In 2023, global arms and military services profits rose by 4.2% to €598 billion, with European profits increasing by only 0.2%. Major companies include Airbus, Leonardo, Thales, Rolls Royce, and Rheinmetall, with Airbus's arms profits making up 18% of its revenue. Demand from the Ukraine war boosted German companies, while smaller firms in various countries also saw significant profit increases. Turkish company Baykar's profits rose by 25% due to its UAV production. SIPRI notes that nuclear weapons modernization is a key profit source for arms companies. Teljes cikk (Euronews.com)