CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As per the latest SIPRI Report, which is the largest Arms manufacturer in the world?
A
Thales
B
General Dynamics
C
L-3 Technologies
D
Lockheed Martin
Explanation: 

Detailed explanation-1: -The report placed India at the top of the list. 85% of India’s overall imports were from three countries. Russia (46%), France (27%), and the USA (12%) were the top three largest exporters of arms to India during the period.

Detailed explanation-2: -The top three are Lockheed Martin ($60 billion arms sales in 2021), Raytheon ($42 billion) and Boeing ($33 billion). Six Russian companies, in turn, figure in the Top 100, with sales totalling $17.8 billion.

Detailed explanation-3: -According to the research, the United States topped the list with a share of 39 percent, followed by Russia with 19 percent and France with 11 percent.

Detailed explanation-4: -In 2021, Lockheed Martin was the world’s largest arms-producing and military services company, with arms sales amounting to over 60 billion U.S. dollars. Arms sales constituted almost 90 percent of total company sales in that year. Raytheon and Boeing followed on the places behind.

There is 1 question to complete.