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Russia’s full-scale invasion of Ukraine triggered a massive increase in global defense procurement. In January 2022, shortly before the escalation, Aviation Week Intelligence Network analysts forecast $4.2 trillion in military spending worldwide for 2022-30. Aviation Week’s latest forecast estimates $6.1 trillion in spending over that period, a 45% increase from the pre-2022 projection. The largest uptick is in Europe, where projected procurement rose 142% to $1.92 trillion from $791 billion. The projection for military spending in North America is up 27% to $1.98 trillion, and in the Asia-Pacific it is up 14% to $1.56 trillion. The updated forecast was presented in mid-March by Craig Caffrey, director for defense data and analysis, at Aviation Week’s Defense Conference in Washington.