By Ben Aris in Berlin One of the proposals in the US28-point peace plan is that Ukraine reduce its armed forces to 600,000 ...

The United States easily has the biggest air force budget, followed by China. Few countries spend more than $20 billion ...

Germany and the US built some of the largest aircraft in World War II, although many of their designs were unsuccessful.

Revenue fell at AVIC, China's largest arms maker, land-systems producer Norinco and aerospace and missile manufacturer CASC, ...