Arms Production Program News Today

Global military spending hit record highs of $2443 billion in 2023, according to the Stockholm International Peace Research Institute, due to wars.

Global military spending reached the highest levels ever recorded amid two wars and concerns about expanding conflict in regions around the world.

Global military expenditures hit an all-time high at $2.44 trillion in 2023, up 6.8 percent from the previous year, amid Russia's invasion of Ukraine, crises in the Middle East and China's military buildup, an international security think tank

The US was by far the largest military spender at $916 billion in 2023, up 2.3 percent compared to the previous year.

The Stockholm International Peace Research Institute (SIPRI), released its annual ranking, for 2022, of the world’s top 100 arms producers and military services providers. The Israeli firms Elbit Systems, IAI, and Rafael all moved up on the list. (The rankings include activities from after the Russian invasion of Ukraine in February 2022.) To no one’s […]

The top 100 global companies in the arms goods and services industry actually saw their revenues decrease last year as conflicts and weapons demand soared. How come?

According to the AP news agency, citing the Stockholm Peace Research Institute (SIPRI), Western arms companies could not cope with the volume of orders

An independent watchdog says many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment. Labor shortages, soaring costs and supply chain disruptions were exacerbated by Russia’s invasion of Ukraine, according to the Stockholm International Peace Research Institute, or SIPRI. It said the arms revenue of the world’s 100 largest arms-producing and military services companies last year was $597 billion — a...

Top 100 arms companies with $597 billion in sales. 51 percent of which were U.S. companies. Sales figure during 2022 was 3.5% lower than in 2021. Decline was mainly due to lower arms revenues among major companies in the United States. Revenues increased significantly in Asia, Oceania and the Middle East, report says.. pending orders and an increase in new contracts suggest that global arms revenues could rise significantly in the next few years, SIPRI says.

An independent watchdog says many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment. Labor shortages, soaring costs