Military spending: 20 companies profiting the most from war
There was a 1.1 percent increase in global military spending in 2017, according to the Stockholm International Peace Research Institute.
The global rise was driven partially by a $9.6 billion hike in U.S. arms expenditure – the United States is the world’s largest defense spender by a wide margin. Though it is yet unclear what the growing arms investments will mean for international relations, major defense contractors around the world stand to benefit.
Total arms sales among the world’s 100 largest defense contractors topped $398 billion in 2017 after climbing for the third consecutive year. Notably, Russia, one of the countries with the fastest growing militaries over the last decade, became the second largest arms-producing country, overtaking the United Kingdom for the first time since 2002. The United States’ position as the top arms-producing nation in the world remains unchanged, and for now unchallenged.
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Militaryhttps://eu.usatoday.com/story/money/2019/02/21/military-spending-defense-contractors-profiting-from-war-weapons-sales/39092315/
