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Top 100 Arms-Producing and Military Services Companies 2020

Published on December 09, 2021
Current Context: The Swedish think-tank Stockholm International Peace Research Institute (SIPRI) released the report titled ‘Top 100 arms-producing and military services companies, 2020’.
Top 100 Arms-Producing and Military Services Companies 2020
  • As per the report, India’s 3 defence manufacturers companies namely Hindustan Aeronautics Limited (HAL), Indian Ordnance Factories’ and Bharat Electronics Limited (BEL) have secured positions among the top 100 lists at the global level
  • The HAL is ranked at 42nd position, BEL at 66th and Indian Ordnance Factories’ is ranked at 60th position in the list
  • The companies of India contribute 1.2% of total arms sales of companies in the SIPRI Top 100 list of 2020
  • For 2020, India’s aggregated arms sales were $6.5 billion
  • The 1st position was marked by Lockheed Martin Corp of US
  • The 2nd and 3rd positions are marked by Raytheon Technologies and Boeing respectively
  • The top 5 countries who hold the highest share in total arms sales of companies are: US (54%), China (13), UK (7.1%), Russia (5%) and France (4.7%)
  • Static Part: 
    • HQ of SIPRI: Sweden

Question: 

Ques:1: Which company topped in ‘Top 100 arms-producing and military services companies, 2020’ released by Swedish think-tank Stockholm International Peace Research Institute (SIPRI)?
a. Lockheed Martin Corp
b. Boeing
c. Raytheon Technologies
d. Aviation Industry Corporation of China
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