Ukroboronprom ranked 81st among world’s top arms producers
Sales of arms and military services by the world’s largest arms-producing and military services companies totalled $398.2 billion in 2017.
As reported by Censor.NET citing the new international arms industry data - the SIPRI Top 100 - released on Dec. 10 by the Stockholm International Peace Research Institute (SIPRI), the U.S. companies increased their share of total Top 100 arms sales while Russia became the second largest arms producer.
The total for the SIPRI Top 100 in 2017 is 2.5 percent higher than in 2016 and represents an increase of 44 percent since 2002 (the first year for which comparable data is available; figures exclude China). This is the third consecutive year of growth in Top 100 arms sales.
With 42 companies listed in 2017, companies based in the United States continued to dominate the Top 100 in 2017. Taken together, the arms sales of U.S. companies grew by 2.0 percent in 2017, to $226.6 billion, which accounted for 57 percent of total Top 100 arms sales. Five U.S. companies were listed in the top 10 in 2017.
Lockheed Martin remained the world’s largest arms producer in 2017, with arms sales of $44.9 billion.
The combined arms sales of Russian companies accounted for 9.5 percent of the Top 100 total, making Russia the second largest arms producer in the Top 100 in 2017—a position that had been occupied by the United Kingdom since 2002. Taken together, the arms sales of the 10 Russian companies listed in the Top 100 increased by 8.5 per cent in 2017, to $37.7 billion. ‘Russian companies have experienced significant growth in their arms sales since 2011,’ says Siemon Wezeman, Senior Researcher with SIPRI’s Arms and Military Expenditure Programme. ‘This is in line with Russia’s increased spending on arms procurement to modernize its armed forces.’
The UK remains the largest arms producer in Western Europe. The combined arms sales of the 24 companies in Western Europe listed in the Top 100 increased by 3.8 per cent in 2017, to $94.9 billion, which accounted for 23.8 per cent of the Top 100 total. The UK remained the largest arms producer in the region in 2017, with total arms sales of $35.7 billion and seven companies listed in the Top 100.
Ukraine is not mentioned in the report but it ranks 81st among the worlds’ top 100 arms producers with arms sales totaling $1.02 billion. Compared to the last year, Ukrainian arms manufacturer moved down two ranks.
