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Global arms sales increase for first time since 2010
Key Excerpts from Article on Website of The Independent (One of the UK's leading newspapers)
Posted: March 5th, 2018
http://www.independent.co.uk/news/world/politics/arms-sales-...
Global sales of weapons and military services have risen for the first time in five years, helped in part by an increase in sales by British companies. Weapons many of which are fueling deadly conflicts in the Middle East are now being bought and sold at the highest level since 2010, with sales up more than a third (38 per cent) since 2002. Military kit worth $374.8bn (280bn) was sold in 2016 by the industrys top 100 companies, an annual review by the Stockholm International Peace Research Institute (Sipri) found. The booming books of some of the worlds largest defence companies can be explained both by an increasingly militarised world and spiraling costs of complex battlefield equipment, Professor Taylor [of the Royal United Services Institute] said. Equipment costs are going up and the trend is not abating," he told The Independent. UK arms sales to Saudi Arabia have been among the most controversial transfers of military hardware anywhere in the world, with critics of the Government warning that the equipment is being used by a country that refuses to end its blockade of Yemen. Thousands of people have been killed in that conflict, which pitches a Saudi-led coalition against Iran-backed Houthi rebels. UK sales of arms and military kit to the Saudis reached 1.1bn in the first half of 2017. Meanwhile, the US Defense Security Cooperation Agency, which implements foreign arms sales, announced sales of $41.93bn for the year to the end of September, a 25 per cent rise on the previous 12 months.
Note: See an excellent and revealing graphic of the world's 100 largest arms sellers. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.
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