Last year, the sale of arms and military services around the world was 2.5 percent higher than in 2016, totalling $398.2 billion, according to new data
released by Sipri. American companies accounted for $225.5 billion of that total.
U.S. companies were driven by large export orders and major acquisitions. Lockheed Martin
retained its place at the top of the biggest arms-producing companies with $44.9 billion in sales. Its November 2015 purchase of helicopter manufacturer Sikorsky and accelerated deliveries of the F-35 Lightning II combat aircraft contributed to its success. Boeing's arms sales came to $27 billion last year and its more notable weapons systems include the P-8A Poseidon maritime patrol aircraft and AH-64E Apache attack helicopters.
Out of the ten largest arms manufacturers, five are American and BAE systems is the first-non U.S. company on the list. Known for producing the Royal Navy's new aircraft carriers as well as the Eurofighter Typhoon combat aircraft
, it comes fourth on the list in 2017 with sales coming to $23.87 billion.