Abstract
Research background: Over the recent period, new “players” have appeared on the world arms and military equipment markets as large exporters, which were previously positioned as large importers of weapons. As international experience shows, in order to become a global exporter of weapons and military equipment, one needs to create powerful military companies. Russian defense companies occupy high places in various TOP lists, which provides the country with a stable position in the export markets. An analysis of the financial condition of these companies makes it possible to deepen the assessment of the prospects for Russian arms exports. The authors have repeatedly addressed the topic of Russian arms exports and the place of Russia in the global arms and military equipment trade markets. Purpose of the article: The main goal of the study is to analyze the current financial standing of the leading Russian defense industry companies, which ensure the country’s stable positions in global export markets. Methods: Generalizations of the research are based on the processing and systematization of data obtained from available information sources. By analyzing the statistics, the authors were able to deduce the trends of the current moment and determine the prospects. Findings & Value added: Consideration of the financial condition of backbone enterprises of the Russian defense industry enabled the authors to make an educated guess about what the prospects for Russia hold high positions in the global markets of AME.
Highlights
The global arms trade markets are highly competitive
We are talking about such countries as China (PRC), Japan, Saudi Arabia, UAE, India (Tulyakova, 2016; Dengov et al, 2021)
The success of any country in the global arms export market is determined by the number and size of its arms manufacturing companies, their place in the Top Lists
Summary
The global arms trade markets are highly competitive. Along with the military-political aspect, global players such as the United States, Russia, and the EU see them as a large and stable source of cash income (Blum, 2019; Tulyakova et al, 2017; Dengov et al, 2018; Tulyakova & Dengov, 2018; Tulyakova et al, 2019). We are talking about such countries as China (PRC), Japan, Saudi Arabia, UAE, India (Tulyakova, 2016; Dengov et al, 2021). They began to accelerate the creation of their own large companies for the production of certain types of weapons and some of them were quite successful in this business. The success of any country in the global arms export market is determined by the number and size of its arms manufacturing companies, their place in the Top Lists. The most authoritative sources of this information include SIPRI and Defence News
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