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100			_aSCARAZZATO Lorenzo _eauthor
245			_aDevelopments in arms production and the effects of the War in Ukraine / _cLorenzo Scarazzato, Xiao Liang, Nan Tian and Diego Lopes da Silva
260			_c2024
520			_aThis article presents global trends in arms production, building on the most recent data from the Stockholm International Peace Research Institute (SIPRI). In 2022, despite Russia’s full-scale invasion of Ukraine and heightened tension around the world, arms production fell in real terms by 3.5 per cent to $597 billion. The decrease was mostly due to the performance of US companies – still plagued by the effect of the COVID-19 pandemic – and not offset by increases in other regions. Notwithstanding the global decrease, arms revenue was still 14 per cent higher than in 2015, the year in which SIPRI started including Chinese arms companies. Procurement plans for the replenishment of stockpiles and modernisation of military equipment deployed by states around the world are mostly not yet reflected in the revenue of the arms industry. In addition to the lengthy time lag between orders and deliveries, many companies have faced challenges in scaling up production. However, high order intakes suggest that arms revenue may rise significantly in the years ahead.
650			_aARMS PRODUCTION _xDEFENCE ECONOMICS _zUKRAINE
700			_aLIANG Xiao _eauthor
700			_aTIAN Nan _eauthor
700			_aDA SILVA Diego Lopes _eauthor
773			_gDefence and Peace Economics, Volume 35, Number 6, October 2024, pages: 673-693
856			_uhttps://www.tandfonline.com/doi/full/10.1080/10242694.2024.2381784 _zClick here for full text
942			_2ddc _cARTICLE _n0
999			_c48118 _d48118