Global arms trade soars in 2023 amid deadly conflicts ...Middle East

The Hill - News
Global arms trade soars in 2023 amid deadly conflicts
source : The Hill ( Middle East ) () 53
The top 100 global arms producers increased weapons and military-related sales by 4.3 percent last year, according to new research, as nations react to a more volatile and dangerous geopolitical environment sparked by wars in Europe and the Middle East. The Stockholm International Peace Research Institute (SIPRI) said in a Monday report that sales reached $632 billion in 2023 among the world's major arms producers. Those 100 companies have also increased their revenue by 19 percent between 2015 and 2023, researchers wrote. Lorenzo Scarazzato, a researcher at SIPRI, said "there was a marked rise in arms revenues in 2023 and this is likely to continue in 2024." "The arms revenues

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