Russia's state-owned Almaz-Antey firm increased arms sales 17 percent in 2017.
RFE: U.S. Remains No. 1 In Arms Sales, While Russia Rises To Second
The United States remains the global leader in arms sales, while Russia has surpassed Britain to take the No. 2 spot as it attempts to modernize its military, a leading research group says.
The Stockholm International Peace Research Institute (SIPRI) said on December 10 in its annual report the combined sales of arms and military services by U.S. companies rose 2 percent in 2017 to $222.6 billion.
Russia became the second-largest arms producer, it said, with $37.7 billion, up 8.5 percent from a year earlier.
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More News On Current Global Arms Sales
Think tank: Russia emerges as world’s No. 2 arms producer -- AP
U.S., Russian Arms Makers Raise Share of Top 100 Amid Build-Up -- Bloomberg
SIPRI: US dwarfs rest of world in armaments production -- DW
Russia arms industry second behind US: Sipri -- Politiko
