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Top global arms producers’ revenues surge as major wars rage: SIPRI report
Aljazeera.com and 2 more
- Global arms revenues hit a record $679 billion in 2024, up 5.9% year-on-year, driven by sustained demand amid major conflicts including Gaza and Ukraine.
- The US remains the dominant hub, with 39 of the top 100 firms American and collectively close to half of global arms sales.
- European producers posted notable gains, with Germany among the leaders, signaling a regional shift toward higher defense spending.
- Rheinmetall and Diehl benefited from heightened orders for tanks, ammunition, and air defenses as European defense buildup accelerates.
- Asia shows a regional dip, with Chinese firms dragging down totals despite Japan and South Korea posting gains.
- The Middle East region enters SIPRI’s top tier, reflecting rising demand for drones and air defense systems.
- Top US players—Lockheed Martin, RTX, Northrop Grumman, BAE Systems, and General Dynamics—continue to shape global rankings.
- Nine Middle East firms join the top 100, collectively reaching about $31 billion in 2024 amid regional conflicts.
- Israel’s arms sector remains prominent, led by Elbit Systems and supported by IAI and Rafael, amid ongoing regional tensions.
- Czechia’s Czechoslovak Group posted the sharpest percentage rise, underscoring a broader diversification in Europe’s arms sector.
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