There is no decline in the international arms trade

The international arms trade was not affected by the coronavirus last year. The calculations of the Swedish Peace Institute SIPRI show that the sector has grown for the sixth year in a row.

In 2020, the turnover of the 100 largest factories increased by 1.3 percent to more than 470 billion euros. The institute notes that the global economy has already contracted by 3.1 percent.

Among the largest arms manufacturers, the United States is still dominant: in the list of the top 100 American companies, including the 5 largest. These companies, such as Lockheed Martin, Boeing and Northrop Grumman, represent 54 percent of total defense revenue.

China and Russia

China ranks second with five companies, with 13 percent of the total. Great Britain is still in third place.

The nine companies from Russia in a loss for the third year: the share fell by 6.5 percent. The reason for this is the end of a major investment round by the Kremlin and delivery problems due to the epidemic.

SIPRI was founded in 1966 to investigate conflicts around the world and advocate for disarmament. Since 1989, it tracks how much is spent annually worldwide on arms production by countries.

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