Weapons companies from the US and China dominated the global arms market in 2019, according to a new report.
Meanwhile, the Middle East entered the list of the world's 25 biggest arms manufacturers for the first time.
The US and China carried the weight of the global arms market in 2019, while the Middle East made its debut among the "top 25" weapons manufacturers, according to a report by the Stockholm International Peace Research Institute (SIPRI).
US-based arms companies took the top five spots in 2019, with Lockheed Martin, Boeing, Northrop Grumman, Raytheon and General Dynamics recording a total of $166 billion (€137 billion) in annual arms sales, the data released by the Sweden-based think tank on Monday showed.
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WNU Editor: SIPRI's report is here .... Global arms industry: Sales by the top 25 companies up 8.5 per cent; Big players active in Global South
More News On SIPRI's Report That Companies From The US And China Dominated The Global Arms Market In 2019
Arms sales by China's four biggest companies in the sector rose by 5% in 2019 -SIPRI think tank -- Reuters
Global arms sales top $360bn as US and China dominate -- The Independent
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