Growth in arms trade stunted by supply issues report


Source: manilatimes.net manilatimes.net

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STOCKHOLM, Sweden: Sales of arms and military services grew in 2021, researchers said on Monday, but were limited by worldwide supply issues related to the pandemic, with the war in Ukraine increasing demand while worsening supply difficulties. The top 100 arms companies sold weapons and related services totaling $592 billion in 2021, 1.9-percent more than the year before, said the latest report from the Stockholm International Peace Research Institute (SIPRI). However the growth was severely impacted by widespread supply chain issues. Get the latest news delivered to your inbox Sign up for The Manila Times’ daily newsletters By signing up...