Wars and rising tensions spark global demand for arms, as sales hit record $632 millionArms sales surged to $632 billion in 2023 due to conflicts and rising global tensions, indicating a rise expected to continue into 2024.
SIPRI: Weapons trade booming worldwide, especially in Russia DW 12/02/2024The global demand for weapons has surged, particularly due to the wars in Ukraine and Gaza, culminating in a 4.2% revenue increase for top arms producers.
SIPRI: Weapons trade booming worldwide, especially in Russia DW 12/02/2024Increased global arms production revenue in 2023 is significantly driven by ongoing conflicts in Ukraine and Gaza.