SIPRI’External links annual figures, that were released on Monday, show that Ruag managed to clinch the 95th spot in 2017. It moved up by one place compared to the year before thanks to more arms sales: $870 million (CHF860 million) compared to $820 million the year before. Overall, the company registered sales of $1.98 billion, an increase of 5%.
American firms were responsible for the bulk of global arms sales (57%), followed by Russia (9.5%), UK (9%) and France (5.3%). China was not included in SIPRI’s statistics as reliable data could not be obtained.
According to SIPRI, American firms sold $226.6 billion worth of arms largely thanks to demand from the US military. Russian arms sales were worth $37.7 billion and went towards modernising the Russian military. Turkey showed one of the largest increase in sales (24%) reflecting the intention of the country to develop its own arms manufacturing base and reduce its reliance on foreign firms.
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Switzerland exports more weapons to conflict nations
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Switzerland already exports weapons to countries at war, and the numbers are increasing.
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Top Swiss firms close to reaching gender quota in boards
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The proportion of women on the boards of directors of the fifty largest listed companies in Switzerland currently stands at 28%.
Swiss committee wants to end government resignations during legislative term
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Top Swiss court rejects Russian request for administrative tax assistance
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Concern over sharp rise in Swiss arms sales to Gulf
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Swiss sales of war equipment to Saudi Arabia, Bahrein and the United Arab Emirates have reportedly risen sharply this year.
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