Holiday Sale | Save 50%
SubscribeLogin
Holiday Sale | Save 50%
Published

Russia Outpaces NATO in Weapons Manufacturing as Global Arms Industry Booms

  • Global arms sales reached $632 billion in 2023, a 4.2% increase, mainly influenced by conflicts in Ukraine and Gaza, as reported by the Stockholm International Peace Research Institute .
  • Sales by Russian arms manufacturers rose by 40% due to a 49% sales increase for Rostec, indicating a shift towards a war-focused economy.
  • Manufacturers in the Middle East experienced an 18% increase in sales, fueled by the Ukraine war and the Israeli offensive initiated after Hamas's attack on October 7, 2023.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 39% of the sources are Center
38% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

EuropeEurope
WarWar
BusinessBusiness
European EconomyEuropean Economy
MilitaryMilitary
US EconomyUS Economy
AsiaAsia
Trending Topics
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble NewsletterTimelines
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc
News
For You
Search
BlindspotLocal