The world’s T100 arms producing companies skipped recession in 2009

Monday, February 21st 2011 - 15:11 UTC

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Despite the continuing global economic recession in 2009, the total arms sales of the SIPRI Top 100 of the world’s largest arms-producing companies increased by 14.8 billion USD from 2008 to reach 401 billion USD, a real increase of 8%, according to new data on international arms production released by Stockholm International Peace Research Institute (SIPRI). Read full article

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Zethee
I think it's too early to say they skipped the recession.

The weapons were all on order when the recession hit so government are obligated to pay for them, they will now however see the result of the recession when government all start spending less on defence.

It will hit the companys, just not right away,
Feb 22nd, 2011 - 12:28 pm - Link - Report abuse 0
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lsolde
Recession or no recession, always a demand for weapons. So we can kill each other.
Feb 23rd, 2011 - 01:15 am - Link - Report abuse 0
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