The Age
·general
·1 hour ago
Why Australia’s richest person just made a $140m bet on defence
Australia's richest person Gina Rinehart invested almost $100 million in major U.S. defence contractors including RTX, Northrop Grumman and Lockheed Martin in the first quarter of 2025. Global military spending reached $2.9 trillion in 2025, marking the 11th consecutive year of growth, driven by conflicts in Europe and the Middle East plus elevated Asia tensions.
Summary by Glance · The Age
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