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...
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