Methodology
To identify the companies profiting most from war, 24/7 Wall St. reviewed data from the Stockholm International Peace Research Institute. Companies are ranked based on SIPRI’s estimates of arms and military services sales in 2021.
Year-over-year change in revenue from arms sales are also from SIPRI and use 2020 sales figures adjusted for inflation to be comparable to the current year. Notes, including those identifying companies for which arms sales data is uncertain, are from SIPRI.
