Report: Global arms sales hit record $679B in 2024
HELSINKI— Global revenues from the world’s 100 largest arms companies reached a record-high of $679 billion in 2024, according to a report released Monday by the Stockholm International Peace Research Institute (SIPRI). The Sweden-based think tank reported that revenues from sales of arms and military services rose by 5.9 percent year-on-year, driven by heightened global…