Global Arms Sales Hit New Highs Amid Pandemic: Report

A company sign is posted at a Raytheon Co. campus in El Segundo, Calif., on June 10, 2019. Mario Tama/Getty Images

The top 100 largest arms dealers earned $531 billion in 2020, according to the Stockholm International Peace Research Institute (SIPRI).

The 2020 earnings marked the sixth straight year of growth and a 17 percent increase from 2015, when SIPRI began tracking Chinese firms.