Russia Ranks Second in Global Arms Sales

Russia has overtaken the UK to become the world’s 2nd largest weapons seller based on 2017 data according to a report by The Stockholm International Peace Research Institute (SIPRI). At number one, the US remains the undisputed king in weapons sales with sales of over $222.6 billion.

The following graphic shows additional details on global arms sales:

Click to enlarge

Source: Graphic News

Below is another graphic showing the destinations for Russian weapons:

Click to enlarge


Source: RFE/RL

The US firms listed in the top 15 include:

  • Lockheed Martin Corporation (LMT)
  • Boeing Co (BA)
  • Raytheon Company (RTN)
  • Northrop Grumman Corporation (NOC)
  • General Dynamics Corporation (GD)
  • United Technologies Corporation (UTX)
  • Level 3 Communications, Inc (LVLT)

Among the top European companies in the ranking are: 

  • BAE Systems PLC (BAESY)
  • Airbus Group SE (EADSY)

Defense sector stocks are like consumer staples in some ways. A defense firm’s products are required during good and bad economic periods. Defense stocks tend to offer steady long-term growth with wars, fears of wars or terrorism boosting defense budgets leading to more growth for the industry.

Disclosure: No positions

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