US EditionReport Says World’s Biggest Arms Producers Increased Revenue by 5.9% Last Year to Record Level
The 100 largest arms producers saw a 5.9% revenue increase to $679 billion in 2024, driven by wartime procurement linked to Ukraine and Gaza conflicts, SIPRI said.
- On Monday, the Stockholm International Peace Research Institute reported that 2024 global arms revenues reached a record $679bn, a 5.9% increase from 2023, driven by conflicts in Ukraine and Gaza.
- Jade Guiberteau Ricard, SIPRI researcher, said demand surged as Ukraine and supporting countries replenished stockpiles while European states expanded militaries amid heightened Russia threat.
- US companies accounted for $334bn in combined revenue with 39 top-100 firms, while the 26 European arms companies grew 13% to $151bn and Russian firms Rostec and United Shipbuilding Corporation rose 23% to $31.2bn amid boosted 152mm artillery production.
- European arms companies are investing in new production capacity but face sourcing challenges for critical minerals as China tightens export controls; US defence programmes like the F-35 and Columbia-class submarines suffer delays and overruns.
- Nan Tian noted the recent revenue surge, saying `In the last two years, the revenues have gone up substantially in these arms companies`; the nine Middle East companies posted $31 billion and the three Israeli arms companies increased revenues 16% to $16.2 billion.
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203 Articles
Africa: Rising Arms Revenues and Rising Death Tolls Underscore Ongoing Military Conflicts & Civil Wars
United Nations -- The revenues from arms sales and military services by the 100 largest arms-producing companies rose by 5.9 per cent in 2024, reaching a record $679 billion, according to new data released by the Stockholm International Peace Research Institute (SIPRI).
Global arms firms register 5.9% revenue increase, hitting $679b
The three Israeli firms featured on the list are Elbit System, Israel Aerospace Industries and Rafael. By JNS Defense firms saw an increase of 5.9% in revenue from sales of arms and military equipment in 2024 as demand worldwide soared amid the wars in Ukraine and Gaza, as well as the rise in military spending of countries across the globe, the Associated Press reported on Sunday, citing a report released last week. The report, conducted by the …
Rising Arms Revenues and Rising Death Tolls Underscore Ongoing Military Conflicts & Civil Wars
People walk through a destroyed neighbourhood in Gaza City. Credit: UN NewsBy Thalif DeenUNITED NATIONS, Dec 2 2025 (IPS) The revenues from arms sales and military services by the 100 largest arms-producing companies rose by 5.9 per cent in 2024, reaching a record $679 billion, according to new data released by the Stockholm International Peace Research Institute (SIPRI). www.sipri.org Global arms revenues rose sharply in 2024, as demand was boo…
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UpstractGlobal Military Industrial Complex Has Never Had It So Good, New Report Finds
From the Daily Caller News Foundation By Wallace White The global war business scored record revenues in 2024 amid multiple protracted proxy conflicts across the world, according to a new industry analysis released on Monday. The top 100 arms manufacturers in the world raked in $679 billion in revenue in 2024, up 5.9% from the year prior, according to a new Stockholm International Peace Research Institute (SIPRI) study. The figure marks the high…
The total revenue of the world's 100 largest military-industrial companies in 2024 increased by 5.9%, reaching a record $679 billion, according to a new report by the Stockholm Peace Research Institute (SIPRI).
Global conflicts drive record revenue for world's largest weapons makers
According to a new report from the Stockholm International Peace Research Institute (SIPRI), the world's 100 largest arms manufacturers saw their revenues hit a record $679 billion in 2024. The Associated Press reports this marks a 5.9% increase from the previous year, driven largely by the conflicts in Gaza and Ukraine. Since 2015, revenues for the top 100 firms have risen 26%, SIPRI data shows. Researchers said producers “capitalised on high d…
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