A new Stockholm International Peace Research Institute report says sales of military services and weapons systems worldwide reached $398.2B in 2017, a figure that reflects a 2.5 percent increase from 2016. SIPRI said Monday the U.S. arms industry landed the top spot in the 2017 Top 100 for posting a 2 …
Read More »SIPRI Report: Global Military Expenditure Reached $1.7T in 2017
A new Stockholm International Peace Research Institute report says military spending worldwide hit a total of $1.7 trillion in 2017, reflecting a 1.1 percent increase from 2016. SIPRI said Wednesday U.S. military spending remained steady for two years in a row at $610 billion and the country remained the world’s largest …
Read More »SIPRI: 2016 Global Military Arms Sales Hit $375B
A new Stockholm International Peace Research Institute report says military arms and services sales worldwide reached a total of $374.8 billion during 2016. SIPRI said Monday the figure reflects a 1.9 percent increase from 2015 and represents the first year of growth in arms sales since 2010. Sales of U.S. arms …
Read More »SIPRI: Global Defense Spend Bucks 4-Year Downward Trend, Oil Plunge Drives Some Cuts by Producers
A new report from the Stockholm International Peace Research Institute says military spending worldwide in 2015 posted a year-to-year increase for the first time since 2011 at a rate of 1 percent to $1.7 trillion total. SIPRI said Tuesday the figure reflects a rise in spending in Eastern and Central Europe, Asia and …
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