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The arms industry, also known as the defence (or defense) industry, military industry, or the arms trade, is a global industry which manufactures and sells weapons and military technology. Public sector and private sector firms conduct research and development, engineering, production, and servicing of military material, equipment, and facilities.
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Jan 1, 2023 · The arms industry is a global business whose participants manufacture, sell, and service weapons, military technology, and complementary equipment. It is heavily involved in research and development, engineering, producing and servicing military material, equipment, and facilities.
- Edmund F. Byrne
- ebyrne@iupui.edu
Dec 9, 2019 · CNN —. The global arms industry continues to grow with total sales up 4.6% last year, according to data from the Stockholm International Peace Research Institute (SIPRI) released Monday.
Aug 19, 2022 · By Olivia B. Waxman. August 19, 2022 10:27 AM EDT. America’s gun industry is currently fixated on selling military-style weapons to consumers—semi-automatic rifles similar to those used by...
The combined arms sales of the world’s largest arms-producing and military services companies (the SIPRI Top 100) were $592 billion in 2021 (see annex 11).
