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Despite rising demand, arms sales hampered by production woes: study

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Despite rising demand, arms sales hampered by production woes: study

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STOCKHOLM: Even with the war in Ukraine fueling demand, revenue for the world’s top arms suppliers dipped in 2022, as production issues kept companies unable to increase production, researchers said Monday.
The sales of weapons and military services by the 100 largest arms companies in the world totalled $597 billion in 2022, a decrease of 3.5 percent compared to 2021, according to a new report by the Stockholm International Peace Research Institute (SIPRI).

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