Lockheed Martin is the world's leading arms seller with $44.9 billion sales while the combined sales of 10 Russian companies $37.7 billion during 2017, the Swedish International Peace Research Institute (SIPRI) reported.
Russia moved up to second place, ahead of the United Kingdom among a survey of the world's top 100 defence companies whose combined sales were totalled $398.2 bln in 2017, according to SIPRI's Top 100 list of largest arms producing companies around the world for the year 2017 published Monday.
With 42 companies listed in 2017, companies based in the US continued to dominate the Top 100 in 2017. Taken together, the arms sales of US companies grew by 2.0 per cent in 2017, to $226.6 billion, which accounted for 57 per cent of total Top 100 arms sales. Five US companies were listed in the top 10 in 2017. ‘US companies directly benefit from the US Department of Defense’ on-going demand for weapons,’ says Aude Fleurant, Director of SIPRI’s Arms and Military Expenditure Programme.
‘Almaz-Antey, which was already Russia’s largest arms producing company, increased its arms sales by 17 per cent in 2017, to $8.6 billion,’ says Alexandra Kuimova, Research Assistant with SIPRI’s Arms and Military Expenditure Programme.
Along with Almaz-Antey, three other Russian companies figured in the Top 100 increased their arms sales by more than 15 per cent: United Engine Corporation (25 per cent), High Precision Systems (22 per cent) and Tactical Missiles Corporation (19 per cent).
China has become the world's second biggest military spender behind the United States relegating Saudi Arabia and India to third and fourth place respectively according to a new report by the Swedish International Peace Research Institute (SIPRI) which compiles global arms procurement data. China increased its military spending by 5
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
Russia and the United States are slowly reducing their nuclear arsenals but are modernizing their capabilities according to the Stockholm International Peace Research Institute (SIPRI) annual report. The SIPRI said that there were 455 fewer nuclear warheads at the start of 2016 among nine nuclear states than a year earlier
According to a study published by Stockholm International Peace Research Institute (SIPRI) in its annual nuclear forces data, Pakistan still has higher number of nuclear warheads than India and also beats Israel and North Korea. The report comes just days after disgraced nuclear scientist AQ Khan, father of Pakistan's nuclear programme, claimed that the country had the ability to hit India in five minutes
Lockheed Martin has won a $585 million Missile Defense Agency (MDA) contract to design, develop and deliver its Homeland Defense Radar-Hawaii (HDR-H) in Oahu, Hawaii. The HDR-H radar will provide autonomous acquisition, tracking and discrimination to optimize the defensive capability of the Ballistic Missile Defense System (BMDS) and counter evolving threats, the company said in a statement Tuesday
Lockheed Martin and Universal Synaptics Corporation have signed an agreement to help the United States Department of Defense (DoD) tackle an issue known as intermittent fault anomaly. A new automated testing technology, developed by Universal Synaptics, called Intermittent Fault Detection discovers random fault anomalies in multi-domain platform electronics as well as wiring harnesses
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