Sales of arms by American defense companies have declined for the fifth consecutive year in 2015, while European firms saw their sales jump. That's 3% lower than in 2014, but still 56% of arms sales globally, as documented by the institute. Russian arms sales grew 6.2% in 2015, after skyrocketing over 48% in 2014 and 20% in 2013. French defense companies saw sales grow 13% compared to 2014, thanks to big deals with Egypt and Qatar, while companies in Germany boosted sales by 7.4%. Arms sales in Turkey and India jumped around 10% in 2015, thanks to strong domestic demand from the national defense authorities.

Source: CNN December 05, 2016 06:55 UTC