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Twenty-three of the 26 companies in Europe, excluding Russia, saw their arms revenue increase as the continent boosted spending. Their aggregate income rose by 13% to $151 billion, fueled by demand linked to the war in Ukraine and the perceived threat from Russia.(AFP/Representational)
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Revenues of 100 arms makers marked record high in 2024 due to Ukraine, Gaza wars: Report

Cs news8 months ago05 mins

The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday. Twenty-three of the 26 companies in Europe, excluding Russia, saw their…

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