💣Swedish think tank:
South Korea’s arms sales record high.
South Korea’s arms sales hit record levels last year, pushed by the continuous military threat from North Korea, complicated relations with China and a government decision to increase domestic arms production, a Swedish think tank said Monday.
The Stockholm International Peace Research Institute, or SIPRI, reported that arms sales by South Korean companies included in its latest study of the world’s 100 largest arms producers stood at $8.4 billion in 2016, up 21 percent from the previous year.
The figure covers only those South Korean companies ranked in the study, not the country’s entire defense industry.
LA Times
http://beta.latimes.com/sns-bc-global-arms-spending-south-korea-20171211-story.html
Israeli Manufacturers Sold Arms for $7.9 Billion in 2016, Report Says Ctech –
Israeli weapon manufacturers were responsible for 2.1% of the global weapons sales in 2016, valued at $7.9 billion, a new report says.
According to an annual report on the global weapons industry published Monday by the Stockholm International Peace Research Institute (SIPRI),
Israeli defense contractors Elbit Systems Ltd., Israel Aerospace Industries Ltd. (IAI),
and Rafael Advanced Defense Systems Ltd.
are among the world’s 50 largest manufacturers of weapon systems.