Arms Industry Reaches Record Revenue
Update: 2025-12-01
Description
Record-breaking revenues for global arms manufacturers in 2021, with a five point nine percent increase to six hundred seventy-nine billion US dollars, driven by conflicts in Gaza and Ukraine, and increased military spending. European firms saw a thirteen percent rise, while US companies like Lockheed Martin, Northrop Grumman, and General Dynamics reported increased earnings, despite delays and budget overruns. Russian companies also saw growth, despite sanctions, and Israeli firms experienced a sixteen percent increase, indicating continued interest in their weapons.
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