Three Israeli firms featured in the report’s top 100 listing of the biggest weapons producers on earth
Defense firms saw an increase of 5.9% in revenue from sales of arms and military equipment in 2024 as demand worldwide soared amid the wars in Ukraine and Gaza, as well as the rise in military spending of countries across the globe, the Associated Press reported on Sunday, citing a report released last week.
The report, conducted by the Stockholm International Peace Research Institute (SIPRI), said that revenues of the 100 largest weapons manufacturers grew to $679 billion last year, the highest figure on the organization’s record.
The main appreciation was recorded in European- and U.S.-based companies.