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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2025 Report: Global Arms Industry Profits Skyrocket While Europe Collapses Under Mass Migration, Crime, and Energy Chaos
The war against ISIS. Photo courtesy of the Syrian Democratic Forces (SDF). While Europe’s globalist establishment insists that citizens should accept managed decline—shrinking economies, spiraling crime, and demographic oblivion—their friends in the global arms industry, helping to fuel bloody wars in Eastern Europe and the Middle East—are enjoying record profits. As ordinary Europeans struggle with inflation and insecurity, the world’s biggest…
The revenues of the world's 100 largest defense companies from arms sales and military services grew 5.9% in 2024 to reach an estimated $679 billion - the highest figure ever.
Fooded by the wars in Ukraine and the Gaza Strip, sales amounted to EUR 586 billion, up 5.9% over a year, according to the Stockholm International Peace Research Institute.
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