Also Read, Dec. 2 -- Revenues from sales of arms and military services by the 100 largest arms-producing companies rose by 5.9 per cent in 2024, reaching a record $679 billion, according to new data released today by the Stockholm International Peace Research Institute (SIPRI).

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According to the data released by SIPRI, the combined arms revenues of the three Indian companies in the Top 100 increased by 8.2 per cent to $7.5 billion on the back of domestic orders.

Although the bulk of the global rise was due to companies based in Europe and the United States, there were year-on-year increases in all of the world regions featured in the Top 100. The only excep...