The Lockheed Martin F-35A is on the shopping list of Japan and Singapore. Arms spending in Asia is spiking, but the US military budget still outstrips the next 10 countries's budget combined - EPA Photo.
LONDON: Fuelled by growing strains in Middle East and Asia, global defense spending looks set to rise in 2014 for the first time since the 2008 financial crisis.
A study of the world's top 100 arms companies by the Stockholm International Peace Research Institute (SIPRI) this month showed their total arms sales for 2012 falling 4.2% from the previous year to US$395bil, their second annual fall.
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