Published : Dec. 16, 2018 - 17:38
Russia has overtaken Britain to become the world’s second-biggest arms producer, surpassed only by the United States, the Stockholm International Peace Research Institute said in a recent report.
Russia had 10 companies on Sipri’s 2017 Top 100 list, which identifies the world’s leading arms-producing and military services companies. The 10 companies’ sales totaled $37.7 billion, Sipri said, 9.5 percent of arms sales by all countries on the list.
That put Russia in second place, a position previously held by Britain since 2002.
The US topped the list with 42 companies and sales of $226.6 billion - 57 percent of the Top 100’s arms sales.
The figures exclude China, for which no data is available, Sipri stated in the report.