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looking beyond borders

foreign policy and global economy

Global Arms Industry: First Rise In Arms Sales Since 2010, Says SIPRI

F-16 jet being re-fuelled mid-air. Photo courtesy U.S. Department of Defense

Sales of arms and military services by the world’s largest arms-producing and military services companies—the SIPRI Top 100—totalled $374.8 billion in 2016. The total for the SIPRI Top 100 in 2016 is 1.9 per cent higher compared with 2015 and represents an increase of 38 per cent since 2002 (when SIPRI began reporting corporate arms sales). This is the first year of growth in SIPRI Top 100 arms sales after five consecutive years of decline.

Read Here – SIPRI

See Fact Sheet Here

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