Top 10 Global Arms Dealers, US Company Takes the Lead

According to data from the Stockholm International Peace Research Institute (SIPRI), global arms sales have shown a consistent upward trend.

In 2021, global arms sales reached US$592 billion, a 7.6% increase compared to 2020. Compared to two decades ago, global arms sales from 2002 to 2021 have surged by 174%.

In 2021, the world's largest arms sales came from Lockheed Martin, a company based in the United States (US).

Lockheed Martin initially emerged as a civilian aircraft manufacturer. However, it has since expanded to produce fighter jets, rockets, missiles, military radar, and various other military technologies.

In 2021, Lockheed Martin recorded arms sales of US$60.3 billion. These arms sales contributed 90% to the company's total revenue, placing it at the top of the global arms traders list.

Similarly, Boeing, while known as an aircraft manufacturer, also produces various military equipment, including bombs and guided missiles.

Throughout 2021, Boeing generated US$33.4 billion from arms sales, contributing 54% to its total revenue.

Besides the US, the top 10 global arms traders include companies from the UK and China. The details are as follows:

1. Lockheed Martin (US): US$60.34 billion
2. Raytheon Technologies (US): US$41.85 billion
3. Boeing (US): US$33.42 billion
4. Northrop Grumman (US): US$29.88 billion
5. General Dynamics (US): US$26.39 billion
6. BAE Systems (UK): US$26.02 billion
7. NORINCO (China): US$21.57 billion
8. Aviation Industry Corporation of China/AVIC (China): US$20.11 billion
9. China Aerospace Science and Technology Corporation/CASC (China): US$19.10 billion
10. China Electronic Technology Group Corporation/CETC (China): US$14.99 billion