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Amid Russia's war in Ukraine, how much are weapons companies making?
euronews (in English)
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2 hours ago
Amid Russia's war in Ukraine, how much are weapons companies making?
The increase in revenue across EU arms companies was caused by the war in Ukraine and the perceived threat from Russia.
READ MORE : http://www.euronews.com/2025/12/10/amid-russias-war-in-ukraine-how-much-are-weapons-companies-making
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00:00
Amid Russia's war in Ukraine, how much are weapons companies making?
00:08
Revenues from the sale of weapons and military services by the world's biggest arms companies
00:13
have reached a record high. They increased by 5.9% to $679 billion in 2024, the highest figure
00:22
ever recorded, according to the Stockholm International Peace Research Institute.
00:26
26 of the top 100 arms makers, which are based in Europe, saw aggregate revenues grow by 13% to $151 billion.
00:36
The sharpest percentage increase in weapons revenues of any top 100 company in 2024 was recorded by the Czech company
00:43
Czechoslovak Group, which rose by 193% to $3.6 billion.
00:49
In 2024, the arms revenues of the four French companies in the top 100 reached $26.1 billion,
00:56
an increase of 12% compared with 2023. The increase was partly driven by growing demand
01:02
for its AI and quantum-related technologies. The arms revenues of the two Italian companies
01:07
in the top 100 saw a rise of 9.1% to $16.8 billion in 2024. Four companies based in Germany were also
01:16
in the top 100. Taken together, their arms revenues increased by 36% to $14.9 billion.
01:23
This increase in revenue across EU companies was tied to demand from the war in Ukraine
01:28
and the perceived threat from Russia.
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