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| Global weapons industry sales reached €348 billion in 2015 |
Arms sales went on a downward slide last year, falling by 0.6 percent
compared to 2014, according to the latest analysis on the global arms
industry by the
Stockholm International Peace Research Institute (SIPRI).
The trade had been experiencing a downward trend since 2011, but the
reduction in arms sales last year showed that the pace of decline had
slowed.
Despite the decrease, arms sales for the world's top 100 companies in
2015 reached $370.7 billion (348 billion euros), the think tank said in
its study, indicating that the sinking numbers were no sign that the
world was getting more peaceful.
"It [arms sales] has decreased, but it is still over a third higher than
it used to be in the early 2000s," Aude Fleurant, director of the SIPRI
arms and military expenditure program, told DW. "It is slowing down,
possibly indicating a reversal of the trend since 2010. So it is
difficult to say at this stage …
There are contradictory trends all over the world and it is difficult to identify a clear trend so far," she added.
US firms remain on top of the arms sales industry.
Companies based in the US dominated the arms business, with total
sales amounting to $209.7 billion (€225.47 Billion) , or more than 80
percent of the total arms business in the world. Lockheed Martin
maintained its position as the largest arms producer on the planet.
EU-Digest