The United Kingdom’s largest defense firm experienced record orders as the Russia–Ukraine war boosted military spending in 2022. British defense giant BAE Systems said on Feb. 23 that orders for weapons systems soared last year amid an “elevated threat environment” in the wake of Russia’s invasion of Ukraine. The group is one of the largest builders…
British BAE Systems Saw Record Orders in 2022 Due to Ukraine War
February 23, 2023
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Global Arms Sales Hit New Highs Amidst Pandemic: Report
The top 100 largest arms dealers earned $531 billion in 2020, according to the Stockholm International Peace Research Institute (SIPRI). The 2020 earnings marked the sixth-straight year of growth and were 17 percent higher than 2015, when SIPRI began tracking Chinese firms. The 41 U.S. contractors on the list sold the most arms, earning $285…
Global Arms Sales Hit New Highs Amid Pandemic: Report
The top 100 largest arms dealers earned $531 billion in 2020, according to the Stockholm International Peace Research Institute (SIPRI). The 2020 earnings marked the sixth straight year of growth and a 17 percent increase from 2015, when SIPRI began tracking Chinese firms. The 41 U.S. contractors on the list sold the most arms and…
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