Top global arms producers’ revenues surge as major wars rage: SIPRI report

Al JazeeraCenterEN 5 min read 100% complete by Maziar MotamediDecember 1, 2025 at 12:59 AM

AI Summary

long article 5 min

In 2024, the world's 100 largest arms-producing companies saw a record $679 billion in revenue, according to a report by the Stockholm International Peace Research Institute (SIPRI). This 5.9% increase compared to the previous year was driven by the wars in Gaza and Ukraine, heightened geopolitical tensions, and rising military expenditures. Companies based in Europe and the United States accounted for most of the global increase, with US companies like Lockheed Martin, Northrop Grumman, and General Dynamics leading in sales. Notably, Elon Musk's SpaceX entered the top global military manufacturers list for the first time after more than doubling its arms revenues. While most regions saw increases, Asia and Oceania experienced a decline due to issues within the Chinese arms industry.

Key Entities & Roles

Key Player Opposition Context

Israel 40% South Korea 40% Elon Musk 50% United States ×250% North Korea 50% Lockheed Martin 60% Northrop Grumman 60% General Dynamics 60% SIPRI ×280%

Keywords

arms production 100% military spending 80% weapon sales 70% sipri 60% geopolitical tensions 60% lockheed martin 50% defense industry 50% ukraine war 40% gaza 40% spacex 40%