"The annual report by the Stockholm International Peace Research Institute (SIPRI) shows that the top 100 weapons makers in the world - led by those in the United States - brought in a record-setting $679 billion over the course of the year, fueled mainly by the war in Ukraine, Israel's genocidal assault on Gaza, and spending on nuclear weaponry. "Last year global arms revenues reached the highest level ever recorded by SIPRI as producers capitalized on high demand," said Lorenzo Scarazzato, a researcher with the SIPRI Military Expenditure and Arms Production Programme, which has been tracking global arms sales since 1989."
""In 2024," the report explains, "the growing demand for military equipment around the world, primarily linked to rising geopolitical tensions, accelerated the increase in total Top 100 arms revenues seen in 2023. More than three-quarters of companies in the Top 100 (77 companies) increased their arms revenues in 2024, with 42 reporting at least double-digit percentage growth." In 2024, SIPRI noted, "all of the five largest arms companies increased their arms revenues," the first time that has happened since 2018. According to the report, those five companies alone - Lockheed Martin, RTX, Northrup Grumman, BAE Systems, and General Dynamics - accounted for an estimated $215 bil"
Top 100 weapons producers generated a record $679 billion in 2024, the highest since tracking began. U.S. firms accounted for nearly half of that total. Revenue growth was driven mainly by the war in Ukraine, Israel's assault on Gaza, and increased nuclear weapons spending. Demand rose amid escalating geopolitical tensions, accelerating revenue increases that began in 2023. Seventy-seven companies in the Top 100 increased arms revenues in 2024, with 42 reporting double-digit growth. All five largest companies increased revenues, with Lockheed Martin, RTX, Northrop Grumman, BAE Systems, and General Dynamics together responsible for about $215 billion.
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