American weapons makers continue to dominate the global arms trade, accounting for over half of all the weapons sold in the world last year while Russia continued to gradually expand its market, a new study shows.
The new international arms industry data released by the Stockholm International Peace Research Institute (SIPRI) on Monday showed that global weapons sales reached $398.2 billion last year.
Raking in the highest profits were 42 American companies with overall sales of $226.6 billion, a whopping 57 percent of all arms deals signed by the world’s Top 100 arms makers. That’s a two-percent increase in sales compared to 2016.
The US-based company Lockheed Martin remained on top of the 100 largest military companies, with sales amounting to $44 billion — no other company in the industry could get close.
In comparison, Germany’s largest defense group, Düsseldorf-based Rheinmetall AG, didn’t even sell a tenth of that amount. With…