The European arms industry increased its revenues by 13% in 2024.

Omissions

• The 13% figure comes from SIPRI's Top 100 arms-producing companies database and covers only the 26 largest European arms companies, not necessarily every small or medium-sized arms manufacturer in Europe.
• The 13% refers specifically to revenues from sales of arms and military services, not total company revenues (which may include civilian business lines).
• Other industry sources report different figures for broader categories: ASD-Europe reports a 10.1% increase for the European aerospace and defence industry overall, while some sources report 13.8% for defence industry turnover in euros — the SIPRI 13% figure is the most widely cited for arms-specific revenue growth.

Sources

• PrimarySIPRI (Stockholm International Peace Research Institute)The combined arms revenues of the 26 European companies in the Top 100 went up by 13 per cent to $151 billion in 2024.
• SecondaryDW (Deutsche Welle)The situation is different for the 26 European companies (excluding Russia). Taken together, they have seen a 13% increase in revenue.
• SecondaryEvertiqCombined revenues rose by 13% to USD 151 billion, with demand largely linked to the war in Ukraine.