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Swedish Saab becomes one of the world's leading producer and exporter of war materials as the sector grew globally in 2010 despite economic declinesMonday, 27 February 2012
Saab climbs three places up the list of world's largest arms manufacturers, according to figures provided by research institute SIPRI published Monday. World trade in military equipment continues to increase unaffected by the current recession.
The good times continue for the world's 100 largest arms manufacturers. In 2010 their sales amounted to just over 411 billion USdollars (Skr2800 billion). This trend of growth has continued such that in ten years the increase has been 60 percent.
This is reflected in an annual report from the Stockholm-based peace research institute SIPRI published today.
“Figures for 2010 show again the big operators' ability to continue to sell arms and military services, despite the current weak economic activities faced by other industries,” says Susan Jackson, SIPRI arms industry expert, in a statement.
A Swedish company is really on the list of 100 companies that produce and export military hardware, namely Saab. The company climbed in 2010 from 31 to 28 places. Saab's sales totalled about $ 2.8 billion (Skr20 billion) in 2010, compared with about Skr2.6 billion the previous year.
But if you look a little deeper at the statistics, there were Sweden represented in more than the top 100 list. Large parts of the Swedish arms industry is namely now in the British group BAE Systems, the world's second largest producer of military equipment. Both Hagglunds and Bofors, has become BAE System’s Land & Armaments division.
American companies dominate the list considerably. Of the list, 100 companies on the list, 44 are from the United States and together account for more than 60 percent of sales value, according to SIPRI. The Western European producers' share amounts to 29 percent.
The world leader is Lockheed Martin (USA) with sales of $35.7 billion in 2010. This is followed by British BAE Systems (32.8), ie a group with major Swedish interests and smaller arms companies.
Other giants are Boeing and Northrop Grumman, both from the USA.
SIPRI also points out the growing sales of military services. This relates for example to the training, system support and repairs. The value of those sectors have seen sales risen from $22.3 billion 2002 to $55 billion in 2010. One reason is the rapid development in military technology.
The SIPRI Top 100 arms-producing and military services companies, 2010
By Scancomark.se Team
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