On December 1, 2025, the Stockholm International Peace Research Institute (SIPRI) announced that the global arms industry recorded its highest-ever revenues in 2024. According to the institute, sales among the top 100 arms companies rose by about 5.9% that year, reaching a total of 679 billion US dollars. Conflicts in Ukraine and Gaza, along with military modernization efforts across regions, were cited as driving this increase.
In the United States, major firms such as Lockheed Martin, RTX, and Northrop Grumman posted a solid 3.8% increase, bringing total sales to 334 billion US dollars. A surprising development in the rankings was the rise of SpaceX, whose defense-related revenue more than doubled to 1.8 billion US dollars, placing it among the top ranks of the arms market.
European companies posted a higher growth rate than the United States. The 26 European firms included in SIPRI’s Top 100 saw sales rise by 13% to 151 billion US dollars. Notably, the Czech Czechoslovak Group recorded a striking 193% surge, driven by expanded shell production for Ukraine. Russia’s defense industry also grew despite sanctions and labor shortages, with revenues at Rostec and United Shipbuilding Corporation up 23% to 31.2 billion US dollars, as domestic demand offset falling exports. In Israel, as the conflict in Gaza continued, the defense industry expanded; the three companies in the Top 100 posted sales up 16% to 16.2 billion US dollars.
In East Asia, five Japanese firms rose 40% to 13.3 billion US dollars, the highest country-level growth rate in 2024. Four South Korean firms also increased by 31% to 14.1 billion US dollars. By contrast, the Asia–Oceania region as a whole was the only one to see a decline, with sales down 1.2% year on year to 130 billion US dollars. This decrease was largely attributed to a 10% drop among eight Chinese companies, including firms reported to be involved in corruption scandals.
Learn more about the arms industry → “Military–industrial complex: The enormous power that reporting doesn’t reveal”
Learn more about the arms trade → “Arms trade: The dark intersection of politics and business”
Scranton Army Ammunition Plant manufacturing parts for shells and mortar rounds, United States (Photo: President of Ukraine / Wikimedia Commons [CC0 1.0])
.jpg){kind=link}
Interesting read! Understanding the data behind casino games is key to smart play. JLJL BOSS seems to prioritize that – a secure platform with robust KYC is reassuring. Check out their jljl boss game for a data-driven experience!
[8431]Slot8 Philippines: Best Slot Gacor & Online Casino. Quick Slot8 Login, Register, and App Download. Access the Latest Slot8 Link Alternatif for Guaranteed Wins. Join Slot8 Philippines, the ultimate destination for Slot Gacor and online casino games. Enjoy fast Slot8 login, easy register, and Slot8 download. Access the latest Slot8 link alternatif for guaranteed wins today! visit: slot8
[5205]42vipph Online Casino Philippines: Easy Login, Register & App Download for Top Slot Games Experience the best at 42vipph Online Casino Philippines! Quick 42vipph login & 42vipph register to play top 42vipph slot games. Get the 42vipph app download now! visit: 42vipph
[5493]PH666: The Best Online Casino Philippines – Legit Slots & Easy GCash Payouts Experience the ultimate gaming at **PH666 online casino**, the **best online casino Philippines**. Secure your **PH666 legit login** today to enjoy premium **PH666 slot games** and fast, easy withdrawals. Join the most trusted **GCash casino Philippines** for a seamless, legit, and rewarding casino experience. visit: ph666
[5749]Jili10 Casino Philippines: Secure Jili10 Login, Register & Top Jili10 Slot Games. Jili10 App Download for Mobile Play. Experience Jili10 Casino Philippines! Secure Jili10 login & register to play top Jili10 slot games. Get the Jili10 app download for mobile play & win big today. visit: jili10
[7890]JILI188 Login & Register: Official Link for App Download and Top Philippines Slot Games Join JILI188 for the best Philippines slot games! Use our official link for easy jili188 login & register. Get the jili188 app download and start winning big today! visit: jili188
[4800]EM777: The Best Slot Gacor in the Philippines – Easy Login, Register, and Download APK via Official Link Alternatif. Experience the best slot gacor in the Philippines at EM777! Enjoy easy em777 login, fast em777 register, and secure em777 download apk via our official em777 link alternatif. Start your winning journey with the most trusted online casino platform today. visit: em777
[3251]YO68: Top Online Slot & Casino Philippines – Secure YO68 Login, Easy Register & Download APK. Official Link Alternatif for 24/7 Gaming Access. Experience YO68, the Philippines’ top online slot & casino. Secure YO68 login, easy YO68 register & YO68 download APK. Use our official YO68 link alternatif for 24/7 access. Play the best YO68 slot games and win big today! visit: yo68