Arms trade

In decline? Weapons business made $370.7 billion in 2015, with US dominating, study shows

Russian weapons manufacturers came in second in total annual revenues of the top 100 arms producing companies, bested only by the US, whose arms sales amounted to $209.7 billion in 2015, according to the Stockholm International Peace Research Institute.

Global arms sales reached $370.7 billion in 2015, SIRPI reported on Monday, after tabulating the revenues of weapons manufacturers from the US, Western Europe, Russia, and beyond. The numbers come despite a downward trend over the past five years that saw a 0.6 percent fall in sales revenues from 2014 to 2015.

America’s military industry had total arms sales amounting to $209.7 billion in 2015, down by 2.9 percent from 2014, according to a new study from the Stockholm International Peace Research Institute (SIPRI), the world’s leading think tank specializing in arms trade and disarmament.