Defence and Aerospace ETFs Surge in 2024–2025

Global defence spending has jumped in recent years, driven by wars and renewed NATO commitments. SIPRI reports world military budgets hit a record $2,718 billion in 2024 (up 9.4% from 2023). Europe (including Russia) saw a 17% rise to $693 billion, with Germany’s budget up 28% to $88.5 billion. EU member states together spent about €326 billion in 2024 …