A recent SIPRI report highlights that world’s biggest arms producers have seen a significant increase in revenue, reaching a record high of $679 billion amid ongoing conflicts in Ukraine and Gaza. The surge in demand for military supplies has resulted in a 5.9% revenue growth for these companies, reflecting how escalating tensions globally have turned warfare into a profitable business. Major military players, including those from the US, Russia, and European countries, are particularly benefiting as states rush to modernize their arsenals. Japan also reported a notable increase in defense sales as it plans to lift some export restrictions, while Turkey solidifies its presence in the arms industry with five companies listed among the top 100 defense firms globally. The report underlines the concerning trend of military spending soaring as global conflicts continue.