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West's makers of arms see share fall

By Agence France-Presse in Stockholm, Sweden | China Daily | Updated: 2015-12-15 08:05

Total sales for 100 biggest companies drop for 4th year in row; market share also falls

Arms manufacturers in North America and Western Europe dominated international arms sales in 2014, but their market share dropped while Russian and Asian companies saw theirs rise, the Stockholm International Peace Research Institute reported on Monday.

Total turnover for the 100 biggest arms and military services companies declined for the fourth year in a row, falling by 1.5 percent from 2013 to stand at $401 billion.

West's makers of arms see share fall

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