https://www.taxtmi.com/news?id=63236 Global arms industry revenues reached a record USD 679 billion in 2024 as sales by the 100 largest producers rose 5.9%, driven by wars in Ukraine and Gaza and geopolitical tensions; growth was concentrated in Europe and the United States, while Asia and Oceania declined due to issues in the Chinese sector. Producers expanded capacity in response to demand but face challenges from development delays, budget overruns and supply chain constraints; domestic demand offset export losses for some sanctioned companies. 'Arms revenues' covers sales of military goods and services to military customers domestically and abroad. en-us Mon, 01 Dec 2025 16:46:02 +0530 Mon, 01 Dec 2025 16:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63236 Global arms industry revenues reached a record USD 679 billion in 2024 as sales by the 100 largest producers rose 5.9%, driven by wars in Ukraine and Gaza and geopolitical tensions; growth was concentrated in Europe and the United States, while Asia and Oceania declined due to issues in the Chinese sector. Producers expanded capacity in response to demand but face challenges from development delays, budget overruns and supply chain constraints; domestic demand offset export losses for some sanctioned companies. 'Arms revenues' covers sales of military goods and services to military customers domestically and abroad. News - Mon, 01 Dec 2025 16:46:02 +0530 https://www.taxtmi.com/news?id=63236