Global sales of military equipment and services reached $420 billion in 2018, after a 4.6% rise on a year earlier according to SIPRI data. The top three exporters were all U.S.-based, including Lockheed Martin, Boeing and Northrop Grumman. They may see further growth in sales after a push by the Trump administration to increase arms exports. New U.S. approvals for exports of military aircraft and weapons systems reached $70.8 billion year-to-date in 2019 versus $48.1 billion in 2018. Exports have begun to improve too, with total U.S. exports of military aircraft and weapons having ris...
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