NATO partners behind global weapons-revenue surge – report

Sales by the world’s top 100 weapons makers surged to a record $679 billion last year, according to new data

NATO partners Japan and South Korea have emerged as two of the global arms industry’s fastest-growing markets, the Stockholm International Peace Research Institute (SIPRI) has reported.

Global arms revenues hit a record in 2024 amid rising geopolitical tensions and a rearmament drive across Europe, according to the study published on Monday.

Combined revenues from arms and military services at the world’s top 100 producers jumped 5.9% last year to a record $679 billion, with the bulk of the increase coming from companies in the US and…

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