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Showing posts with the label European arms industry

The Tanks of European Rearmament

Internationalism No. 84, February 2026 Page 7 From the series War industry and European defence European arms industry sales amounted to €183.4 billion in 2024, with a 13.8% annual increase. This information comes from the latest report of ASD (Aerospace, Security, and Defence), the sector's industrial association, which also includes the United Kingdom, Norway, and Turkey. The report adds that the land defence sector earned €65.3 billion, with a 14.3% annual increase. The world's top 100 armaments groups listed in the chart drawn up by SIPRI (Stockholm International Peace Research Institute) registered a 5.9% increase in revenues in 2024, reaching a record figure of $679 billion, but the 26 European groups among them had double that rate of growth, amounting to 13%. SIPRI points out that Rheinmetall, with a 47% increase in turnover, and KNDS, with a more than 40% increase in orders, are among the companies with the most rapid gr...