The defense industry is one of the most profitable trades in the world. In America alone, the total sales from the defense sector comprises $389 billion, with companies like Lockheed Martin taking the lead. Globally, it boasts profits of over $760 billion. A huge part of that revenue comes from aerospace technology.
The profitability and sheer value of the defense industry is remarkable, especially when you consider the fact that it is far younger than other industries. The US Army Signal Corps bought the first warplane in 1909 when they purchased a Wright Model A for $30,000. A century later, the US defense budget is $686.1 billion.
When it comes to pure military technological power, America’s armed forces are second to none. The U.S. government has invested billions in researching, developing and perfecting America’s arsenal with the latest advanced tech. Much of this money is spent on tanks, ships and aircrafts – all to further America’s advances in technology and power. These vehicles are some of the most expensive in the world, and you are about to find out why.