Crisis-hit arms market shrinks, first time since 1994: think tank
Feb 18, 2013
STOCKHOLM (AFP) ― For the first time since the mid-1990s, sales of the 100 biggest arms dealers excluding China declined in 2011 as the economic crisis prompted budget cuts, a Stockholm-based think tank said on Monday.The 100 companies’ total sales declined, including inflation, by five percent from the previous year, the first time a drop has been registered since 1994, the Stockholm International Peace Research Institute said.Even excluding inflation, the total fell, to $410 billion from 412 b