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Despite Surging Demand, 2022 Revenue Fell for Defense Industry Leaders

The top 100 global companies in the arms goods and services industry actually saw their revenues decrease last year as conflicts and weapons demand soared. How come?

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Asia outperforms US, Europe in arms sales revenue in 2022 as world becomes hungrier for weapons

Asia outperforms US, Europe in arms sales revenue in 2022 as world becomes hungrier for weapons
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Volodymyr Zelensky feels frustrated being relegated to the background

According to the AP news agency, citing the Stockholm Peace Research Institute (SIPRI), Western arms companies could not cope with the volume of orders

United statesUkraine generalUnited kingdomMike johnsonGrant shappsVolodymyr zelenskyPacific oceanGareth daviesJoe bidenNational defense industrial strategyEuropean unionMinistry of defenceLockheed martinArms production programUnited kingdom armedNational audit office

Western arms companies failed to ramp up in 2022: Watchdog | National & World News

An independent watchdog says many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment. Labor shortages, soaring costs and supply chain disruptions were exacerbated by Russia’s invasion of Ukraine, according to the Stockholm International Peace Research Institute, or SIPRI. It said the arms revenue of the world’s 100 largest arms-producing and military services companies last year was $597 billion — a 3.5% drop from 2021.

South koreaArms production programStockholm international peace research instituteCompanies in asiaLockheed martinMany westernMilitary expenditureArms productionRaytheon technologiesMiddle east

Western arms companies failed to ramp up in 2022: Watchdog

Western arms companies failed to ramp up in 2022: Watchdog
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South koreaStockholm international peace research instituteLockheed martinArms production programCompanies in asiaMany westernMilitary expenditureArms productionRaytheon technologiesMiddle east