ANALYSIS: 'Great Power' friction to inflate 2020 military budgets

Chilling relations between the USA, China and Russia are forecast to push military spending higher in 2020, continuing a trend that bodes well for the aerospace industry. Total defence spending is estimated to grow 3-4% next year to $1.9 trillion worldwide, with funds primarily spent on modernising and replacing aging military equipment, according to a report released in recent days by consultancy Deloitte.

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