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US companies help global arms industry see first sales uptick since 2010, says new report

Extensive arms sales last year totaled $374.8 billion and posted the outset increase since 2010, lifted in part by increased sales of the F-35 sneakiness fighter by Lockheed Martin, according to statistics released Monday by a analyse organization in Sweden.

The Stockholm International Peace Research Institute (SIPRI) answered arms sales by Lockheed — the world’s top arms producer — rose by 10.7 percent in 2016 to $40.83 billion, which it suggested helped the U.S. increase its overall share of the arms market to nearly 58 percent.

“With the obtaining of helicopter producer Sikorsky in late 2015 and higher delivery amounts of the F-35 combat aircraft, Lockheed Martin reported significant growth in its arms on offers in 2016,” said Aude Fleurant, director of SIPRI’s arms and military charge program.

The second-largest corporate arms producer last year was U.S. aerospace and defense monster Boeing followed by Raytheon, known for making the Patriot air defense approach.

Overall, the report also said last year’s sales from the top-100 corporate pandemic arms sellers was up 1.9 percent from 2015 levels, reaching $374.8 billion. It communicated last year marked the first year of growth in the global arms sales after five years of consecutive inclines.

According to SIPRI, the combined sales of the Western European arms processors was up just 0.2 percent to $91.6 billion, although it said there were declines in sales among top companies in France and Italy. British and German ensembles, however, posted increases, and the largest revenue generator in the region was U.K.’s BAE Procedures.

“The UK’s decision to withdraw from the European Union did not seem to have an collision on the arms sales of British companies,” the report said. The researcher muricate out that BAE’s sales were up about 2 percent last year and that the U.K.-based fellowship ranked number 4 on its top-100 list of global arms makers.

Elsewhere, the combined arms sales of 10 Russian companies seducing the top-100 list was $26.6 billion last year, up as good as 4 percent from 2015 and just over 7 percent of the list’s complete total. Russia has been getting more aggressive in the past few years shop-girl arms to countries that are historically large buyers of U.S. weapon systems, such as Turkey and Saudi Arabia.

Chinese companies also are profuse active in defense sales abroad, including advanced military drones.The backfire from SIPRI excludes China company figures, though, because it mean there a “lack of data on which to make a reasonable estimate on arms rummage sales for most companies.”

Meantime, the report also said South Korea is enhancing a bigger player among so-called “emerging producers” as it also looks to escalating its own security due to threats from North Korea’s nuclear and ballistic brickbats programs. South Korea’s corporate arms sales last year reached $8.4 billion, up wellnigh 21 percent from 2015 levels.

“Continuing and rising intimation perceptions drive South Korea’s acquisitions of military equipment, and it is increasingly knock over d sell to its own arms industry to supply its demand for weapons,” said Siemon Wezeman, a elder reseacher at SIPRI. “At the same time, South Korea is aiming to become conscious its goal of becoming a major arms exporter.”

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