NEW DELHI: Indian defence PSUs Hindustan Aeronautics (HAL), Bharat Electronics (BEL) and Mazagon Docks (MDL) continue to figure in the global top 100 arms-producing companies, but together accounted for just a paltry 1.1% of the global arms sales last year.Global arms revenues rose sharply by 5.9% to reach a record $679 billion in 2024, with the demand being boosted by the Ukraine and Gaza conflicts, global and regional geopolitical tensions, and ever-increasing military expenditures, as per the latest report released by Stockholm International Peace Research Institute (Sipri) Monday.The top 100 list is dominated by 39 US companies, together accounting for $334 billion. China follows next with eight companies, with a total of $88 billion. HAL was ranked 44th with $3.8 billion in arms sales, BEL 58th with $2.4 billion and MDL 91st with $1.2 billion, an overall increase by 8.2%.The top five companies in the list were Lockheed Martin (US), RTX or Raytheon (US), Northrop Grumman (US), BAE Systems (UK) and General Dynamics (US).End of ArticleFollow Us On Social MediaVideosWatch: MPs Speak Out as SIR Row Dominates Winter Session OpeningIndia’s Elections Earn Global Praise, CEC Calls It A ‘Moment Of Pride’ Amid Vote Row ClaimsHaryana Bodybuilder Killed After Standing Up To Harassers; Family Says Attack Was Planned MurderModi Trolls Opposition Over Bihar Setback Days Before Parliament ShowdownWoman Marries Boyfriend’s Corpse After Family Kills Him, Alleges Police Provoked BrotherMajor Twist In BrahMos Espionage Case As Higher Court Acquits Scientist Of Passing Defence SecretsRamaphosa Praises PM Modi’s Endorsement of South Africa Hosting G20 Summit, Counters Trump’s Claims‘Is There Any Law?’ Renuka Chaudhary Sparks Row After Bringing Stray Dog to ParliamentBSF IG Warns Of Looming Threat As 120 Terrorists Wait In PoK Despite Dip In Infiltration AttemptsPakistan Rages At UN After Criticism Of Munir’s Immunity Amendment Amid Fears Of Deeper Militarism123PhotostoriesKamal Haasan performances that redefined Indian cinema foreverIncrease protein intake: 4 easy ways to add more of it to everyday diet3 powerful anti-inflammatory drinks and how to make them at homeFrom Dead Sea Scrolls to Hope Diamond, 7 priceless objects in the world7 dinner dishes made with leftover roti offering over 20 gms protein5 animals that camouflage so perfectly that they almost become invisibleHow to make fiber-rich Gobhi ka Paratha for breakfastPrepare your child for the next solar eclipse: 10 interesting facts to share5 low-glycemic superfoods that can help prevent blood sugar spikesPriyanka Chopra, Smriti Irani to Rajat Bedi: Actors are reviving their careers with major comebacks in 2025123Hot PicksParliament Winter SessionCyclone DitwahWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingCardi BShedeur SandersDrake MayePat McAfeeCandace Owens Net WorthGisele BndchenConnor McDavidLian BichselJayden StrubleAnthony Davis
NEW DELHI: Indian defence PSUs Hindustan Aeronautics (HAL), Bharat Electronics (BEL) and Mazagon Docks (MDL) continue to figure in the global top 100 arms-producing companies, but together accounted for just a paltry 1.1% of the global arms sales last year.Global arms revenues rose sharply by 5.9% to reach a record $679 billion in 2024, with the demand being boosted by the Ukraine and Gaza conflicts, global and regional geopolitical tensions, and ever-increasing military expenditures, as per the latest report released by Stockholm International Peace Research Institute (Sipri) Monday.The top 100 list is dominated by 39 US companies, together accounting for $334 billion. China follows next with eight companies, with a total of $88 billion. HAL was ranked 44th with $3.8 billion in arms sales, BEL 58th with $2.4 billion and MDL 91st with $1.2 billion, an overall increase by 8.2%.The top five companies in the list were Lockheed Martin (US), RTX or Raytheon (US), Northrop Grumman (US), BAE Systems (UK) and General Dynamics (US).
