Arms manufacturers in North America and Western Europe dominated international arms sales in 2014, but their market share dropped while Russian and Asian companies saw theirs rise, the Stockholm International Peace Research Institute (SIPRI) reported Monday.
Total turnover for the 100 biggest arms and military services companies declined for the fourth year in a row, falling by 1.5 per cent from 2013 to stand at $401 billion.
The top company was United States (US)-based Lockheed Martin, which saw sales grow by 3.9pc to $37.5 billion for 2014.
Companies based in Western Europe and the US continue to dominate the top 100, with 80pc …read more
Source: Pakistan Today
