Sales of arms and military services by the industry’s 100 largest companies totaled $531 billion in 2020—an increase of 1.3 percent in real terms compared with the previous year. This is according to new data released on December 6 by the Stockholm International Peace Research Institute (SIPRI).
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| In 2020, the U.S. once again hosted the highest number of companies ranked in the Top 100. Together, the arms sales of the 41 US companies amounted to $285 billion—an increase of 1.9 percent compared with 2019—and accounted for 54 percent of the Top 100’s total arms sales (Picture source: Army Recognition) |