold War, according to a defense study released Monday.
IHS Markit's Jane's Defence Budgets Report forecasts annual global defense spending would represent a 3.3 percent increase over 2017, or the fastest growth rate in a decade.
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Update #1: Arms budgets to hit highs not seen since Cold War (The Telegraph)
Update #2: 2018 Global defense spending to hit post-Cold War high of $1.67 trillion (The Jerusalem Post)
Update #3:Locked and Loaded: Global Defense Spending Hits Record $1.62 Trillion - Report (Sputnik)
WNU Editor: And that number does not include other expenses .... homeland security, intelligence networks, etc..
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