Europe, Russia arms groups gain market share in 2015: study

A Lockheed Martin F-35 Lightning II fighter jet -- the defence contractor took $36.4 billion in revenue in 2015Arms manufacturers in Europe and Russia gained market share in 2015, but international sales were still dominated by their US competitors, the Stockholm International Peace Research Institute (SIPRI) said Monday. For Russian industrialists, the growth underlined “the ministry of defence’s commitment to fund military procurement despite the economic difficulties,” said the research centre, which consists of experts on defence issues. SIPRI ranks the world’s top 100 arms and military service merchants, excluding China, which does not deliver reliable data.

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