China Biggest Driver Of U.S. Defense Spending Surge: TD Cowen

The U.S. is ramping up its defense spending with an eye on China, which aims to boost its nuclear arsenal from 400 to 1,500 by 2035, the Pentagon says.

Credit: Yandong Liu/Alamy Stock Photo
Concerns about China are driving a projected surge in U.S. defense spending over the next four years, both in conventional and nuclear weapons, according to a recent report by investment bank TD Cowen. TD Cowen estimates that the Pentagon’s spending on a group of roughly 30 major weapons and...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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