Global Arms Industry Thrives Amid Ongoing Conflicts: US Leads with $317 Billion Sales in 2023
Global conflicts, including the wars between Ukraine and Russia, as well as Israel and Hamas, have significantly benefitted American arms manufacturers. According to a recent report by the Stockholm International Peace Research Institute (SIPRI), in 2023, American companies produced 50% of all military equipment sold globally. These companies collectively sold weapons worth $317 billion last…