Sales fall by 4.2 percent worldwide. According to the Sipri Institute, Russia is significantly increasing its arms spending, while the USA is buying much less.
Leopard tank from Krauss-Maffei Wegman (KMW) at an arms fair in Schonefeld near Berlin, 2008. photo: ap
The global arms business is in crisis. The 100 largest arms companies suffered a 4.2 percent drop in sales in 2012. This continued a trend from 2011. At that time, arms sales had fallen by 6 percent for the first time after the boom decade in the wake of the 9/11 attacks.