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Currently, the world's most lucrative industry is the defense sector. With its 38 percent share of global defense spending, the United States leads the world in military spending. However, other nations that make significant purchases include Saudi Arabia, China, India, and Russia. The total estimated value of the global military sector by 2023 is $2.1 trillion.
With 110,000 employees, Maryland-based Lockheed Martin is the largest defense contractor globally. Some of the most advanced military technology available is designed and produced by foreign corporations such as Almaz-Antey, Leonardo, BAE Systems, and Airbus, in addition to Lockheed and other American enterprises.
The most astounding military technological advancements to date, according to Kiplinger, include laser cannons, self-steering bullets, unmanned submarines, invisibility, extra-stealth bombers, and satellite meters. Additionally, according to Military.com, there's a possibility that artificial intelligence and robotics will eventually join human military units. See some of the priciest military vehicles operating in the world's air, land, and seas by reading on.
