MARCH 23/2022 post
the Evergreen industry of warfare…
https://allanhardingmackay.ca/courtpainter/?p=19129(opens in a new tab)
War Bucks UPDATE on Evergreen Industry of Warfare
Global News source: February 25,2023
Canada will be purchasing additional tanks to replace the ones being sent to Ukraine , Defence Minister Anita Anand said. Canada’s contributions to Ukraine’s war effort have come amid concerns about the Canadian Armed Forces’ capacities here at home.“I am always concerned to make sure that the Canadian Armed Forces have what they need to serve and protect this incredible country,” Anand said,
“What that means is we are going to be purchasing additional tanks for the Canadian Armed Forces.”
Click link for full media release
Arms sales of SIPRI Top 100 arms companies grow despite supply chain challenges
5 December 2022
(Stockholm, 5 December 2022) Sales of arms and military services by the 100 largest companies in the industry reached $592 billion in 2021, a 1.9 per cent increase compared with 2020 in real terms. This is according to new data released today by the Stockholm International Peace Research Institute (SIPRI).
The increase marked the seventh consecutive year of rising global arms sales. However, while the rate of growth in 2020–21 was higher than in 2019–20 (1.1 per cent), it was still below the average for the four years leading up to the Covid-19 pandemic (3.7 per cent).
Supply chain issues seen in 2021 likely to worsen due to Ukraine war
US companies dominate the Top 100, but sales decline
Europe: Aerospace sales fall, shipbuilding rises
Chinese companies drive rapid growth in Asian arms sales
Other notable developments
- Six Russian companies are included in the Top 100 for 2021. Their arms sales totalled $17.8 billion—an increase of only 0.4 per cent over 2020. There were signs that stagnation was widespread across the Russian arms industry.
- The five Top 100 companies based in the Middle East generated $15.0 billion in arms sales in 2021. This was a 6.5 per cent increase compared with 2020, the fastest pace of growth of all regions represented in the Top 100.
- The aggregated arms sales of the four Top 100 companies based in Japan was $9.0 billion, a decline of 1.4 per cent compared with 2020.
- This is the first year in which a Taiwanese firm appears in the Top 100. NCSIST (ranked 60th), which specializes in missiles and military electronics, recorded arms sales of $2.0 billion in 2021.
- Private equity companies are becoming more active in the arms industry, particularly in the USA. This could affect the transparency of arms sales data, due to less stringent financial reporting requirements compared with public companies.