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Tuesday, February 28, 2012

Defense Market Survey: U.S. Firms Continue to Rule Global Arms Sales

The world’s top suppliers of military hardware and combat support services scored sales of $411.1 billion in 2010, and 60 percent of that business went to U.S. companies, according to a study published today by the Stockholm International Peace Research Institute.

The institute unveiled the “SIPRI Top 100” survey for 2010, a database on international arms production. It contains financial and employment data on arms producing companies from countries that are members of the Organization for Economic Co-operation and Development and from developing countries, except China.

Total arms sales of the SIPRI top 100 inched up by 1 percent in real terms from 2009 to 2010. Since 2002, the top 100 have seen sales soar by 60 percent in real terms.

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