From [HERE] and [HERE] Sales of arms and military services by the world’s largest arms-producing and military services companies—the SIPRI Top 100—totalled $374.8 billion in 2016, according to new international arms industry data released today by the Stockholm International Peace Research Institute (SIPRI). Once again, the USA leads the world in weapons sales, notes SIPRI. The 100 biggest arms producers accounted for $375 billion in weapons sales in 2016, with US companies having by far the largest share at $217 billion. The US accounts for roughly 58% of the global arms trade.
America’s wars are not coming to an end anytime soon: there’s simply too much money being made on manufacturing and selling war.
The total for the SIPRI Top 100 in 2016 is 1.9 per cent higher compared with 2015 and represents an increase of 38 per cent since 2002 (when SIPRI began reporting corporate arms sales). This is the first year of growth in SIPRI Top 100 arms sales after five consecutive years of decline.
US companies increase their share of total arms sales in 2016
At a combined total of $217.2 billion, arms sales of US companies listed in the SIPRI Top 100 grew by 4.0 per cent in 2016. US military operations overseas as well as acquisitions of large weapon systems by other countries have driven this rise. Arms sales by Lockheed Martin—the world’s largest arms producer—rose by 10.7 per cent in 2016, which was decisive to the increase in the USA’s share of overall SIPRI Top 100 sales to 57.9 per cent. ‘With the acquisition of helicopter producer Sikorsky in late 2015 and higher delivery volumes of the F-35 combat aircraft, Lockheed Martin reported significant growth in its arms sales in 2016,’ says Aude Fleurant, Director of SIPRI’s Arms and Military Expenditure Programme.
The rise in sales and the number of US military services companies ranked in the SIPRI Top 100 are noticeable trends in 2016. Some of these companies have increased their sales through the acquisition of the military services divisions of larger arms producers. This was the case for Leidos, for example, which acquired Lockheed Martin’s information technology and technical services businesses in 2016.
The combined arms sales of companies in Western Europe listed in the SIPRI Top 100 remained stable in 2016 at a total of $91.6 billion—an increase of 0.2 per cent compared with 2015. However, the trends for arms sales in the largest arms-producing countries— namely the United Kingdom, France, Italy and Germany—displayed clear divergences. There were overall decreases in the arms sales of Trans-European, French and Italian companies, while companies in the UK and Germany recorded overall increases.
According to the SIPRI the top 25 arms-producing and military services companies are:
- Lockheed Martin Corp.
- BAE Systems
- Northrop Grumman Corp.
- General Dynamics Corp.
- Airbus Group
- BAE Systems Inc. (BAE Systems UK)
- L-3 Communications
- United Technologies Corp.
- Huntington Ingalls Industries
- United Aircraft Corp.
- Bechtel Corp.
- Pratt & Whitney (United Technology Corp. USA)
- Harris Corp.
- United Shipbuilding Corp.
- Booz Allen Hamilton
- Mitsubishi Heavy Industries
- Honeywell International
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