470 billion euros from the sale of weapons and military services – that is how much the hundred largest arms companies achieved in 2020. This is an increase of 1.3 percent compared to the previous year. US companies are leaders by a respectful margin. This is followed by arms companies from China.
According to the Swedish peace research institute Sipri, sales of the arms companies rose for the sixth time in a row. In the past year, the companies had implemented almost 20 percent more than in 2015.
The global economy shrank by a good three percent in 2020 due to Corona. The pandemic also hit the arms companies. Some of them complained of supply chain disruptions and late deliveries. Overall, however, Corona was apparently unable to harm the business. In many countries, especially China, military spending has increased. According to the “Standard”, Chinese companies sold armaments worth 60 billion euros. That is 1.5 percent more than in the previous year.
41 of the 100 leading arms companies come from the USA. Together they turned over around 270 million euros in arms sales. That is 2 percent more than in 2019. US companies generate more than half of the total turnover of all companies in the top 100. US corporations are thus still well ahead of the competition from other countries.
Sales country ranking 2020: