SIPRI: Global Conflict Boosts Arms Makers’ Profits as Defence Revenue Hits Record $679B
Global instability is proving extraordinarily profitable for the world’s arms industry. A new SIPRI report reveals that the world’s top 100 defence companies made more money in 2024 than in any year on record, with revenues soaring to $679 billion. Here’s what’s driving the surge, which regions are spending the most, and what this means for global security.
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