LATEST SIPRI REPORT
Full report here https://www.sipri.org/sites/default/files/2024-11/fs_2412_top_100_2023_0.pdf
KEY FACTS
The arms revenues of the SIPRI Top 100 arms-producing and military services companies totalled $632 billion in 2023, an increase of 4.2 per cent in real terms compared with 2022.
Arms revenues went up in all regions covered by the ranking.
The total arms revenues of the 41 Top 100 companies headquartered in the United States grew by 2.5 per cent to $317 billion in 2023.
The 27 European companies in the Top 100 recorded growth in arms revenues of 0.2 per cent to reach $133 billion.
The arms revenues of the two Russian companies for which data was available went up by 40 per cent to an estimated $25.5 billion due to a significant increase in orders and production.
The 23 companies based in Asia and Oceania in the Top 100 increased their arms revenues by 5.7 per cent to $136 billion. At $103 billion, Chinese companies had the second largest aggregate arms revenues after US companies. However, they recorded their lowest level of growth (+0.7 per cent) since 2019 due to the country’s slowing economy. Companies in South Korea (+39 per cent), Japan (+35 per cent) and Taiwan (+27 per cent) increased their arms revenues substantially.
The six Middle Eastern companies in the Top 100 increased their aggregate arms revenues by 18 per cent to $19.6 billion. The war in Gaza pushed Israeli companies’ arms revenues to record levels.
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