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The 10 Companies That Dominate The Global Arms Trade
The Chart of the Week is a weekly Visual Capitalist feature on Fridays.
The world puts $1.69 trillion towards military expenditures per year, and about $375 billion of that goes towards buying arms specifically.
http://www.valuewalk.com/2018/01/10-companies-dominate-global-arms-trade/
As China Increases Arms Exports, More Weapons End up in the Hands of Terrorists and Dictators.
A recent report compiling three years of research has indicated that as the United States, Russia, and other countries battle the Islamic State (ISIS) terrorist group, the biggest proportion of their arsenal originates in Chinese weapons factories. Fully 43 percent of arms captured from ISIS were Chinese-made, compared to 1.8 percent of American origin.
The report, published by the UK-based Conflict Armament Research, said that its findings “mirror broad trends in the global market for Warsaw Pact-calibre materiel. China predominates as a producer.” The Epoch Times
Chinese QW-2 MANPADS missile in service with Turkmenistan army.
According a news of January 12, 2018, published by the online military magazine Azeri Defence, Turkmenistan has purchased QW-2 (Syanvey-2) MANPADS Man Portable Air Defense Systems.
It is a third generation man-portable shoulder-launched surface-to-air missile (SAM) developed in China by CASIC (China Aerospace Science and Industry Corporation) for the People’s Liberation Army (PLA) and export customers.
January 2018 Global Defense Security army news industry