Global Arms Market Surges in 2024 Amid Geopolitical Tensions
SIPRI researcher Jade Guiberteau Ricard noted increased demand from Ukraine and European militaries.
US arms firms earned $334bn, with 39 top-100 firms, while European firms rose 13% to $151bn.
Russian firms Rostec and United Shipbuilding rose 23% to $31.2bn amid 152mm artillery production.
European arms companies face sourcing issues from China's export controls and US program delays.
Nan Tian highlighted a significant two-year revenue increase in arms companies.
Middle East firms reported $31bn, with Israeli firms rising 16% to $16.2bn.
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