Global arms revenues surge on the back of war: Sales hit US$632b in 2023, report reveals

Quick Summary:

STOCKHOLM, Dec 3 — Sales by major arms makers were boosted last year by wars in Ukraine and Gaza and tensions in Asia, w...

Sales from the world’s top 100 arms companies “still did not fully reflect the scale of demand, and many companies have launched recruitment drives, suggesting they are optimistic about future sales,” Scarazzato added.

Revenues had dipped in 2022 as global weapons makers struggled to meet the increase in demand, but many of them managed to increase production last year, the authors of the report noted.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaIsraelJapanSouth KoreaTurkeyUkraine

Topics: Arms dealer Weapons War Arms Gaza Asia Military service

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 07:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 687 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 24068921

View Article Analysis

About Malay Mail

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 9 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 44 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

Frequently Asked Questions