The record-breaking figure comes amid conflicts in Gaza and Ukraine, simmering tensions across East Asia, and historically high defense budgets worldwide. The growth highlights the increasing influence of private arms manufacturers on modern warfare and the scale at which geopolitical crises are fueling demand for advanced military equipment.
The report illustrates the role of corporate defense suppliers in shaping outcomes on the battlefield. Rising arms revenues suggest that wars are becoming increasingly commodified, with private companies profiting from both domestic defense budgets and international contracts.
