“The order books of the world’s biggest defense companies are near record highs,” a new Financial Times analysis reveals.

By Brett Wilkins. Published 12-28-2023 by Common Dreams

Orders at many of the world’s biggest arms companies are “near record highs” due to rising geopolitical tensions in recent years, an analysis published Wednesday by Financial Times revealed.

The London-based newspaper analyzed the order books of the world’s 15 top arms makers and found their combined backlogs were $777.6 billion at the end of 2022—a 10% increase from 2020.

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