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& # 39; The world’s largest 100 arms producers saw a 4.6 percent increase in global sales last year

& # 39; The world's largest 100 arms producers saw a 4.6 percent increase in revenues to £ 319 billion last year, with US companies making the biggest gains

  • American Lockheed Martin, based in North Bethesda, Maryland, achieved first place
  • British companies achieved a turnover of £ 26.7 billion with BAE Systems in first place
  • Twenty-seven companies in Europe with the most important players in the United Kingdom and France

& # 39; The world's largest arms producers saw an increase in worldwide sales with American companies in front last year.

The top 100 arms producers and military contractors saw a total turnover of £ 319 billion, an increase of 4.6 percent compared to 2017.

And revenue for 2018 was 47 percent higher than that of 2002, according to the release today by the Stockholm International Peace Research Institute in Sweden.

The peak in sales came largely from the five largest US arms companies and accounted for 35 percent of the sales of the 100 global companies.

Top 100 arms producers and military contractors saw a total turnover of £ 319 billion, an increase of 4.6 percent compared to 2017. On the photo: Norwegian sniper in Austria

Top 100 arms producers and military contractors saw a total turnover of £ 319 billion, an increase of 4.6 percent compared to 2017. On the photo: Norwegian sniper in Austria

US defense company Lockheed Martin, based in North Bethesda, Maryland, was in first place in the list of companies and represented 11 percent of sales in the 100 companies.

The American company Boeing was the second largest company with sales of £ 22.2 billion with the Trump administration, quoted in the report, stating that sales growth was largely the result of an & # 39; inter-state strategic competition & # 39 ;.

However, a number of arms companies underwent mergers and acquisitions in 2017, which resulted in an increase in sales the following year.

& # 39; [This] indicates that US arms companies expect the program to be technically challenging & # 39 ;, according to the SIPRI DW.

The revenue growth was largely due to the F-35 fighter jet designed to defeat the most advanced threat systems on the ground and to maintain air superiority.

Lockheed Martin F-35 Lightning II fifth generation fighter aircraft perform a demonstration flight during the Dubai Airshow 2019

Lockheed Martin F-35 Lightning II fifth generation fighter aircraft perform a demonstration flight during the Dubai Airshow 2019

Lockheed Martin F-35 Lightning II fifth generation fighter aircraft perform a demonstration flight during the Dubai Airshow 2019

European companies also experienced a revenue increase of 0.7 percent and sold £ 77.5 billion in weapons and military equipment in 2018.

Among the top 100 companies are 27 companies based in Europe with the main players in the UK and France.

Top ten largest arms companies in 2018

1. Lockheed Martin – US – £ 35.9 million

2. Boeing – US – £ 22.1 million

3. Northrop Grumman – US – £ 19.9 million

4. Raytheon – US – £ 17.8 million

5. Overall dynamics – US – £ 16.7 million

6. BAE Systems – UK – £ 16.1 million

7. Airbus – Europe – £ 8.8 million

8. Leonardo – Italy – £ 7.5 million

9. Almaz-Antey – Russia – £ 7.3 million

10. Thales – France – £ 7.2 million

The largest British arms company is BAE Systems with its headquarters in Farnborough, Hampshire, and has 83,000 employees.

British companies had a turnover of £ 26.7 billion, while German companies reported a 3.8 percent decrease in their share in the international arms industry with a turnover of £ 6.4 billion.

French companies came in second in the UK with a turnover of £ 17.6 billion

Russian companies, however, saw a 0.4 percent drop in sales from a total of £ 27.5 billion.

Due to the lack of reliable data, China was not included in the study, but Russian companies had healthy sales of £ 27.5 billion, accounting for 8.6 percent of global production.

The study said that Russia's continued growth since 2009, despite a setback in 2018, was due to increased spending on arms acquisition linked to a military modernization plan for 2011 to 2020.

The remaining arms manufacturers came from eight countries with a turnover of £ 27.5 billion.

Countries were Israel, India, South Korea, Japan, Turkey, Australia, Canada and Singapore.

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