The United States remains the global leader in arms sales, while Russia has surpassed Britain to take the No. 2 spot as it attempts to modernize its military, a leading research group says.
The Stockholm International Peace Research Institute (SIPRI) said on December 10 in its annual report the combined sales of arms and military services by U.S. companies rose 2 percent in 2017 to $222.6 billion.
Russia became the second-largest arms producer, it said, with $37.7 billion, up 8.5 percent from a year earlier.
The group based its calculations on the combined sales of arms-related enterprises ranked among the top 100 producers worldwide. The United States had 42 of the top 100 companies, while Russia had 10, it said.
“Russian companies have experienced significant growth in their arms sales since 2011,” said Siemon Wezeman, senior researcher with SIPRI’s Arms and Military Expenditure Program.
“This is in line with Russia’s increased spending on arms procurement to modernize its armed forces,” he added.
The report said that for the first time, a Russian company, state-owned Almaz-Antey, appeared in the Top 10 in the ranking for global arms sales.
Alexandra Kuimova, a research assistant, said that Almaz-Antey, already Russia’s largest arms-producing company, increased arms sales 17 percent in 2017 to $8.6 billion.
The report said that along with Almaz-Antey, three other Russian Top 100 firms increased their arms sales by more than 15 percent: United Engine Corp. (25 percent), High Precision Systems (22 percent) and Tactical Missiles Corp. (19 percent).
Britain remained Western Europe's largest arms seller, with a total of $35.7 billion, and it had seven companies listed in the Top 100.
The report also cited strong growth of Turkish arms sales, saying it "reflects Turkey’s ambitions to develop its arms industry to fulfill its growing demand for weapons and become less dependent on foreign suppliers."
Overall, the report said, sales of the top 100 firms totaled $398.2 billion in 2017, a 2.5 percent increase over 2016. Sales of Chinese firms were not included, it noted, saying the information was not reliable.
SIPRI, established in 1966, describes itself as an independent international institute dedicated to research into conflict, armaments, arms control, and disarmament.