Tag: defence revenues

Daimler Truck Targets €1B Defence Sales

Mercedes-Benz Arocs vehicles for defence applications | Image: Daimler Trucks

Daimler Truck is expanding its defence business under a new global brand and aims to reach €1 billion in annual defence revenues by 2028. The company plans major investments, new jobs and a broader military vehicle portfolio.

SIPRI: Wars Push Global Arms Sales to All-Time High

European companies, Leonardo (No. 10 on the SIPRI 2024 list) and KNDS ( No. 42 on the SIPRI 2024 list), have joined hands to offer the CAESAR Self-Propelled Howitzer, to the military of the top arms selling country in the world, the United States | Photo: Leonardo DRS/KNDS

Global defence revenues surged to a record $679 billion in 2024, driven by the wars in Ukraine and Gaza and rising geopolitical tensions, according to new SIPRI data. The world’s 100 biggest arms makers saw sales grow 5.9 percent, with strong increases in Europe and steady dominance by U.S. firms. SpaceX entered the Top 100 for the first time, while China posted a rare decline due to procurement disruptions.