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Ukroboronprom ranked 81st in Top 100 of world's major arms producers

U.S. is the world's leader in the weapons sale, Russia comes second
09:44, 10 December 2018

Ukroboronprom

Russia beat Great Britain in 2017 and took the second place in the world of a weapons sale, as the report of the Stockholm International Peace Research Institute (SIPRI) says.

“The total for the SIPRI Top 100 in 2017 is 2.5 per cent higher than in 2016 and represents an increase of 44 per cent since 2002 (the first year for which comparable data is available; the figures exclude China). This is the third consecutive year of growth in Top 100 arms sales,” the report reads.

Related: Russia to produce banned missiles if U.S. exits arms treaty

The U.S. continue to dominate in the ranking. The Stockholm International Peace Research Institute prepares its report using the data of a hundred world’s leading weapons producers, 42 of which are American. Five American major armory industries are in the Top 10. Lockheed Martin and Boeing are considered the largest weapons producers.

“Taken together, the arms sales of US companies grew by 2.0 per cent in 2017, to $226.6 billion, which accounted for 57 per cent of total Top 100 arms sales. Five US companies were listed in the top 10 in 2017,” the report says.

Related: Russia puts laser weapon into service

Ukraine was not mentioned in the report; yet, it is present in the Top 100 of the major arms producers. “Ukroboronprom” takes 81st place with sales worth $1,02 billion. Compared to the previous year, the Ukrainian company lost two positions.

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