Global Defense Spending Reaches Record $2.718 Trillion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: PRnewswire
- Surge in Defense Spending: Global defense expenditure reached a record $2.718 trillion in 2024, marking the steepest year-over-year increase since the Cold War, with NATO members contributing $1.506 trillion to accelerate structural consolidation across autonomous weapons platforms and aerospace aftermarket networks, highlighting the urgent need for defense modernization.
- AI Market Growth: The artificial intelligence defense market is projected to expand to $22.75 billion by 2029, driven by advancements in autonomous weapon systems and high-velocity decision logic that compress threat evaluation timelines, thereby enhancing operational efficiency and response speed, crucial for national security.
- Integration Progress: VisionWave Holdings is integrating its acquired qSpeed technology to eliminate decision latency in modern defense systems, enhancing the operational capabilities of platforms like WaveStrike and Argus, ensuring real-time targeting guidance during critical moments, thus bolstering combat effectiveness.
- Strategic Expansion Plans: VisionWave is expanding into Southern Europe through its Solar Drone Ltd. subsidiary, having established distribution agreements in Italy and Spain, and plans to invest up to $10 million over the next 6 to 12 months to accelerate the commercialization of qSpeed, broadening its market reach in defense and energy infrastructure sectors.
Analyst Views on BA
Wall Street analysts forecast BA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BA is 252.43 USD with a low forecast of 150.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
14 Buy
2 Hold
1 Sell
Strong Buy
Current: 244.560
Low
150.00
Averages
252.43
High
285.00
Current: 244.560
Low
150.00
Averages
252.43
High
285.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
