Sales among the world’s largest arms manufacturers reached $632 billion in the past year, a 4.2% increase, driven by conflicts in Ukraine and Gaza, as well as rising tensions in Asia. The SIPRI report highlights a booming demand for military equipment, with all top 100 companies reporting revenue exceeding $1 billion. The trend of increased sales is expected to continue into 2024, with defense budgets and recruitment campaigns reflecting optimism in the industry. Notably, Russian and Middle Eastern firms saw remarkable sales growth due to the current geopolitical landscape.