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SIPRI: US dwarfs rest of world in armaments production ( & yet she claims that everybody else is a threat to peace & security!)
SIPRI: US dwarfs rest of world in armaments production
US firms are by far at the top of the global arms trade, according to an expert report. Germany’s largest defense company landed at 25th among the globe’s top 100; Russia, Turkey and China are also boosting production.
US companies hold more than half of the world market share for military equipment, according to a recent study by the Stockholm International Peace Research Institute, SIPRI.
The US company Lockheed Martin remains the undisputed leader among the world’s 100 largest defense companies — no other company in the industry made a larger profit in 2017. With sales amounting to $44 billion (€27.8 billion), Lockheed Martin leads the SIPRI ranking by a wide margin.
Germany’s largest defense group, Düsseldorf-based Rheinmetall AG, doesn’t even account for a 10th of this sum. With sales of $3.4 billion, Rheinmetall ranks 25th.
Read more: German arms exports — What you need to know
Big buyer: Washington
The success of front-runner Lockheed Martin is based primarily on the large equipment requirements of the US armed forces, for which the group manufactures various weapon systems. These include the F-35 Lightning combat aircraft and the C-130 Hercules transport aircraft.
Boeing is the world’s second-largest arms manufacturer. In July, President Donald Trump awarded Boeing the contract to build two new Air Force One aircraft for the president’s travels. Trump bargained the price down to $3.9 billion and did away with the previous light blue and white design…..more here
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