The Execution Gap: Record Budgets, Structural Bottlenecks, and the Capital Reallocation Reshaping Aerospace for the Next Decade Andy Demir | April 2026 Strategic Intelligence Report | Investor-Grade Analysis | C-Suite Briefing The Industry That Cannot Deliver What It Promises Global military aviation has never been better funded. It has never been more constrained. World military expenditure reached $2.718 trillion in 2024, a 9.4 percent increase in real terms and the steepest year-on-year rise since at least 1988 (SIPRI Military Expenditure Database, April 2025). NATO members collectively spent $1.506 trillion, 55 percent of global military expenditure. The combined arms revenues of the SIPRI Top 100 companies surged 5.9 percent to a record $679 billion. Aviation Week projects the military aircraft market at over $2.7 trillion over the next decade (Aviation Week Network, 2026 Military Fleet & MRO Forecast, January 2026). Yet the ind...