Dec. 5, 2025, 6 a.m.
Global arms industry hits record $679 billion revenue amid rising conflicts
The world’s top 100 arms manufacturers reached $679 billion in revenue in 2024, a 9% increase from 2023. Escalating conflicts, rising defense budgets, and geopolitical instability drive unprecedented demand for weapons. U.S. firms accounted for $334 billion (…
Global arms industry hits record $679 billion revenue amid rising conflicts
The world’s top 100 arms manufacturers reached $679 billion in revenue in 2024, a 9% increase from 2023. Escalating conflicts, rising defense budgets, and geopolitical instability drive unprecedented demand for weapons. U.S. firms accounted for $334 billion (…