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After US, which country emerged as the world's second-largest arms producer?

Answer» The Stockholm International Peace Research Institute (SIPRI) released its report on the world's 100 biggest armaments groups and said that Russia has emerged as the world's second-largest arms producer after the U.S. Russia surpassed Britain, which had held the spot since 2002 and remains Western Europe's No. 1 arms maker. The report stated that the combined arm sales of Russian companies recorded 8.5 % year-on-year growth and amounted to$37.7 billion in 2017.Russia's sales accounted for 9.5 percent of a worldwide total of $398.2 billion. The U.S. topped the list with 42 companies accounting for 57 % of total sales, including the world's largest arms producer, Lockheed Martin Corp. The SIPRI's report doesn't include Chinese companies because of unreliable statistics.


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