Weapons trade booms as profits hit record $531bn in 2020
Dec 6, 2021 · Sales of weapons and military services by the world’s 100 biggest arms companies reached a record $531bn in 2020, an increase of 1.3 per cent in real terms compared with the previous year,...
U.S. moves to expedite arms sales as demand surges. - Forbes
Oct 6, 2023 · The Biden administration is determined to lock in U.S. dominance of the global arms market at the expense of Russia and China.
US remains top arms exporter and grows market share - BBC
14 March 2021. PA Media. The US has increased its global share of arms exports to 37% during the last five years, according to a Sweden-based research institute. Increased exports by the US,...
US arms exports hit record high in fiscal 2023 | Reuters
Jan 29, 2024 · Arms sales and transfers are viewed as "important U.S. foreign policy tools with potential long-term implications for regional and global security," the State Department said in a statement.
US weapons exports up 50 percent in 2023 as Washington …
Jan 29, 2024 · The U.S. brokered $81 billion in new foreign military sales last year, mainly to Europe and Asia, as Russia's invasion of Ukraine spurred demand for state-of-the-art weapons. The State Department...
NATO Calls For Arms Industry Cooperation, U.S. Companies Could ... - Forbes
Jul 24, 2024 · In 2023, Özyurt Arms Industry Inc. exported weapons and ammunition to over 100 countries. Among these weapons the Asi-21 model, based on the Kalashnikov, holds the title of the first ever...
Arms sales of SIPRI Top 100 arms companies grow despite supply …
Dec 5, 2022 · The Stockholm International Peace Research Institute (SIPRI) reports that the 100 largest arms companies sold $592 billion in 2021, a 1.9 per cent increase from 2020. The US, Europe and Asia dominate the industry, while Russia faces disruptions due to the Ukraine war.
Pentagon: US arms industry struggling to keep up with China
Dec 3, 2023 · SIMI VALLEY, Calif. — America’s defense industry is struggling to achieve the kind of speed and responsiveness to stay ahead in a high-tech arms race with competitors such as China, an unreleased...
The combined arms sales of the world’s largest arms-producing and military services companies were $592 billion in 2021, an increase of 1.9 per cent in real terms. The fact sheet analyses the regional trends, supply chain challenges and Covid-19 impacts on the arms industry.
Middle East War Adds to Surge in International Arms Sales
Oct 17, 2023 · The conflict between Israel and Hamas is just the latest impetus behind a boom in international arms sales that is bolstering profits and weapons-making capacity among American suppliers.