TEHRAN, Dec 10_Arms sales rose by nearly five percent worldwide in 2018 in a market dominated by the United States, according to a new report published Monday by the Stockholm International Peace Research Institute (SIPRI).
TEHRAN, Young Journalists Club(YJC)_KThe turnover of the 100 biggest arms manufacturers came to $420 billion, thanks in large part to the US market, said the report.
US manufacturers alone accounted for 59 percent of the market, or a turnover of $246 billion, up 7.2 percent on the previous year.
"This is a significant increase over one year considering the already high levels of US combined arms sales," Aude Fleurant, the director of SIPRI's arms transfers and military expenditure program, told AFP.
US firms were benefiting from the Trump administration's decision to modernize its armed services to reinforce its position against China and Russia.