Definitions for arms industry
arm·s in·dus·t·ry

Princeton's WordNetRate this definition:0.0 / 0 votes

1. munitions industry, arms industrynoun

   an industry that manufacturers weapons of war

WikipediaRate this definition:0.0 / 0 votes

1. Arms industry

   The arms industry, also known as the defence industry, the military industry, or the arms trade, is a global industry which manufactures and sells weapons and military technology. Public sector and private sector firms conduct research and development, engineering, production, and servicing of military material, equipment, and facilities. Customers are the armed forces of states, and civilians. An arsenal is a place where arms and ammunition – whether privately or publicly owned – are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include weapons, munitions, weapons platforms, military communications and other electronics, and more. The arms industry also provides other logistical and operational support. The Stockholm International Peace Research Institute (SIPRI) estimated military expenditures as of 2018 at $1822 billion. This represented a relative decline from 1990, when military expenditures made up 4% of world GDP. Part of the money goes to the procurement of military hardware and services from the military industry. The combined arms-sales of the top 100 largest arms-producing companies and military services companies (excluding China) totaled $420 billion in 2018, according to SIPRI. This was 4.6 percent higher than sales in 2017 and marks the fourth consecutive year of growth in Top 100 arms sales. In 2004, over $30 billion were spent in the international arms-trade (a figure that excludes domestic sales of arms). According to the institute, the five largest exporters in 2014–18 were the United States, Russia, France, Germany and China whilst the five biggest importers were Saudi Arabia, India, Egypt, Australia and Algeria.Many industrialized countries have a domestic arms-industry to supply their own military forces. Some countries also have a substantial legal or illegal domestic trade in weapons for use by their own citizens, primarily for self-defense, hunting or sporting purposes. Illegal trade in small arms occurs in many countries and regions affected by political instability. The Small Arms Survey estimates that 875 million small arms circulate worldwide, produced by more than 1,000 companies from nearly 100 countries.Governments award contracts to supply their country's military; such arms contracts can become of substantial political importance. The link between politics and the arms trade can result in the development of what U.S. President Dwight D. Eisenhower described in 1961 as a military–industrial complex, where the armed forces, commerce, and politics become closely linked, similarly to the European multilateral defense procurement. Various corporations, some publicly held, others private, bid for these contracts, which are often worth many billions of dollars. Sometimes, as with the contract for the international Joint Strike Fighter, a competitive tendering process takes place, with the decision made on the merits of the designs submitted by the companies involved. Other times, no bidding or competition takes place.

ChatGPTRate this definition:0.0 / 0 votes

1. arms industry

   The arms industry, also known as the defense industry or the arms trade, is a global industry engaged in the research, development, production, and sale of weapons and military technology. It includes government and commercial manufacturing and service companies. Products include guns, ammunition, missiles, military aircraft, military vehicles, ships, electronic systems, and more. The arms industry also conducts significant research and development and provides other logistical and operational support.

WikidataRate this definition:4.0 / 1 vote

1. Arms industry

   The arms industry is a global business which manufactures weapons and military technology and equipment. It consists of commercial industry involved in research, development, production, and service of military material, equipment and facilities. Arms producing companies, also referred to as defense contractors or military industry, produce arms mainly for the armed forces of states. Departments of government also operate in the arms industry, buying and selling weapons, munitions and other military items. Products include guns, ammunition, missiles, military aircraft, military vehicles, ships, electronic systems, and more. The arms industry also conducts significant research and development. It is estimated that yearly, over 1.5 trillion dollars are spent on military expenditures worldwide. This represents a decline from 1990 when military expenditures made up 4% of world GDP. Part of this goes to the procurement of military hardware and services from the military industry. The combined arms sales of the top 100 largest arms producing companies amounted to an estimated $315 billion in 2006. In 2004 over $30 billion were spent in the international arms trade. The arms trade has also been one of the sectors impacted by the credit crunch, with total deal value in the market halving from US$32.9bn to US$14.3bn in 2008. Many industrialized countries have a domestic arms industry to supply their own military forces. Some countries also have a substantial legal or illegal domestic trade in weapons for use by its citizens. An illegal trade in small arms is prevalent in many countries and regions affected by political instability.

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1. • Industry

How to pronounce arms industry?

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How to say arms industry in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of arms industry in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of arms industry in Pythagorean Numerology is: 1

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=arms industry
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Arms_Industry
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=arms industry