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Military equipment sales to rise in the world by almost 5 percent

of The 100 leading arms companies in the world have increased their global arms sales last year by almost five percent. In 2018, of them of arms and military se

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Military equipment sales to rise in the world by almost 5 percent

of The 100 leading arms companies in the world have increased their global arms sales last year by almost five percent. In 2018, of them of arms and military services in total were sold with a value of 420 billion dollars.

This corresponded to an increase of 4.6 percent compared to the previous year, as a Monday report published by the Stockholm peace research Institute Sipri shows. Accordingly, the increase mainly from higher sales figures of the largest corporations driven.

Not goods of the company were taken into account from China – to this it of sufficient data for reliable estimates.

the Absolute leader in sales in the United States to stay again. For the first time since 2002 – since the year Sipri has comparable data, including Material from Russia – taking corporations based in the United States, all five top positions among the leading defence companies.

This five – Lockheed Martin, Boeing, Northrop Grumman, Raytheon and General Dynamics – have combined sales of military equipment with a total value of 148 billion dollars. Overall, U.S. companies amounted to 246 billion dollars, which represents 59 percent of all sales in the Top 100, an increase of 7.2 percent compared to 2017.

An important Trend in the United States, the peace researchers see it as that major arms-producing companies take over smaller companies. "The U.S. companies are preparing for the new weapons modernization program, the President Trump 2017 has announced," said Sipri arms expert Aude Fleurant. "Large US companies merge in order to be able to the new Generation of weapons systems can produce and to be in a better Position to win contracts from the U.S. government."

the UK is leading in Europe

Europe accounts for a quarter of global arms sales (24 percent). The 27 in the list represented European weapons manufacturers sold goods worth 102 billion dollars, which meant a slight increase of 0.7 percent.

The Figures of the four listed German companies, by contrast, declined by a total of 3.8 percent. Growing supplies of military vehicles from Rheinmetall to the German army, a decline in the sale of conflicting figures of the ship's builders, ThyssenKrupp, said Sipri expert Pieter D. Wezeman.

Thus, Germany has a share of 2.0 per cent of global arms sales and ranks behind Italy, Japan, and Israel, but ahead of India and South Korea. Airbus is listed in the Sipri-evaluation as a "TRANS-European" group, because the company has its seat in more than one country.

The sales of British arms-producing companies fell, in part due to delays in the arms modernization program of their country of 4.8 percent, the French companies rose by 2.4 percent. The UK remains Europe's weapons seller number one, followed by France.

Russia, nearly unchanged

Nearly unchanged from the arms sales from Russia remained: The ten in the Top 100-listed Russian corporations corresponded to sold goods and services worth a total of 36.2 billion dollars, which is a minimal decrease of 0.4 percent. Five of the companies had, therefore, gains, five losses.

As arms sales, Sipri means any sale of military goods and services to military customers at home and abroad. Since 2002, sales have increased, according to peace researchers by a total of just under 47 percent. (chk/sda)

Created: 09.12.2019, 04:24 PM

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