The pandemic has only slightly disrupted the trade in military equipment. Admittedly, the armaments manufacturers suffered from the confinements, which slowed down their activity and put a stop to the travel of their representatives in client countries. Deliveries have been delayed and supply chains have been disorganized for a time. But overall, their activity has held up well, as evidenced by the latest report made public on Monday by the Stockholm International Peace Research Institute (Sipri). In 2020, the turnover of the 100 largest armaments groups reached a new record at 531 billion dollars, an increase of 1.3% compared to 2019. This growth is all the more remarkable given that, in the same time, global GDP fell 3.1%. "
The revenues of the top 100 defense groups have grown steadily since 2015 to show an increase of 17% over five years,
”says Sipri.
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