Europe's military spending surged at a record pace in 2022 -- led by the UK, Germany and France -- with the US continuing to top the list, accounting for nearly 40 percent of global military expenditure, a new study has reveals.

Japan has unveiled its biggest military build-up since World War II with a $320 billion plan to buy missiles capable of striking China, thereby flexing its muscles under the US plan to mobilize against their common foe. 

Major US weapons maker Raytheon gets $985 million Air Force contract to design and develop Hypersonic Attack Cruise Missiles.

Facing a growing threat from China, the US Navy envisions drone ships keeping an electronic eye on enemy forces across the vast Pacific Ocean.

The US military will finally reveal to the public its new B-21 Raider stealth bomber, which has been shrouded in secrecy since it began the project in 2014, an American senator has declared.

While the military regularly receive astronomical funds, matters which have left tens of millions of Americans breathing foul air, drinking tainted water and struggling to pay for food, housing and health care, are effectively ignored.

A senior US military official laments China over producing new weapon systems five to six times faster than the American and at a fraction of the cost, achieving a strategic advantage that Washington cannot afford to ignore.