Worldwide military expenditure shrunk in 2013 for the second consecutive year, falling by 1.9% to $1.75 trillion. The 100 largest arms-producers sold a combined $402 billion worth of arms and military services in 2013, also down — for the third consecutive year.
However, not all countries are spending less. Military spending in North America and in Western and Central European countries has continued to decline, while other countries such as Brazil and Russia have increased their arms investments.
Despite the global drop, weapons producers generated massive profits from arms sales, and U.S. and European companies continued to dominate the top 10 global companies in terms of arms deals. Lockheed Martin was the global leader with $36 billion in arms sales in 2013, according to the Stockholm International Peace Research Institute (SIPRI).
These are the companies profiting the most from war.
In fact, the top 10 companies tend to change very…
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