US companies hold more than half of the world market share for military equipment, according to the Stockholm International Peace Research Institute, (SIPRI).
The US company Lockheed Martin remains the undisputed leader among the world's 100 largest defense companies — no other company in the industry made a larger profit in 2017. With sales amounting to $44 billion (€27.8 billion), Lockheed Martin leads the SIPRI ranking by a wide margin.
Boeing is the world's second-largest arms manufacturer.
Great Britain remains the largest weapons manufacturer in western Europe, followed by France. The British mega-group BAE Systems, which has more than 83,000 employees, is the only European manufacturer to make it into the top 5 in the world.
State-owned Almaz-Antey, Russia's largest armaments company, has for the first time made it into SIPRI's top 10. Turkey is also arming itself: President Recep Tayyip Erdogan's strategy of becoming less dependent on arms imports has boosted Turkish arms manufacturers' profits by 24 percent.
According to the Stockholm researchers, three Chinese companies should also be among the top players. However, since they publish little reliable information on their arms sales, they have not been included in the list.
Post a Comment