The Stockholm International Peace Research Institute (SIPRI) has released new data showing that sales by the world’s 25 largest arms companies totaled $361 billion last year, an 8.5% increase in real terms on 2018. The top five arms companies are all based in the United States with Lockheed Martin LMT -1.6%, Boeing BA +1%, Northrop Grumman NOC -1.7%, Raytheon and General Dynamics GD -2.4% registering a collective $166 billion in sales in 2019.
Out of SIPRI’s list of the 25 largest arms companies, 12 are based in the U.S. and they account for 61% of the combined arms sales of the top 25.
With annual sales of $53.23 billion, Lockheed Martin was once again on top of the arms production league, primarily due to increasing deliveries of the F-35 Lightning II fighter jet along with other major projects such as the supply of Black Hawk and King Stallion helicopters to the U.S. Army and Marine Corps. ...MORE
