SIPRI Fact Sheet

January 2014

THE SIPRI TOP 100 ARMS-PRODUCING AND MILITARY SERVICES COMPANIES, 2012
sam perlo-freeman and pieter d. wezeman
Sales of arms and military services by the the SIPRI Top 100the worlds 100 largest arms-producing and military services companies (outside China), ranked by their arms salestotalled $395 billion in 2012. This compares to arms sales of $412 billion for the Top 100 in 2011, and represents a fall of 4.2per cent in real terms. This is the second consecutive annual fall in the Top 100, but the total is still 29 per cent higher in real terms than for the Top100 in 2003 (see gure 1).
DEVELOPMENTS IN THE TOP 100

KEY FACTS
w The arms sales of the SIPRI Top 100 arms-producing and military services companies in 2012 (outside China) totalled $395 billion. w The total for 2012 was down 4.2per cent from the Top100 for 2011, the second consecutive annual fall. w Nearly three-quarters of the companies in the Top 100 for 2012 are headquartered in North America or Western Europe, and they accounted for 87per cent of the total arms sales. w Arms sales by Top100 companies from the rest of the world rose by 14 per cent in real terms, and these companies share of the total Top100 arms sales is now at its highest ever level. w The total estimated arms sales of the six Russian companies in the Top 100 grew by 28 per cent in real terms. w The US withdrawal from Iraq at the end of 2011 affected the 2012 arms sales of companies such as KBR, whose arms sales fell by 60per cent. In contrast, high levels of activity in Afghanistan meant that DynCorp increased its arms sales by 10 per cent.

Companies headquartered in North America and Western Europe continue to dominate the global arms industry: 73 companies in the Top 100 for 2012 are from these regions, and they accounted for 86.7 per cent of the total arms sales of the Top 100 (see gure 2). The total arms sales of the 43North

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Total arms sales (US$ b.)

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0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Current US$

Constant (2012) US$

Figure 1. Total arms sales of companies in the SIPRI Top 100, 200312
Note: The data in this graph refer to the companies in the SIPRI Top 100 in each year, which means that they refer to a different set of companies each year, as ranked from a consistent set of data. Arms sales refers to sales of military equipment and services to armed forces and ministries of defence worldwide. For a full denition see <http://www.sipri.org/ research/armaments/production/Top100> or SIPRI Yearbook 2014.

w Cuts in military spending in Western Europe and the fall in the demand for heavy arms has affected the sales of companies such as the tank producer Krauss-Maffei Wegmann (down 21per cent) and the shipbuilder Thyssen Krupp (down 27per cent).

sipri fact sheet

Other Japan Russia Other Western Europe Italy EADS United States France

United Kingdom

Figure 2. Share of arms sales of companies in the SIPRI Top 100 for 2012, by country
Notes: The Top 100 classies companies according to the country in which they are headquartered, so sales by an overseas subsidiary will counted towards the total for the parent companys country. The Top 100 does not include the entire arms industry in each country covered, only the largest companies.

American companies in the Top 100 (42 from the United States and 1 from Canada) fell by 6.6per cent in real terms in 2012 and that of the 30 West European companies fell by 3.0per cent (compared to the same companies in 2011). Arms sales by companies in the Top 100 from the rest of the world rose by 13.6 per cent in real terms. These companies share of the total arms sales of the Top 100 is now at its highest level since the start of the current coverage of the Top 100, in 2002. The Top 100 for 2012 includes companies from 23 countries, the highest number yet. This represents an increasing diffusion of large-scale, corporate arms production around the world, although the dominance of the USA, and to a lesser extent Western Europe, continues largely unchanged.
THE 10 LARGEST COMPANIES

The identity of the 10 largest companies in the Top 100 did not change in 2012 (see table1). The top of the list has been extremely stable since at least 2005. While the order has changed, the most recent change in the composition of the 10 largest companies was the replacement of the French company Thales (now ranked 11th) by the US company United Technologies in 2009. The 10 largest companies share of the total arms sales of the Top 100 continued to shrink slightly in 2012, down from 52.9per cent in 2011 to 52.1per cent. In 2003 the gure was 59.7 per cent.
NATIONAL DEVELOPMENTS Russia

USA UK France Russia Trans-European (EADS) Italy Japan Israel Germany India Other W. Europe, Canada, Australia Other emerging markets 10 5 0 5 10 15 20 25 30

The total estimated arms sales of the six Russian companies in the Top 100 grew by 28.4 per cent in real terms in 2012a particularly large increase (see gure3). All except United Aircraft Corporation increased sales by more than 20 per cent. Almaz Anteiwith a 41 per cent riseis now ranked 14 in the Top 100, the highest ranking by a Russian company since data became available in 2002. Russian arms companies continue to maintain high export levels, but the increase in estimated arms sales in 2012 mainly reects large and growing domestic sales, as part of Russias $700 billion 201120 State Armaments Plan. While there remains widespread scepticism as to whether the aims of the plan can be fully achieved, it is clear that a major increase in Russian military equipment procurement is taking place.
The United States

Figure 3. Change in arms sales of companies in the SIPRI Top 100, by country, 201112
Note: The change refers to the companies in the Top 100 for 2012

As the USA completed its withdrawal of military forces from Iraq at the end of 2011, the trend of falling sales for companies that were highly dependent on equipment and services for US forces in Iraq

the sipri top 100 arms-producing companies, 2012

Table 1. The SIPRI Top 100 arms-producing and military services companies in the world excluding China, 2012a
Rank b 2012 2011 1 2 3 4 5 6 7 8 9 10 S 11 12 13 14 15 16 17 S 18 19 20 S 1 2 3 5 4 6 7 10 8 9 S 11 12 13 22 15 14 16 S 17 20 18 S Companyc Lockheed Martin Boeing BAE Systems Raytheon General Dynamics Northrop Grumman EADSd United Technologiese Finmeccanica L-3 Communications BAE Systems Inc. (BAE Systems, UK) Thales SAIC Huntington Ingalls Industries Almaz-Antei Safran Honeywell Rolls-Royce Sikorsky (United Technologies) United Aircraft Corp. General Electric Oshkosh Truck MBDA (BAE Systems, UK/ EADS, trans-European/ Finmeccanica, Italy) ITT Exelis Pratt & Whitney (United Technologies) Eurocopter Group (EADS, trans-Eur.) Computer Sciences Corp. CASA (EADS, trans-Eur.) DCNS Textron Vertolety Rossii (Oboronprom)g Booz Allen Hamiltonh Babcock International Group DynCorp Mitsubishi Heavy Industries Rheinmetall CACI International AgustaWestland (Finmeccanica) Saab Country USA USA UK USA USA USA Trans-Eur. USA Italy USA USA France USA USA Russia f France USA UK USA Russiaf USA USA Trans-Eur. Arms sales (US$m.) 2012 36 000 27 610 26 850 22 500 20 940 19 400 15 400 13 460 12 530 10 840 10 370 8 880 7 820 6 440 5 510 5 300 5 110 5 010 4 510 4 440 4 100 3 950 3 860 2011 36 270 30 560 29 160 22 900 23 330 20 340 16 400 11 640 14 570 12 520 13 560 9 480 7 940 6 380 3 860 5 240 5 280 4 730 4 970 4 400 4 100 4 370 4 170 Total sales, 2012 (US$ m.) 47 182 81 698 28 263 24 414 31 513 25 218 72 596 62 173 22 131 13 146 11 305 18 198 11 173 6 708 6 186 17 429 37 665 19 349 6 791 5 545 147 359 8 181 3 856 Arms sales as a % of total sales, 2012 76 34 95 92 66 77 21 22 57 82 92 49 70 96 89 30 14 26 66 80 3 48 100 Total prot, 2012 (US$m.) 2 745 3 900 2 599 1 900 332 1 978 1 580 5 200 1 010 782 1 171 752 525 146 168 127 2 926 2 265 712 .. 13 641 230 .. Total employment, 2012 120 000 174 400 88 200 67 800 92 200 68 100 140 000 218 300 67 408 51 000 34 500 68 325 40 000 37 000 95 933 62 558 132 000 42 800 16 591 .. 305 000 13 200 ..

21 S S 22 S 23 24 25 26 27 28 29 30 31 S 32

19 S S 21 S 24 25 35 26 31 36 23 28 30 S 27

USA USA France USA Spain France USA Russiaf USA UK USA Japani Germany USA Italy Sweden

3 800 3 720 3 700 3 690 3 640 3 580 3 550 3 520 3 200 3 190 3 040 3 010 3 000 2 950 2 940 2 910

4 150 3 000 3 540 3 860 3 950 3 620 3 500 2 740 3 100 2 850 2 690 3 620 2 980 2 860 3 450 3 080

5 522 13 964 8 051 14 993 4 134 3 766 12 237 4 077 5 758 5 140 4 044 35 316 6 046 3 774 5 454 3 543

69 27 46 25 88 95 29 86 56 62 75 9 50 78 54 82

330 1 589 398 961 205 210 581 306 219 356 9 1 219 244 167 353 227

19 900 35 847 22 400 90 000 7 546 13 183 33 000 .. 24 500 .. 29 000 31 111 21 767 14 500 13 050 13 968

sipri fact sheet

Rankb 2012 2011 33 34 35 S 36 S 37 38 39 40 41 42 43 44 S 45 46 47 48 49 50 51 S 52 53 54 55 56 57 58 59 60 61 62 63 64 65 S 66 67 68 69 70 71 38 37 32 S 41 S 29 59 33 34 40 45 46 44 S 60 57 49 43 48 52 39 S 53 67 58 50 65 63 56 66 61 62 55 71 54 S 84 79 70 72 83 51 Companyc URS Corporation Elbit Systems Rockwell Collins EADS Astrium (EADS, trans-Eur.) Israel Aerospace Industries Sukhoi (United Aircraft Corp.) Hewlett-Packardj United Engine Corp. (Oboronprom)g ManTech International Hindustan Aeronautics Alliant Techsystems Fluork Sercol CEA Alenia Aeronautica (Finmeccanica) NEC United Shipbuilding Corp. Ordnance Factoriesl Harris Cobham ST Engineering (Temasek) Kawasaki Heavy Industries BAE Systems Australia (BAE Systems, UK) Rafael Uralvagonzavod Mitsubishi Electric DSN ThyssenKrupp Groupe Dassault Ukroboronproml QinetiQ Fincantieri Kongsberg Gruppen Diehl Navantia Chemring Group Samsung Samsung Techwin (Samsung) Embraer Korea Aerospace Industries Triumph Group Jacobs Engineering Groupk Precision Castparts Navistar Country USA Israel USA France Israel Russiaf USA Russiaf USA India USA USA UK France Italy Japani Russiaf India USA UK Singapore Japani Australia Israel Russiaf Japani Japani Germany France Ukraine UK Italy Norway Germany Spain UK South Korea South Korea Brazil South Korea USA USA USA USA

Arms sales (US$m.) 2012 2 850 2 740 2 590 2 540 2 540 2 530 2 500 2 500 2 470 2 410 2 330 2 260 2 200 2 190 2 100 2 050 1 950 1 940 1 900 1 890 1 890 1 860 1 760 1 700 1 630 1 550 1 530 1 530 1 470 1 440 1 410 1 300 1 290 1 200 1 130 1 130 1 090 1 090 1 060 1 060 1 030 1 020 1 010 1 000 2011 2 670 2 680 2 810 2 350 2 500 2 630 2 960 1 440 2 770 2 740 2 550 2 260 2 230 2 300 2 050 1 440 1 570 2 120 2 400 2 160 1 950 2 630 1 860 1 940 1 200 1 450 .. 2 080 1 240 1 260 1 580 1 220 1 440 1 390 1 650 1 080 1 860 1 860 860 890 1 090 1 070 870 2 000

Total sales, 2012 (US$ m.) 10 973 2 889 4 726 7 477 3 345 2 719 120 357 4 170 2 582 2 679 4 362 27 577 7 786 5 420 3 821 38 497 5 253 2 421 5 451 2 772 5 104 16 154 1 957 1 732 4 083 44 708 .. 60 469 5 066 1 599 2 104 3 066 2 690 3 637 1 255 1 173 178 521 2 541 6241 1 395 3 703 10 894 8 378 12 948

Arms sales as a % of total sales, 2012 26 95 55 34 76 93 2 60 96 90 53 8 28 40 55 5 37 80 35 68 37 11 90 98 40 3 .. 3 29 90 67 42 48 33 90 96 1 43 17 76 28 9 12 8

Total prot, 2012 (US$m.) 311 168 609 398 69 .. 12 650 .. 95 650 272 456 479 59 134 381 .. .. 31 326 461 387 .. 147 .. 871 .. 6 000 674 .. 211 19 227 39 101 .. 21 167 135 357 115 297 379 1 429 3 010

Total employment, 2012 54 000 12 134 19 000 17 000 16 000 .. 331 800 .. 9 700 .. 14 000 41 193 120 000 15 953 11 708 102 375 .. .. 15 200 9 992 22 000 34 010 5 500 6 500 .. 120 958 .. 167 961 11 552 .. 9 498 10 240 6 259 14 369 5 537 4 193 369000 6 700 18 032 2 970 13 900 63 400 28 500 18 500

the sipri top 100 arms-producing companies, 2012

Rank b 2012 2011 72 73 74 75 76 77 S 78 79 80 81 S 82 83 84 85 S 86 87 88 89 90 91 92 S 93 94 95 S 96 S 97 98 99 100 77 64 80 74 76 S 73 69 75 92 S 47 82 91 86 S 78 81 95 89 85 87 S 94 100 S S 97 68 98 Companyc Meggitt Krauss-Maffei Wegmann Bharat Electronics Moog IHI Group AAR Corp Thales Systmes Aroports (Thales) RUAG Nexter GKN Patria Industries Selex Galileo SpA (Finmeccanica) KBR l Cubic Corporation LIG Nex1 Aselsan Thales Australia (Thales, France) CAE SRA Internationalm Gencorp Bumar Groupn Ultra Electronics Aerospace Corp. Fiat Iveco (Fiat) Esterline Technologies Mitrek Mission Essentialk Raytheon Australia (Raytheon, USA) ASC Selex Elsag (Finmeccanica) Alion Science and Technology AM Generalk Teledyne Technologies Hanwha Country UK Germany India USA Japani USA France Switzerland France UK Finland Italy USA USA South Korea Turkey Australia Canada USA USA Poland UK USA Italy Italy USA USA USA Australia Australia Italy USA

Arms sales (US$m.) 2012 990 980 960 950 940 930 930 930 910 900 890 880 880 870 870 870 840 840 830 830 820 820 800 800 800 800 780 770 760 760 750 750 2011 940 1 250 890 1 000 440 950 .. 1 040 1 120 970 770 840 2 180 870 820 850 690 900 870 740 830 860 840 650 660 690 770 700 770 660 900 730 1 130 720 ..

Total sales, 2012 (US$ m.) 2 545 1 031 1 125 2 470 17 546 2 065 929 1 856 954 10 317 981 1 005 7 921 1 381 866 909 1 012 2 107 1 675 995 1 031 1 206 903 107 637 11 465 1 992 1 421 .. .. 824 1 474 817 .. 2 127 4 765

Arms sales as a % of total sales, 2012 39 95 85 39 5 45 100 50 95 9 91 88 11 63 100 95 83 40 50 83 80 68 89 1 7 40 55 .. .. 92 51 92 .. 34 15

Total prot, 2012 (US$m.) 575 .. 167 152 877 68 103 86 120 932 11 72 144 92 30 163 .. 143 68 3 5 183 .. 1 809 603 113 .. .. .. 15 64 41 .. 164 102

Total employment, 2012 10 980 .. 10 305 10 976 .. 6 700 .. 7 739 1 791 48 000 3 587 2 684 27 000 8 200 2 690 5 205 3 300 7 670 6 100 3 391 9 289 .. .. 26 307 26 307 12 185 7 613 8 000 1 480 2 270 7 020 2 882 2 000 7 200 3 480

USA 740 USA 720 South Korea 720

a Although several Chinese arms-producing enterprises are large enough to rank among the SIPRI Top 100, it has not been possi-

ble to include them because of lack of comparable and sufficiently accurate data. In addition, there are companies in other countries, such as Kazakhstan, that also could be large enough to appear in the SIPRI Top 100 list if data were available, but this is less certain. b Companies are ranked according to the value of their arms sales in 2012. An S denotes a subsidiary company. A dash () indicates that the company did not rank among the SIPRI Top 100 for 2011. Company names and structures are listed as they were on 31 Dec. 2012. Information about subsequent changes is provided in these notes. The 2011 ranks may differ from those published in SIPRI Yearbook 2013 and elsewhere owing to continual revision of data, most often because of changes reported by the company itself and sometimes because of improved estimations. Major revisions are explained in these notes. c For subsidiaries and operational companies owned by a holding or investment company, the name of the parent company is given in parentheses along with its country, where it differs.

sipri fact sheet

d EADS was renamed Airbus Group in Jan. 2014.

United Technologies acquired Goodrich in July 2012. The gures for 2012 are pro forma gures calculated as if Goodrich had been acquired at the beginning of 2012 and assume that the military share of Goodrichs sales was even throughout the year. f Due to the limited availability of nancial information on Russian arms companies, the arms sales gures for most of these companies in 2011 and 2012 are estimated based on total company sales and are subject to substantial margins of error. There may be other Russian companies that should be in the list but for which insufficient data is available. g Vertolety Rossii (Russian Helicopters) and United Engine Corporation are subsidiaries of OPK Oboronprom, but, since comparable nancial data for Oboronprom for 2011 is not currently available, they are reported here as independent companies. For more on Russian arms industry consolidation see Jackson, S. T., Arms production, SIPRI Yearbook 2011; Jackson, S. T., Arms production, SIPRI Yearbook 2010; and Perlo-Freeman, S. et al., The SIPRI Top 100 arms-producing companies, 2007, SIPRI Yearbook 2009, pp.28687. h Arms sales gures for Booz Allen Hamilton are sales to defence clients as reported by the company. i Arms sales gures for Japanese companies represent new military contracts rather than revenues. j Arms sales gures for Hewlett-Packard are based on data on US prime contract awards from USAspending.gov plus sales to the British Ministry of Defence from UK Defence Statistics. They may be underestimated as awards from classied contracts are not included in the US data. k Arms sales gures for these companies are based on data on US prime contract awards from USAspending.gov. They may be underestimated as awards from classied contracts are not included in this data. l Arms sales gures for these companies are estimates and are subject to a high degree of uncertainty. m Arms sales gures for SRA International are for National Security revenue. As this category includes sales to the US departments of Homeland Security and Justice, as well as to the Department of Defense, it is an overestimate. n Arms sales gures for Bumar Group are estimates and are subject to a high degree of uncertainty. Bumar Group was renamed Polish Defence Holding (Polski Holding Obronny, PHO) in May 2013 and in Sep. 2013 it was announced that PHO would form part of a larger group, the Polish Armaments Group (Polska Grupa Zbrojeniowa, PGZ).

continued in 2012. KBR, which provided logistics support to US forces in Iraq, had the largest relative fall in arms sales in the Top 100: 60 per cent. There were also signicant falls among companies with light armoured vehicles as a major part of their portfolio, including BAE Systems, General Dynamics, Oshkosh Truck, Navistar and AM General. Continuing high levels of activity in Afghanistan, including providing support for the Afghan security forces, meant that DynCorpanother US company with a major direct role in theatres of conictincreased its arms sales signicantly in 2012, by around 10 per cent in real terms.
Western Europe

Most West European countries saw falls in arms sales of Top 100 companies in 2012 (see gure 3). The company with the largest fall in arms sales in the region was Navantia, the only Spanish company in the Top 100, by 27 per cent. One other Spanish company, Indra, was in the Top 100 for 2011 but dropped out in 2012 with a fall of 8.8 per cent in real terms. These falls reect the large decrease in Spains military expenditure since 2008 (by 20 per cent in real terms) as part of austerity measures following its economic crisis, by far the largest decrease among the major West European arms-producing countries. The continuing fall in the demand for heavy arms such as tanks and ships in Western Europe affected the sales of many arms companies. For example, in Germany it explains the 21.3 per cent fall in sales of the tank producer Krauss-Maffei Wegmann and the 26.5 per cent fall for the ship producer Thyssen Krupp. West European companies have been actively seeking export markets elsewhere in the world to compensate for falling demand in their home markets.

the sipri top 100 arms-producing companies, 2012

Box 1. Chinese arms-producing companies

Chinese companies are not covered by the SIPRI Top 100, due to the lack of data on which to make even a reasonable estimate of arms sales for most companies. Nonetheless, some information is available on the 10 major state-owned conglomerates under which most of the Chinese arms industry is organized. These 10 companies had total sales of around 1608billion yuan ($268 billion) in 2012, according to information from their nancial reports. a However, these companies each comprise hundreds of individual enterprises and produce a wide range of civil and military products. The latter represent a minority of the total sales estimated to be 24 per cent in 2006 and 28 per cent in 2007and the share is not generally known on a company-by-company level. Based on the overall industry picture and on limited information on individual companies, at least 9 of these 10 companies would almost certainly be in the Top 100 if gures for arms sales were available. Of these, four to six would probably be in the top 20, and oneaviation company AVICmay be in the top 10. Chinas military spending more than quadrupled in real terms between 2000 and 2012, and the country has engaged in major efforts to develop its domestic industry. As a result, since the late 2000s China has been decreasing its arms imports in favour of domestic procurement. In addition, Chinas arms exports have grown substantially in the past decade, to the extent that the country is now the fth largest arms exporter, just after France.
aCheung, T. (ed.), The Chinese Defense Economy Takes Off: Sector-by-Sector Assessments and the Role of Military End Users (University of California Institute on Global Conict and Cooperation: La Jolla, CA, 2013).

New countries in the Top 100

Based on newly available data, the Top 100 now includes companies from Poland and Ukraine that have rapidly grown due to extensive consolidation of these countries arms industries. Polands stateowned Bumar Group, in which much of the Polish arms industry has been increasingly consolidated, is now estimated by SIPRI to have been in the Top100 since 2005. Ukrobonprom, formed in 2011 to consolidate much of the Ukrainian arms industry, is estimated to have been in the Top 100 for 2011 and 2012. Outside the traditional arms-producing regions, one notable development in 2012 was the continuing revival of Brazils arms industry, with an increase in arms sales by Embraer of 36 per cent in real terms. Having entered the Top100 in 2010 in 99th position, Embraer had risen to 66th place in 2012. Some other countriesin particular, China (see box 1)would also be represented in the Top 100 if sufficient data were available.
CORRUPTION AND TRANSPARENCY IN THE ARMS INDUSTRY

Table 2. Transparency International Anti-corruption Index for the 25 largest companies in the SIPRI Top 100 for 2012
Rank Company 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Lockheed Martin Boeing BAE Systems Raytheon General Dynamics Northrop Grumman EADS United Technologies Finmeccanica L-3 Communications Thales SAIC Huntington Ingalls Industries Almaz-Antei Safran Honeywell Rolls-Royce United Aircraft Corp. General Electric Oshkosh Truck ITT Exelis Computer Sciences Corp. DCNS Textron Vertolety Rossii Country USA USA UK USA USA USA Trans-Eur. USA Italy USA France USA USA Russia France USA UK Russia USA USA USA USA France USA Russia TI index C C B C C B C B C C B C .. F D C C F C C C C E C F

The global arms industry has long been associated with high levels of corruption. Many companies in the SIPRI Top 100, including many of the worlds leading arms companies, have been the subject of recent corruption allegations and in some cases court action. In particular, in those countries where auster-

Note: The 6 bands are A for extensive, B for good, C for moderate, D for limited, E for very limited and F for little or none. Source: Transparency International (TI) UK, Defence Companies Anti-corruption Index 2012 (TI UK: London, Oct. 2012).

SIPRI is an independent international institute dedicated to research into conict, armaments, arms control and disarmament. Established in 1966, SIPRI provides data, analysis and recommendations, based on open sources, to policymakers, researchers, media and the interested public.

GOVERNING BOARD
Gran Lennmarker, Chairman (Sweden) Dr Dewi Fortuna Anwar (Indonesia) Dr Vladimir Baranovsky (Russia) Ambassador Lakhdar Brahimi (Algeria) Jayantha Dhanapala (SriLanka) Ambassador Wolfgang Ischinger (Germany) Professor Mary Kaldor (UnitedKingdom) The Director

ity measures have resulted in decreased Extensive domestic arms procurement and thereGood fore company sales, the pressure on these Ungraded companies to secure export sales by any means necessaryincluding potentially Moderate Little or through corrupt meanshas increased. none Transparency Internationals Defence Very Companies Anti-Corruption Index Limited limited grades companies on the extent to which they have structures, policies and practices in place to prevent corruption, based Figure 4. Transparency on publicly available information. This International Anti-corruption includes company leadership, govern- Index for the SIPRI Top 100 for ance and organization; corruption risk- 2012 assessment mechanisms; company codes Source: See table 2. and policies; training; and personnel practices, including helplines for whistleblowing. Among the companies in the SIPRI Top 100 for 2012, only oneFluorwas graded as A (for extensive efforts). In addition, 7 companies were graded as B, 29 as C, 17 asD, 11 asE and 16 as F (see table2 and gure 4). Thus, most of the worlds leading arms-producing and military services companies appear to have major aws and omissions in their efforts to prevent corruption.

DIRECTOR
Professor Tilman Brck (Germany)

ABOUT THE AUTHORS

Dr Sam Perlo-Freeman (United Kingdom) is Director of the SIPRI Military Expenditure and Arms Production Programme. Pieter D. Wezeman (Netherlands) is a Senior Researcher with the SIPRI Arms

Transfers Programme. Arms industry data was supplied by the SIPRI Arms Industry Network: Vincent Boulanin (cole des hautes tudes en sciences sociales, Paris), Glay Gnlk-enesen (Istanbul University), Jang Won Joon (Korea Institute for Industrial Economics and Trade, Seoul), Shinichi Kohno (Mitsubishi Research Institute, Tokyo), Pere Ortega (Centre dEstudis per la Pau J. M. Dels, Barcelona) and Alessandro Ungaro (Istituto Affari Internazionali, Rome).

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