Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent in southern Lebanon: An Israeli drone strike targeted the town of Yater, South Lebanon
Lebanese Ministry of Health: One martyr and five wounded in an Israeli drone strike on a car in Al-Numayriyeh, Nabatieh District.
Al Mayadeen correspondent to Gaza: The areas required to be evacuated in western Gaza contain tens of thousands of displaced people.
Al-Mayadeen correspondent to Gaza: The Israeli evacuation threats are for areas the occupation considers safe, deep within western Gaza.
Lebanon’s Foreign Minister: Beirut has not received any official memorandum from Syria, neither through the Foreign Ministry’s diplomatic channels nor via the joint Lebanese-Syrian committee.
Lebanon’s Foreign Minister told Al Mayadeen that he has not received any official notification regarding a potential visit by his Syrian counterpart to Beirut
Russia calls for the continuation of ceasefire between "Israel" and Iran without any breaks: Lavrov
The Israeli military command confirmed the death of an officer—a commander serving as a team leader in the elite 1st Golani Brigade’s Patrol Battalion—during intense confrontations in the southern Gaza Strip
Israeli media: An Israeli guard was killed in a shooting attack at the Gush Etzion Junction, and those who carried out the operation were injured
Ofer Military Court extended Nasser al-Lahham's detention for three days

Global arms sales surge amid wars, regional tensions: Report

  • By Al Mayadeen English
  • Source: Agencies
  • 2 Dec 2024 09:09
3 Min Read

The world’s top 100 arms companies have recorded total sales of $632 billion, a 4.2% increase from the previous year.

Listen
  • x
  •  Smoke billows after an Israeli airstrike on Gaza City targeted residential buildings in the Gaza Strip. (AFP - Getty Images)
    Smoke billows after an Israeli airstrike on Gaza City targeted residential buildings in the Gaza Strip. (AFP)

Global arms sales saw significant growth in 2023, driven by wars in Ukraine and Gaza and escalating tensions in Asia, with notable gains among manufacturers in Russia and the Middle East, according to a report published Monday by the Stockholm International Peace Research Institute (SIPRI).

The world’s top 100 arms companies recorded total sales of $632 billion, a 4.2% increase from the previous year. After a dip in 2022 due to supply chain issues, many arms manufacturers ramped up production to meet rising demand. For the first time, all 100 companies tracked by SIPRI surpassed $1 billion in annual sales.

"There was a marked rise in arms revenues in 2023, and this is likely to continue in 2024," said Lorenzo Scarazzato, a SIPRI researcher. Despite this growth, the demand outpaced production capacity, with companies launching recruitment drives to address the shortfall.

Dive deeper

Related News

Netanyahu's statements confirm intentional obstruction of truce: Hamas

Gaza Massacres: Dozens killed as IOF strike civilians, aid lines

Smaller manufacturers, specializing in components or systems with simpler supply chains, adapted more quickly to the heightened demand linked to the wars in Gaza and Ukraine, as well as rearmament efforts in East Asia, noted Nan Tian, Director of SIPRI's Military Expenditure and Arms Production Programme.

Among the leading players, US companies maintained dominance, accounting for half of global arms revenues. While sales for US manufacturers rose by 2.5%, giants like Lockheed Martin and RTX (formerly Raytheon Technologies) saw slight declines of 1.6% and 1.3%, respectively, due to ongoing supply chain challenges.

In Europe, arms manufacturers experienced an average sales increase of just 0.2%, as many were still fulfilling older contracts. However, demand spurred by the war in Ukraine boosted revenues for specific products like ammunition and air defense systems.

Russian arms makers saw a sharp 40% surge in sales, with state-owned Rostec achieving a 49% increase, reflecting an economy increasingly oriented toward wartime production.

Israeli companies reported record sales of $13.6 billion, a 15% increase, while Turkish arms makers, including drone producer Baykar, saw a 24% rise, fueled by defense investments in Ukraine and Turkey.

In Asia, South Korean firms led the rearmament drive with average revenue growth of 39%, followed by Japanese companies at 35%. Chinese manufacturers saw only a modest 0.7% rise in revenues, totaling $103 billion, as the country faced broader economic challenges.

  • genocide in Gaza
  • arms companies
  • Israel
  • US
  • Ukraine war
  • global arms sale
  • US arms sales
War on Gaza

War on Gaza

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Concrete and rubble fall from a heavily damaged building as Israeli soldiers search for survivors in a residential area hit by a missile fired from Iran, near Tel Aviv, occupied Palestine, Sunday, June 15, 2025 (AP)

'Israel' concealed damage inflicted by Iran in war, report finds

  • Politics
  • 5 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Gaza’s population shrinks by 10% amid Israeli genocide
Politics

Gaza’s population shrinks by 10% amid Israeli genocide

UK probes US firm over Gaza ethnic cleansing charges
Politics

UK probes US firm over Gaza ethnic cleansing charges

President Donald Trump, left, with Defense Secretary Pete Hegseth, right, during a cabinet meeting at the White House, Tuesday, July 8, 2025, in Washington. (AP Photo/Evan Vucci)
Politics

Schumer calls on Trump to fire Hegseth over Ukraine arms delay

Right-wing Knesset member Itamar Ben-Gvir is on hand for a speech by Israeli Prime Minister Benjamin Netanyahu to right-wing opposition party members, at the Knesset in al-Quds, Monday, June 14, 2021 (AP)
Politics

New settler police force tightens Israeli grip on occupied West Bank

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS