In this insightful discussion, William Hartung, Siemon Wezeman, and Dr. Marcus Hellyer dissect the staggering cost of the global arms industry, which hit over $2.44 trillion. They delve into U.S. military spending, particularly the financial implications of aid directed towards Israel and military operations in Ukraine. The conversation highlights Australia’s role as both an arms importer and exporter, examining its reliance on international defense firms and the evolving landscape of global arms trade amidst rising military budgets worldwide.