The 43 American defence firms in the top 100 sold $246bn-worth of arms between them in 2018, making up 59% of the list
“WE HAVE returned to an era of great-power competition, even constant conflict,” warned Britain’s senior military officer, General Sir Nick Carter, in a speech on December 5th. Bad news for most of us—but a tonic for arms dealers.
The list testifies to America’s dominance of the global military marketplace. The 43 American companies in the top 100 sold $246bn-worth of arms between them in 2018, making up 59% of the list. This year, for the first time, American firms made a clean sweep of the top five, with over a third of all sales. Lockheed Martin, which makes the F-35 warplane, has held the top slot for a decade; it is followed by Boeing, Northrop Grumman, Raytheon and General Dynamics.
Meanwhile, Russia’s state-owned arms industry is a shadow of its Soviet self. Its sales have surged over the past decade, as Vladimir Putin has pumped money into the modernisation of his conventional and nuclear forces. But the boom times seem to be drawing to a close. Many thought that Russia’s decisive intervention in Syria would be the ideal shop-window for its weapons, from Sukhoi jets to Iskander missiles.
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