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Global arms trade increased: top 5 US companies

2019-12-09T07:01:16.911Z

The global arms trade of the hundred largest companies increased by 4.6 percent in 2018 to 420 billion dollars (more than 379 billion euros). The Swedish research agency SIPRI reports this on Monday. Companies from the United States dominate the top 100, with a total amount of $ 246 billion.



The global arms trade of the hundred largest companies increased by 4.6 percent in 2018 to 420 billion dollars (more than 379 billion euros). The Swedish research agency SIPRI reports this on Monday. Companies from the United States dominate the top 100, with a total amount of $ 246 billion.

Since 2002, when SIPRI first published on the arms trade, trade has increased by as much as 46 percent.

For the first time since 2002, all companies from the top 5 are from the US. These are Boeing, Lockheed Martin, Northrop Grumman, Raytheon and General Dynamics, who together sold $ 148 billion in weapons. That is 35 percent of the total.

According to SIPRI, American companies are preparing for the weapons programs that President Donald Trump announced in 2017. That is why many companies are merging, so that they will soon have a better chance of winning government contracts.

China was not included in the investigation due to the lack of information about the arms trade of companies from the country.

The sales of Russian companies have remained virtually stable, with a slight decrease from 0.4 percent to more than 36 billion dollars in 2018. The top 100 includes 27 companies from Europe, which together account for 102 billion dollars. French companies show a slight growth, while companies from the United Kingdom and Germany show a small decline.

Source: nunl

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