International sales of arms and military services grew again in 2016 after five years of consecutive decline, according to new data by the Stockholm International Peace Research Institute (SIPRI).
The world`s 100 largest armaments firms posted total sales of $374.9 percent higher than in 2015, the research institute said Monday. SIPRI said that a noticeable trend was a rise in sales for U. arms producers and the number of U. military services companies ranked in the SIPRI top 100.
"At a combined total of $217.2 billion, arms sales of U. companies listed in the SIPRI Top 100 grew by 4.0 percent in 2016," it said, attributing the rise to U. military operations overseas as well as acquisitions of large weapon systems by other countries.
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