Governments help arms firms avoid Covid slump

Governments help arms firms avoid Covid slump – report

By Agence France-Presse

Dec 06, 2021 10:57 am

STOCKHOLM: The world's biggest weapons manufacturers largely avoided the economic downturn caused by Covid-19 and recorded a growth in profits last year for the sixth year in a row, according to a report published on Monday.

Governments around the world have continued to buy arms during the pandemic and some also passed measures to help their big weapons firms, according to the Stockholm International Peace Research Institute (SIPRI).

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