SIPRI: Weapons boom shows no signs of slowing

Armaments production worldwide is continuing full speed ahead. According to a new study by a Swedish think tank, the 100 biggest weapons companies have once again increased their sales, with the US leading the way.

The world’s 100 largest weapons producers and military contractors saw another boost in global sales last year, with total sales of $420 billion (€379 billion) — some 4.6% higher than in 2017.

2018 sales were even a whole 47% above those of 2002, according to a new study by the Stockholm International Peace Research Institute (SIPRI) on the global weapons industry. Because of the lack of reliable data, the study did not include China.