Global Arms Sales Drop For First Time Since 1990s

Report: World Arms Sales Drop For 1st Time Since ’94 -- Defense News/AFP

STOCKHOLM — For the first time since the mid-1990s, sales of the 100 biggest arms dealers excluding China declined in 2011 as the economic crisis prompted budget cuts, a Stockholm-based think tank said Monday.

The 100 companies’ total sales declined, including inflation, by five percent from the previous year, the first time a drop has been registered since 1994, the Stockholm International Peace Research Institute (SIPRI) said. Even excluding inflation, the total fell, to $410 billion (307 billion euros) from 412 billion euros in 2010.

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More News On Global Arms Sales Dropping For The First Time Since The 1990s

SIPRI Top 100 arms sales decreased in 2011: companies pursue diverse strategies in response to austerity measures -- SIPRI
Top 100 arms makers' arms sales fall in 2011: study -- Reuters
Arms sales drop for first time since 1990s -- Al Jazeera
Sales of Top 100 Arms Makers Fall 5% in 2011 - SIPRI -- IBTimes
Top 100 weapon producers log slight sales dip -- Deutsche Welle
Budget Cuts Lead to Fewer Arms Sales in 2011 -- Epoch Times
Think tank: Arms vendors turn to cyber security as traditional weapons sales drop -- Washington Post/AP
BAE Slips to Third in Weapons Sales on Global Budget Cuts -- Bloomberg
Russia's United Aircraft joins world's top-20 weapon producers -- RT

WNU Editor: The SIPRI Top 100 arms-producing and military services companies in the world excluding China for 2011 is here. SIPRI's website is here.