SIPRI: arms companies earn less despite booming weapons demand ...Iraq

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SIPRI: arms companies earn less despite booming weapons demand
Shafaq News/ Arms sales have been booming for years, thanks to the many flashpoints all over the world. But this trend came to a halt in 2022 — albeit only temporarily. This is according to the latest report from the Stockholm International Peace Research Institute (SIPRI), which focused on the 100 largest arms-producing companies in 2022. According to the SIPRI Top 100 Arms-producing and Military Services Companies 2022 report, the companies generated a total of almost $600 billion (€550 billion) from the sale of weapons and military services. That was a huge sum, but revenues shrank noticeably, by 3.5%, compared to 2021. This is first decline since the SIPRI list of the top 100 arms co

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