SIPRI: Sales in weapons surge; show no signs of slowing

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The world’s 100 largest weapons producers and military contractors saw another boost in global sales last year, with total sales of $420 billion (€379 billion) — some 4.6% higher than in 2017.

2018 sales were even a whole 47% above those of 2002, according to a new study by the Stockholm International Peace Research Institute (SIPRI) on the global weapons industry. Because of the lack of reliable data, the study did not include China. […]

US in front

The study shows that the world’s 10 largest arms companies increased their market share by 5.8% to $210 billion. For the first time since 2002, the five biggest armaments manufacturers were once again all from the United States, making up 35% of the sales of the world’s 100 largest arms companies. […]

UK doing good business

Twenty-seven of the biggest armaments companies worldwide come from Europe, with the leaders in Western Europe based in the United Kingdom and France. The biggest British player is the mega-corporation BAE Systems, which employs more than 83,000 workers.

Russia catching up

Russian companies had a turnover of $36.2 billion, thus making up 8.6% of worldwide weapons production. […]

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