Currently: PAT an ANT among ElephantsAccording to data compiled by Strategic Defence Intelligence, the U.S. spent over USD 639 Billion in 2018 for its defense budget. By 2023, the U.S. defense expenditure is expected to grow to approximately USD 742 Billion while growing at a CAGR of 1.98% during the forecast period. As a percentage of GDP, the U.S.'s defense expenditure is expected to be approximately 3.1% during the same period. The country will look to spend most of its budget in efforts to retain its military supremacy and replace outdated and worn-out weapons used in the Iraq and Afghanistan wars. U.S. expenditures could also increase due to the ongoing political tensions in the Middle East. While the United States holds the largest budget for defense technology, it is also the largest exporter of defense equipment in the world. The U.S. are also expected to continue to remain the largest importers due to increased defense budgets in allied countries such as Saudi Arabia, UAE, Turkey, India, South Korea, Singapore, the UK and Japan. Patriot One Technologies Inc. (OTC: PTOTF), Rockwell Collins, Inc. (NYSE: COL), United Technologies Corp. (NYSE: UTX), Raytheon Company (NYSE: RTN), Harris Corporation (NYSE: HRS) Read more at https://www.stockhouse.com/news/press-releases/2018/11/27/data-projects-the-u-s-defense-budget-to-continue-its-growth#PxsJq5Y1vUmUqmEY.99