Global arms giants hit record $1 trillion in revenue, fuelled by Ukraine and Gaza wars
The world's weapons-producing companies are cashing in on the wars in Ukraine and Gaza, as well as benefiting from other countries ramping up military spending. Stoked by the wars in Gaza and Ukraine, the revenues of the 100 largest arms-makers grew to a record US$679 billion ($1 trillion) last year.…
bubmagDecember 1, 2025