US, China dominated arms market in 2019: report

[xizhimen]

US, China dominated arms market in 2019: report​

By AFP​

December 7, 2020

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 Monday.

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.

“Europe remains a bit dispersed…but if you combine the European companies together you could have European companies the same size” as US and Chinese manufacturers, Beraud-Sudreau noted.

Airbus (European, 13th in the ranking) and Thales (French, 14th) can meanwhile boast of having the strongest international presence — each is represented in 24 countries, ahead of US Boeing.

“European companies are more internationalised” than others, Beraud-Sudreau said.

– Breakthrough in the Mideast –​

For the first time, a company from the Middle East made it into the “Top 25”: EDGE, of the United Arab Emirates, was formed by the consolidation of some 25 defence entities in 2019.

In 22nd spot, EDGE “is a good illustration of how the combination of high national demand for military products and services with a desire to become less dependent on foreign suppliers is driving the growth of arms companies in the Middle East,” SIPRI researcher Pieter Wezeman said in the report.

SIPRI also noted that French group Dassault had shot up from 38th to 17th place, boosted by exports of its Rafale fighter jets in 2019.

Meanwhile, two Russian companies were also in the “Top 25”, Almaz-Antey in 15th spot and United Shipbuilding in 25th.

Beraud-Sudreau noted that Russian companies were in better shape several years ago thanks to a vast modernisation programme for its military, but business had since “slowed sharply”.

Sanctions imposed on Moscow after its 2014 annexation of Crimea and a drop in natural gas and energy prices had impacted Russia’s economy, she said.

“Russia has had to slow down its plans to modernise its military equipment… As a result there have been fewer orders from the Russian state, fewer new projects launched, and a drop in revenue,” she said.

US, China dominated arms market in 2019: report ---

US and Chinese companies dominated the global arms market in 2019, while the Middle East made its first appearance among the biggest weapons manufacturers

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[xizhimen]

Chinese Defence Industry becomes world's second largest in 2019​

Sputnik
5:06 PM | December 11, 202

Even the limited amount of available data suggests that Chinese military companies' share on the global arms market is second only to that of their American rivals.

Four Chinese defence industry companies have made it onto the list of the 25 largest military equipment producers, with a combined $56.7 billion in sales in 2019, according to new analysis by the Stockholm International Peace Research Institute (SIPRI). This placed China second in terms of manufacturing and selling armaments, although the analysis appeared to ignore several major Chinese companies working in the field of shipbuilding and missile manufacturing due to the inaccessibility of records on their performance, The Wall Street Journal noted.

At the same time, SIPRI's analysis of the available data suggests that the Chinese arms market grew slower than the rest of the industry on average. The aforementioned Chinese defence companies increased their revenues by around 4.8% over the last year.

China has been actively developing its defence industry over the last decade, presenting a number of new additions to its military arsenal, including a new domestically-made aircraft carrier, the Type 002 Shandong and the fifth-generation stealth jet Shenyang FC-31.

The US secured first place on the list of countries in terms of arms market share, with 12 companies present in the top 25 list, SIPRI's report shows. They jointly accounted for some $221.2 billion in sales in 2019. The combined total of the 25 companies listed was $361 billion. Lockheed Martin, which recently presented its F-35 jets to the market, garnered the top spot among all defence companies in terms of 2019 revenue with $53.2 billion and over 12% growth compared to 2018.

European and Russian defence companies trail the US and China. Two Russian companies, Almaz-Antey and United Shipbuilding remained in the top 25, with $634 million in sales, while another one, United Aircraft, dropped out due to tanking financial results.

Chinese Defence Industry becomes world's second largest in 2019

Even the limited amount of available data suggests that Chinese military companies' share on the global arms market is second only to that of their American

nation.com.pk