A new report released December 6 by the Stockholm International Peace Research Institute (SIPRI) says sales of arms and military services by the industry’s 100 largest companies totalled a staggering $531 billion in 2020—an increase of 1.3 per cent in real terms compared with the previous year. The arms sales of the Top 100 arms companies in 2020 were 17 per cent higher than in 2015—the first year for which SIPRI included data on Chinese firms. Together, the arms sales of the 41 US companies amounted to $285 billion—an increase of 1.9 per cent compared with 2019—and accounted for 54 per cent of the Top 100’s total arms sales.