Western defense industry plans to increase revenue by 26% by 2025
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Military-industrial corporations of the West are going to increase revenue to $475 billion by 2025. This is $97 billion, or 26%, more than in 2021, when revenues amounted to $378 billion, Vedomosti calculated according to Defensenews.com and Tradingview. com. The company’s revenue forecasts were disclosed in their reports for the II quarter.
The ranking includes 19 public corporations that are active suppliers of military products to Ukraine, with more than half of their revenue coming from the military segment. This growth is almost 3.5 times greater than the projected increase in the economies of developed countries, which the IMF estimates at 7.5% until 2025.
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