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Sales by the world’s top 100 arms manufacturers reached a record $679 billion in the past year, marking a 5.9% increase fueled by the conflicts in Ukraine and Gaza. According to researchers, this surge represents a 26% growth in arms revenues between 2015 and 2024. Despite the heightened demand, production bottlenecks have hampered the delivery of arms. This signifies a considerable expansion in the global arms market, driven by ongoing geopolitical instability and conflict.
