The Stockholm International Peace Research Institute, or SIPRI, reported that sales of arms and military services totaled $374.8 billion previous year, excluding China.
USA companies on the list increased their share of arms sales to 57.9 percent, with a combined total of $217.2 billion in 2016, boosted by military operations overseas and the acquisition of large weapon systems by other countries, according to the report. This is also the first year of growth in arms sales reported by SIPRI Top 100 after five consecutive years of decline.
Lockheed Martin, the world's largest arms producer, increased its arms sales by 10.7% to $40.8bn, driven largely by deliveries of its F-35 fighter jet.
American producers alone accounted for 57.9% of the total sales figure ahead of the British (9.6%), Russian (7.1%) and the French (5%). In the first half of 2018, SIPRI will release its worldwide arms transfers data (details of all worldwide sales, transfers and gifts of major weapons in 2017) as well as its world military expenditure data (comprehensive information on global, regional and national trends in military spending).
Global arms sale is growing first time since 2010, as implementation of new national major weapon programmes, ongoing military operations in several countries and persistent regional tensions drive demand for weapons, a new study by Stockholm International Peace Research Institute (SIPRI) has found. SIPRI is an independent think tank that is dedicated to research on conflict, armaments, arms control and disarmament. The arms sales of BAE Systems, the fourth largest arms producer globally, remained stable (up by 0.4 per cent). Russian Federation accounts for over seven per cent of total arms sale on the planet, according to the SIPRI analysis.
BAE has just announced the sale of 24 Typhoon fighters to the Gulf state of Qatar
SIPRI's "emerging producers" category covers companies based in Brazil, India, South Korea and Turkey.
SIPRI's report, published Monday, said the world's 100 biggest armaments groups sold weapons and weapons systems worth $375 billion in 2016, up 2 percent from 2015.
The decline in arms sales by Japanese firms has resulted in a 1.2 percent drop in combined weapons sales of "other established producers" based in Japan, Australia, Singapore, Israel, Poland and Ukraine.
Considering more than half of SIPRI's top 20 weapons sellers are based in the United States-including Lockheed Martin, Boeing, Raytheon, and Northrop Grumman in the top five-the report declares the US has a "decisive influence on the global trend".
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