, 2022-12-17 20:33:41,
In this piece, we will take a look at the 15 most advanced countries in military technology. For more countries, head on over to 5 Most Advanced Countries in Military Technology.
Military technology, or the use of technology for the brutal art of warfare, is one of the oldest domains in human history. From the caveman using a simple spear to today’s high end stealth fighter jets and drones, this field has continuously evolved and is a primary contributor to the ability of armed forces to see the tide of war turn in their favor.
In terms of monetary value, defense items are among the most expensive in the world. The U.S.’ crown jewel fighter jet, the F-22 Raptor, costs the USAF a cool $120 million to purchase exclusive of development costs and more than $68,000 (higher than the average U.S. income) to operate per hour. The industry itself stood at $474 billion last year and will grow to $513 billion this year with a compounded annual growth rate (CAGR) of 8.2%. Top American firms, which are also the leading players globally, which manufacturer hypersonics, fighter aircraft, and atom bombs are Lockheed Martin Corporation (NYSE:LMT), Northrop Grumman Corporation (NYSE:NOC), Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), and The Boeing Company (NYSE:BA).
Out of these, Lockheed is the most versatile, as it is involved in making hypersonic vehicles, nuclear weapons, and the leading fighter aircraft in the world. Its F-22 Raptor is the world’s oldest fighter jet. However, Northrop…
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