Income of well-known companies from sale of weapons decreased

15:15 - 4.12.2023


December 4, Fineko/abc.az. Revenue from the sale of weapons and military services to the 100 largest companies in the industry in 2022 amounted to $597 billion, compared with $618 billion a year earlier, ABC.AZ reports, referring to the Stockholm International Peace Research Institute (SIPRI).

SIPRI stated that American and European manufacturers have not been able to significantly increase production, despite increased demand for their products. Experts attribute this to shortage of labor, rising costs and disruption of supply chains. It is noted that orders were placed at the end of the year, which is why the growth in demand did not affect revenue in 2022.

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