An Industry Under Siege: How Much Defense is Enough?
September 2013 – In 2013, governments and defense agencies — from the US to China to the euro zone — are being asked to justify defense spending against a broad range of domestic priorities. Domestic demands for austerity and social investment are eroding previous commitment to high levels of defense spending by many nations. Defense is still the first priority of many governments; however, it is becoming more difficult for the armed services and industry to plan in this budgetary environment.

