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Rank in '17 ('16) Company Sales in 2017 ($ million) Change over 2016 (%) 37 (38) Indian Ordnance Factories 2650 8.5 38 (37) Hindustan Aeronautics 2610 -0.9 64 (74) Bharat Electronics 1380 12 94 (106) Bharat Dynamics 880 13

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Four Indian companies figure among the world’s top 100 arms producers in 2017, according to the latest rankings released by SIPRI, a Stockholm-based think tank. Arms sales of the four Indian companies, all state-owned, totalled $7.52 billion in 2017, up 6.1% from the previous year. Arms sales of all 100 arms-producing and military services companies (excluding those from China ) in the list add up to $398.2 billion, which was 2.2% higher than the sales in 2016 and marks the third consecutive year of growth.SIPRI doesn’t cover Chinese companies due to lack of data. But it has collated information on several major firms. It estimates three Chinese arms companies would be among top 10: AVIC ($20.1 billion), NORINCO ($17.2 billion) and CETC ($12.2 billion). Besides, at least seven others would probably be in the top 100, SIPRI says. Combined arms sales of top 100 cos one-sixth of total sales of world’s 15 largest manufacturing firms.