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Weapons Trade

Weapons trade booms as profits hit record $531bn in 2020 (Al Jazeera)

Sales of weapons and military services by the world’s 100 biggest arms companies reached a record $531bn in 2020, an increase of 1.3 per cent in real terms compared with the previous year, according to the Stockholm International Peace Research Institute (SIPRI).

The Swedish think tank said 2020 marked the sixth consecutive year of sales growth by the top 100 firms, and came even as the global economy shrank. Overall sales were 17 percent higher than in 2015 when it first included data on Chinese firms.

Weapons trade booms as profits hit record $531bn in 2020 | Weapons News | Al Jazeera