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Artillery shells of German arms manufacturer Rheinmetall are displayed in Unterluess, Germany, on Aug. 27, 2025. AP Photo/Markus Schreiber, File

Artillery shells of German arms manufacturer Rheinmetall are displayed in Unterluess, Germany, on Aug. 27, 2025. AP Photo/Markus Schreiber, File

Report says world’s biggest arms producers increased revenue by 5.9% last year to record level

STOCKHOLM (AP) — The world’s biggest weapons-producing companies saw a 5.9% increase in revenue from sales of arms and military services last year as demand was fed by the wars in Ukraine and Gaza as well as countries’ rising military spending, according to a report released Monday.