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SIPRI Annual Arms Sales Report Reflects Surge in Russian Military Production

Sales of arms and military services by the largest arms-producing companies totalled $401 billion in 2014. The global slowdown in arms sales between 2013 and 2014 is mostly attributed to a decline of 5.2 per cent in revenues of companies based in the United States and Western Europe. Lockheed Martin, has bucked the regional trend with a 3.9 per cent growth in real terms Despite difficult national economic conditions, the Russian arms industry’s sales continued to rise in 2014.

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