The global weapons industry and what it's worth

The continuing wars in Ukraine and the Middle East have horrified
the world with the loss of life and devastation, raising the
question, what's the cost of weaponry? World military expenditure
surpassed $US2.44 trillion for the first time in 2022. 


Latest available figures show at $US916 billion, the US spends
the most and it's also the world's largest exporter of weapons.
Also US spending on Israel's military operations and related US
operations in the Middle East this year total $22.76 billion, and
that is only a partial figure. So how are some of these sums
broken down?


Guests:


William Halsortung, Senior Research Fellow at the Quincy
Institute for Responsible Statecraft, and author of Prophets of
War: Lockheed Martin and the Making of the Military Industrial
Complex

Siemon Wezeman, Senior Researcher in SIPRI's Arms Transfers
Program. (Stockholm's International Peace Research Institute)

Dr Marcus Hellyer, Head of Research at Strategic Analysis
Australia