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
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

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

Palestinians are being massacred by US-German weapons: Iran's Baghaei

Dozens of Palestinians killed in Gaza as IOF resume onslaught

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

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

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