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SIPRI RESEARCH INSTITUTE REPORT

US, China dominated arms market in 2019

US and Chinese companies dominated the global arms market in 2019, while the Middle East made its first appearance among the 25 biggest weapons manufacturers, a report by the SIPRI research institute said yesterday.

The US arms industry accounted for 61 percent of sales by the world's "Top 25" manufacturers last year, ahead of China's 15.7 percent, according to the Stockholm International Peace Research Institute.

Total sales by the "Top 25" rose by 8.5 percent to $361 billion, or 50 times the annual budget of the UN's peacekeeping operations.

Six US companies and three Chinese firms were in the top 10, rounded out by Britain's BAE Systems in seventh spot.

"China and the United States are the two biggest states in terms of global arms spending, with companies cut to size," Lucie Beraud-Sudreau, director of SIPRI's arms and military expenditure programme, told AFP.

The US has dominated the market for decades, but for China -- whose companies' sales rose by almost five percent in 2019 -- "this increase corresponds to the implementation of reforms to modernise the People's Liberation Army underway since 2015," she said.

US companies Lockheed Martin, Boeing, Northrop Grumman, Raytheon and General Dynamics clinched the top five spots, while China's AVIC, CETC and Norinco held spots six, eight and nine. US group L3Harris Technologies was in 10th place.

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SIPRI RESEARCH INSTITUTE REPORT

US, China dominated arms market in 2019

US and Chinese companies dominated the global arms market in 2019, while the Middle East made its first appearance among the 25 biggest weapons manufacturers, a report by the SIPRI research institute said yesterday.

The US arms industry accounted for 61 percent of sales by the world's "Top 25" manufacturers last year, ahead of China's 15.7 percent, according to the Stockholm International Peace Research Institute.

Total sales by the "Top 25" rose by 8.5 percent to $361 billion, or 50 times the annual budget of the UN's peacekeeping operations.

Six US companies and three Chinese firms were in the top 10, rounded out by Britain's BAE Systems in seventh spot.

"China and the United States are the two biggest states in terms of global arms spending, with companies cut to size," Lucie Beraud-Sudreau, director of SIPRI's arms and military expenditure programme, told AFP.

The US has dominated the market for decades, but for China -- whose companies' sales rose by almost five percent in 2019 -- "this increase corresponds to the implementation of reforms to modernise the People's Liberation Army underway since 2015," she said.

US companies Lockheed Martin, Boeing, Northrop Grumman, Raytheon and General Dynamics clinched the top five spots, while China's AVIC, CETC and Norinco held spots six, eight and nine. US group L3Harris Technologies was in 10th place.

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