Top global arms producers’ revenues surge as major wars rage: SIPRI report
Summary
The Stockholm International Peace Research Institute (SIPRI) reported that the world's largest 100 arms companies made $679 billion in 2024 from weapon sales. Wars in Ukraine and Gaza, along with global tensions, contributed to a 5.9% increase in revenue from the previous year. The majority of the revenue growth was seen in companies from the U.S. and Europe.Key Facts
- Global weapon sales reached $679 billion in 2024.
- Tensions and conflicts like those in Gaza and Ukraine drove a 5.9% revenue increase.
- U.S. arms company revenues rose by 3.8%, totaling $334 billion.
- European arms firms increased revenues by 13% to $151 billion.
- SpaceX entered the top military manufacturers with $1.8 billion in arms revenue.
- The Czechoslovak Group saw a 193% revenue surge from artillery shell sales.
- Only two Russian arms companies are listed, with a 23% revenue increase.
- Revenue in Asia and Oceania fell by 1.2% due largely to a 10% decline among Chinese companies.
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