Top 100 arms makers' sales hit record high
China DailyThe world's top 100 arms manufacturers reported revenues of $632 billion in 2023, marking a 4.2-percent increase from the previous year, according to figures released by a global think tank on Monday. "The arms revenues of the top 100 arms producers still did not fully reflect the scale of demand, and many companies have launched recruitment drives, suggesting they are optimistic about future sales." Figures for Russian arms manufacturers showed dramatic growth, with two listed companies increasing sales by 40 percent, led by state-owned Rostec's 49-percent surge, signaling an increasingly militarized economy. Middle Eastern and Asian producers reported substantial gains, with Israeli companies reaching record sales of $13.6 billion, Turkish companies up 24 percent, South Korean manufacturers rising 39 percent, and Japanese enterprises increasing by 35 percent.
History of this topic
Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report
India Today
Top 100 arms makers' sales hit record high
China Daily
Arms producers saw revenue up in 2023 with the wars in Ukraine and Gaza, a new report says
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Wars, regional tensions boost arms sales around the world: Report
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