Jakarta, hitclubapk3 Indonesia
—
A number of weapons manufacturing companies have made huge profits this year amidst the conflicts and wars that have plagued a number of regions and countries in the world.
Based on reports
AFP
, the top 100 weapons manufacturers in the world earned revenues of up to US$679 billion or the equivalent (Rp. 11,304 trillion) this year.
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A number of researchers recorded the war in
Ukraine
until
Gaza Strip
boosted demand for guns like crazy last year.However, production constraints also hampered delivery.
The 2024 income figure was recorded 5.9 percent higher than previous years.In the period 2015-2024, the income of the top 100 weapons manufacturers increased by 26 percent, according to records from the Stockholm International Peace Research Institute (SIPRI).
“Last year, global arms revenues reached the highest level ever recorded by SIPRI as manufacturers took advantage of high demand,” Lorenzo Scarazzato, researcher at SIPRI’s Military Expenditure and Arms Production Program, said in a statement.
A researcher for the same program, Jade Guiberteau Ricard, explained to AFP that “the increase was largely driven by Europe,” although “all regions have improved except Asia and Oceania.”
Ricard explained that the highest increase in demand in Europe was closely related to the war between Ukraine and Russia.This increase was also influenced by European countries’ perception of the threat from Russia.
SIPRI revealed that requests from Ukraine and from countries that support it militarily helped boost arms sales.
Ricard added that many European countries are also currently seeking to expand and modernize their militaries “which creates new sources of demand.”
Of the 100 arms manufacturing companies, 39 companies are from the United States.The top three companies from the US include Lockheed Martin, RTX (formerly Raytheon Technologies) and Northrop Grumman.
Overall, US weapons companies will experience a combined increase in revenue of 3.8 percent to reach US$334 billion in 2024. That figure is almost half of the total revenue of world weapons companies.
At the same time, the report’s authors note that budget overruns and delays are disrupting several key US-led programs, such as the F-35 fighter jet and Columbia-class submarines.
Meanwhile, 26 European arms companies experienced aggregate revenue growth of 13 percent to US$151 billion.
Czech company Czechoslovak Group saw its revenue jump by 193 percent, reaching $3.6 billion.The figure was the sharpest increase for any of the top 100 arms companies.
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