SPIRI Fact Sheet, December 21, 2021: “The combined arms sales of the world’s largest arms-producing and military services companies (the SIPRI Top 100) were $531 billion in 2020 This represents an increase of 1.3 per cent on their arms sales in 2019. Despite this being the smallest increase in arms sales among the Top 100 in three years, the data shows a continuous upward trend since 2015, roughly correlating with rising global military expenditure levels. The arms sales of the Top 100 were 17 per cent higher in 2020 than in 2015 (the first year for which SIPRI included Chinese firms in its ranking)…”