"This is according to a report by the Stockholm International Peace Research Institute (SIPRI) on the 100 most important arms manufacturers worldwide. Their revenues from the sale of weapons and military services amounted to $679 billion (582 billion) last year. This represents an inflation-adjusted increase of 5.9% compared to 2023. Even then, increasing geopolitical tensions and, above all, the war in Ukraine had led to increased demand for arms. In 2024, this trend accelerated even further."
"Of the 100 companies listed, 39 are based in the US, by far the leading country. These 39 companies account for just under half of global arms sales revenue. However, their growth rate of 3.8% is still relatively modest. The situation is different for the 26 European companies (excluding Russia). Taken together, they have seen a 13% increase in revenue."
""It's almost all linked to Russia's invasion of Ukraine," said Nan Tian. "There has been an increase in demand from the German armed forces. Whether it's Rheinmetall or Diehl, building tanks, armored personnel carriers, ammunition, of course, for the German armed forces to replenish what they've sent to Ukraine as military aid, but also to expand their number of tanks, infantry fighting vehicles, etc.""
Global revenues from weapons and military services reached $679 billion in 2024, an inflation-adjusted increase of 5.9% from 2023. Rising geopolitical tensions and the war in Ukraine intensified demand, prompting procurement of new equipment, restocking of supplies, and replacement of destroyed materiel. Among the top 100 manufacturers, 39 US firms account for just under half of sales but posted modest 3.8% growth. Twenty-six European firms (excluding Russia) collectively grew 13%, with German companies expanding about 36% as armed forces replenish aid to Ukraine and expand tank, infantry fighting vehicle, and ammunition stocks.
Read at www.dw.com
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