China’s North Industries Corporation (NORINCO) and the Aviation Industry Corporation of China (AVIC) may have ranked among the top ten defense companies worldwide by Stockholm International Peace Research Institute (SIPRI) in a recent report on global military industry.
The SIPRI Top 100 arms-producing companies, 2014 report published Monday states that due to lack of data and based on reasonable estimate of arms sales for most companies Chinese companies couldn't be added to the list. Some information available on the 10 major state-owned conglomerates under which most Chinese arms industry is organized, at least 9 of the 10 companies would certainly be in the Top 100 if figures were available.
The report states, “Of these (10 Chinese companies), 4 to 6 would probably be in the Top 20, and two—the aircraft producer AVIC and the land systems producer Norinco—may be in the Top 10. China’s military spending increased more than five-fold in real terms between 2000 and 2014 and the country has engaged in major efforts to develop its domestic industry. In addition, China’s arms exports have grown substantially in the past decade.”
US’ Lockheed Marin tops the list followed by Boeing, UK’s BAE Systems, US’ Raytheon, Northrop Grumman and General Dynamics.
Russia despite difficult economic conditions, continued to rise in 2014. The number of companies of the total 100 went up from 9 to 11. The Russian company showing the most significant growth in arms sales is Uralvagonzavod, with an increase of 72.5 per cent in its arms sales. Almaz-Antey, with a near 23 per cent increase in arms sales, is now in 11th position.
‘Russian companies are riding the wave of increasing national military spending and exports. There are now 11 Russian companies in the Top 100 and their combined revenue growth over 2013–14 was 48.4 per cent,’ says SIPRI Senior Researcher Siemon Wezeman.
India continues to dominate global defense exports, importing nearly three times as many weapons as neighbors China and Pakistan in the past five years, according to Stockholm International Peace Research Institute (SIPRI). The total volume of arms sales was up 14 percent in 2009-13 compared to the previous five years, according to the Swedish think tank
India is the world's largest arms importer according to new data on international arms transfers published today by Stockholm International Peace Research Institute (SIPRI). India received 9 per cent of the volume of international arms transfers during 2006–10, with Russian deliveries accounting for 82 per cent of Indian arms imports
India purchased 115 fighter planes during 2005-09, making it the world’s leading buyer of fighters during the last five years. India is followed by the U
Chinese North Industries Company (NORINCO), a manufacturer of diverse weapons systems has offered international customers complete weapons packages to equip whole combat units. Current practice in the international arms trade is to supply individual items which the customer-army then puts it together for its combat units
China North Industries Group Corp or Norinco Group (CNIGC) and China Aerospace Science & Technology Corp (CASC) plan to unveil a number of new products at Airshow China next month in Zhuhai. CNIGCs displays will include about 100 system products in air defense, coastal defense, ground strikes, unmanned combat, early warning and surveillance security, commercial aerospace, and command communications and support
South Korean companies recorded a 20.6% increase in arms sales during 2016 compared to a year ago leading a pack of the Stockholm International Peace Research Institute (SIPRI)s ‘emerging producers category which covers companies based in Brazil, India, South Korea and Turkey
China North Industries Group Corporation ( Norinco Group), started mixed ownership pilot reforms at its tank factory in Baotou, north China's Inner Mongolia Autonomous Region. It was once a state-owned business
Aviation Industry Corp of China has unveiled its new unmanned armed helicopter, AV500W at the fourth China Helicopter Expo that opened on Thursday in Tianjin. The AV500W unmanned autonomous helicopter developed and produced at the AVIC Helicopter Research and Development Institute has a maximum takeoff weight of 450 kilograms, a maximum speed of 170 kilometers per hour and a flight ceiling of 4,000 meters,
China is targeting African markets with AVIC developed LE500 turboprop trainer aircraft after obtaining the type authorization certificate (TAC) from South African Civil Aviation Authority (SACAA). Since April 2015, the application has been supported by CAAC (Civil Aviation Administration of China), AVIC International Aero-Development Company and the South Africa AVIC International Flight Training Academy
Turkish S-400 Air Defence Systems to have Local Software: Foreign Minister
Ukraine developing Weapons, Systems for Combat Helicopters
Northrop Grumman to Build Airborne Laser Mine Detection System for US Navy
Russian MiG-31 fighter was downed by friendly fire: Report
Spectacular debut by Indian LCA Tejas fighter jet at Malaysian airshow
Russian Yak-130, Indian Tejas, 3 Others Receive Malaysian Light Fighter RFI
Russia Reveals Export Version of Su-57 Stealth Fighter jet, to Target Middle...
IAF Close To Buying 21 MiG-29 Fighter Jets For $900M
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...
The Russian ministry of defense on Thursday published a series of videos showcasing the production, deployment and installation and testing...
The market for fighter jets in countries which are expected to have open competitions is estimated at US$50 billion to...