Defense spending is “growing everywhere” says Thales International CEO Pascale Sourisse, amid a global boom in the arms industry spurred by geopolitical tensions.
Arms spending in 2024 reached an unprecedented $2.7 trillion in 2024, according to the Stockholm International Peace Research Institute, a conflict think tank. The same think tank estimated that the world’s top 100 defense companies raked in $679 billion in collective revenue, the highest amount reported since SIPRI started tracking the number in 2002.
