SIPRI Releases Top 100 Defense Company Data
HELSINKI — Sales of arms and military services by the world’s 100 largest arms-producing companies declined for a third consecutive year to $402 billion in 2013, according to new data on international arms production by the Stockholm-based think tank SIPRI (Stockholm International Peace Research Institute).
However, the pace of decline slowed to 2 percent in real terms in 2013 compared to 3.9 percent in 2012. According to SIPRI, this is partly attributable to significant increases in arms sales by Russian companies and producers in other emerging suppliers.
SIPRI’s Top 100 Companies’ data reveals that sales by companies headquartered in the United States and Canada continued to show a moderate decline, while sales by Russian-based companies increased by 20 percent in 2013.
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