Arms industry booming despite Covid
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Sales of arms and military services by the top 100 weapons companies totalled $531 billion in 2020, 1.3 percent more than in 2019, according to the Stockholm International Peace Research Institute (SIPRI)
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WORLD’S LARGEST ARMS PRODUCERS, 2020
(Arms sales in US$ billions)

United States 
China
Western Europe
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Lockheed Martin Corp. 58.2
Raytheon 36.8 
Boeing 32.1
Northrop Grumman Corp. 30.4 
General Dynamics Corp. 25.8
BAE Systems 24.0
NORINCO  17.9
AVIC 16.9
CETC  14.6 
L3Harris 14.1
Airbus  11.9
CASIC 11.8
Leonardo 11.1
Thales 9.0
Huntington Ingalls 8.2
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SHARE OF SALES BY TOP 100 COMPANIES 
By country where firms are based (%)
  
Total arms sales  $531 billion

United States 54
China 13
UK 7.1
Russia 5.0
France 4.7
Trans- European 3.0
Italy 2.6 
Israel 2.0 
Japan 1.9 
Germany 1.7 
S. Korea 1.2 
India: 1.2
Others: 3.4  
 

NORINCO = China North Industries Group Corp.,

AVIC = Aviation Industry Corp. of China, CETC = China Electronics
Technology Group Corp., CASIC = China Aerospace Science & Industry Corporation
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Source: SIPRI Picture: Newscom © GRAPHIC NEWS