• Sweden edition
 
Global arms sales on the rise: Swedish think tank

Global arms sales on the rise: Swedish think tank

Published: 21 Feb 2011 07:59 GMT+01:00
Updated: 21 Feb 2011 07:59 GMT+01:00

The world's 100 largest arms dealers, excluding Chinese vendors, sold weapons for $401 billion in 2009, with US vendors remaining in first place, according to a report published Monday.

"Despite the continuing global economic recession in 2009, the total arms sales of...100 of the world's largest arms-producing companies increased by $14.8 billion from 2008," the Stockholm International Peace Research Institute (SIPRI) said in a statement upon releasing the report.

That amounts to a year-on-year increase of 8 percent, and "an increase of a total of 59 percent in real terms since 2002", SIPRI said, pointing out that 61.5 percent of all 2009 arms sales made by the top 100 arms dealers could be attributed to 45 companies based in the US.

"US government spending on military goods and services is a key factor in arms sales increases for US arms-producing and military services companies and for Western European companies with a foothold in the US arms and military services market," SIPRI arms industry expert Susan Jackson explained in the statement.

On SIPRI's list of the world's 10 largest arms vendors, seven were American: Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, Raytheon, L-3 Communications and United Technologies.

In 2009, Lockheed Martin inched ahead of the UK's BAE Systems to take global first place, raking in $33.4 billion on arms sales compared to BAE's $33.3 billion. Meanwhile, both companies each accounted for 8.3 percent of all weapons sold by the world's top 100 vendors.

BAE's branch in the US alone accounted for $19.3 billion in sales, which if it had been a separate company would have secured it a seventh place on the global ranking, SIPRI said.

Thirty-three of the top 100 companies were based in nine western European countries: Finland, France, Germany, Italy, Norway, Spain, Sweden, Switzerland and Britain, accounting for $120 billion dollars worth of sales, or 30 percent of all weapons sold in 2009, according to SIPRI.

After BAE, the world's second-largest vendor, trans-European group EADS, topped the ranking for the continent, securing a seventh place with $15.9 billion in sales, or 4 percent of the global market, and Italian Finmeccanica, which ranked eighth globally, with $13.3 billion in sales and 3.3 percent of worldwide sales.

Ten of the companies figuring on the top 100 list were based in Asia, including four in Japan and three in India, while seven were located in the Middle East, three of which were based in Israel.

Together, companies in these two regions generated $24 billion in arms sales, or 6 percent of the global market, SIPRI said. However, these numbers do not include China.

"Although it is known that several Chinese arms-producing enterprises are large enough to rank among the SIPRI Top 100, a lack of comparable and sufficiently accurate data makes it impossible to include them," Jackson explained to AFP.

SIPRI defines arms sales as "sales of military goods and services to military customers, including both sales for domestic procurement and sales for export."

The think tank, which specialises in research on conflicts, weapons, arms control and disarmament, was created in 1966 and is 50 percent financed by the Swedish state.

AFP/The Local (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

08:47 February 21, 2011 by Nemesis
Between rising house prices and growing arms sales that should account for most of the growth in the Swedish economy.
09:32 February 21, 2011 by zeero
No s#%T Sherlock, even a baby, watching the news can see that....
09:55 February 21, 2011 by HYBRED
It is just a shame that more of these weapons/arms are not more available to the general public here in Sweden.
10:00 February 21, 2011 by Abdul Mannan
$401 billion in 2009.

I am sure that this the way all these countries are distributing the peace in the world, so that they can have their piece of cake. Like all the disputed or conspired issues have roots from these companies. This was the only one reason arranged an attack on twin towers and started war against terror, and the people who are ruling in different countries their agents so that they don,t have any leagal issues. while the most of the media in the world firing this further up. so their is unstopable cycle for producing and buying have started.
10:20 February 21, 2011 by UScitizen
@ zeero

How right you are!

"The think tank ....................... is 50 percent financed by the Swedish state. "

What a waste of the taxpayers money.
10:23 February 21, 2011 by dbeholder
Imagine 401 billion invested in finding the cure to cancer.
10:27 February 21, 2011 by Rishonim
@HYBRED, the weapons are available to the general public whom are set ready to cause damage to our way of life in this here Sweden. The terrorist already have the weapons stashed away and will not hesitate to use it against their neighbors when the time is right.
11:25 February 21, 2011 by johnny1939
You are right, all of you!!! My first thought reading the article was: "A think tank" for what?? We are actually wasting money on this? I am holding my head...perhaps I should not be reading The Local before coffee......
16:05 February 21, 2011 by SOUTHLONDON
There you go another European country earning its core wage for accessory to murder!!!!!!!!!!
16:33 February 21, 2011 by Swedesmith
War spelled backwards is raw...as in raw profits.
17:06 February 21, 2011 by wotist
@Nemesis - How big a share of the Swedish GDP do you think arms sales account for?!
01:38 February 22, 2011 by Ravioli
@SouthLondon-

Sure, europe is making weapons. But guess what? They aren't twisting anyone's arm to buy them!
08:07 February 22, 2011 by krattan
Swedish arms industry is somewhat of a cultural heritage. Due to vast supply of iron we probably exported battle axes already in the iron age and Sweden has been exporting cannons for hundreds of years. I don't think you can supply guns and still pretend to be a peaceful nation but I'm not sure where I stand on this. If you look at the world and its declining resources from a objective point of view it seems to be time to arm up again.
Today's headlines
Florida 'mystery knight' dies in Sweden
Michael Boatwright (R) and Medieval knight re-enactors.

Florida 'mystery knight' dies in Sweden

The "motel mystery" American who baffled US authorities by only speaking Swedish when he woke up from a coma last year has passed away, Swedish media reported on Wednesday. READ () »

Swedes open coffin of 850-year-old king
Photo: Bertil Ericson/TT

Swedes open coffin of 850-year-old king

UPDATED: Scientists pried open the 850-year-old casket of King Erik the Holy on Wednesday, hoping to find out more about the king, his crown, and his eating habits. READ () »

TeliaSonera announces first-quarter profit drop
TeliaSonera CEO Johan Dennelind. File photo: TT

TeliaSonera announces first-quarter profit drop

Stockholm-listed telecom operator TeliaSonera on Wednesday said profits had fallen in the first quarter, but hoped offering customers more data solutions in the future would turn things around. READ () »

'Imperfect EU better than revolting nationalism'
Fredrik Reinfeldt. File photo: TT

'Imperfect EU better than revolting nationalism'

Swedish Prime Minister Fredrik Reinfeldt on Wednesday urged young voters to head to the European parliamentary polls on May 25th "to cure the European disease of nationalism". READ () »

Ericsson quarterly profit defies sluggish sales
Ericsson CEO Hans Vestberg at the first quarter press conference. Photo: TT

Ericsson quarterly profit defies sluggish sales

Swedish telecom giant Ericsson on Wednesday announced a drop in sales but posted a sharp rise in first-quarter profit, which nonetheless fell shy of analyst predictions. READ () »

Fatal Norrköping brawl
Four brothers held as cops fear brawl reprisals
Photo: Johan Nilsson/TT

Four brothers held as cops fear brawl reprisals

Swedish police fear that several people involved in a brawl in eastern Sweden on Monday night may be seeking revenge after two brothers were shot dead. READ () »

Sponsored Article
Beautiful pearls of southeast Sweden
The town of Västervik.

Beautiful pearls of southeast Sweden

Ask a Swede, and they are likely to say that their favourite holiday spot is in the southeast of Sweden. Eastern Småland and Öland offer a smörgåsbord of all the things dearest to the Swedes - from the beloved children's book author Astrid Lindgren to deep forests, long sandy beaches, perfect spots for that all-important 'fika', and a surprising amount of space, peace and quiet. READ () »

Weekend weather to bring summer warmth
Swedes enjoy hot dogs and cherry blossoms in Stockholm's Kungsträdgården. Photo: Jessica Gow/TT

Weekend weather to bring summer warmth

The sun is set to stick around and temperatures could climb into the twenties over the weekend, Swedish meteorologists said on Wednesday READ () »

'Day-care rapist' admits molesting eight kids

'Day-care rapist' admits molesting eight kids

A 21-year-old man confessed on Wednesday to sex crimes against eight children at a day care where he was working as an intern. READ () »

Swedish cops nab man for having big muscles
An unrelated bodybuilder. File photo: Ann Törnkvist

Swedish cops nab man for having big muscles

Police in Sweden's south who hauled a muscular man in for steroid testing have had their knuckles rapped, after it was ruled that big biceps cannot be grounds for narcotics suspicions. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
TT
Gallery
Inside the 850-year-old king's coffin
Features
Sponsored: South-eastern Sweden offers Öland beaches and more
Gallery
Swedish underwear shop puts staff in front of the camera
Gallery
IN PICTURES: The Local's Property of the Week - Täby
Sponsored: India+Sweden Week - India Unlimited
Features
Sponsored: India+Sweden Week - A film, food, and finance feast
National
University applications rocket to record high
finest.se
Gallery
People-watching April 18-20
TT
Society
Kids in Victorian garb mark Swedish Easter
Shutterstock
National
Swedish MP ordered chemtrail probe
Society
Swedish supermarket Ica pulls contested Easter commercial off air
Kungahuset
Society
Swedish royals set baptism date for princess
finest.se
Gallery
People-watching April 16
Advertisement:
Politics
Who's the prime minister's heir?
Alfie Atkins
Society
Are children's books the key to families integrating in Sweden?
National
'Sweden Dem protests cater to party's martyr image'
National
'Swedish research grants were fantastic, but now it's like Australia'
Society
Only in Sweden: The ten problems you'd never encounter elsewhere
National
Swedes stopped to take my picture, but didn't look me in the eyes
Business & Money
A swipe of the hand replaced cash and cards in Lund
YouTube
Features
Video: Oliver Gee finds out how to embrace The Swedish Hug
TT
National
Abba duo hints at reunion
Private
National
Flash mobs hug it out across Sweden
Finest.se
Gallery
People-watching April 11-13
Stockholm School of Economics
Sponsored Article
Why a bachelor's degree is no longer enough
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Blog Update: The Diplomatic Dispatch

28 October 15:16

The Green Growth Group Summit »

"Today on the 28 October in Brussels, a large group of key EU Ministers and business people, including UK Secretary of State for Energy and Climate Change Edward Davey, and Swedish Environment Minister Lena Ek, will meet to discuss green growth. They all have a stake in resolving a challenge which, although it is crucial..." READ »

719
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com