World nuclear arms spending swelled $1.4 bn amid pandemic, half of it by US: Report

Even as the pandemic raged and economies around the world were devastated, nuclear-armed powers last year increased spending on atomic weapon arsenals by 1.4 billion dollars, campaigners say.

In a fresh report on Monday, the International Campaign to Abolish Nuclear Weapons (ICAN) detailed how the world's nine nuclear-armed states continued to swell their spending on such weapons.

"While hospital beds filled up with patients, doctors and nurses worked over hours and basic medical supplies ran scarce," nine nuke powers found they had "more than $72 billion on hand for their weapons of mass destruction," the report said.

This represented a 1.4-billion-dollar (1.2-billion-euro) increase over 2019 spending, said ICAN, which won the 2017 Nobel Peace Prize.

The United States spent more than half of the total amount, at $37.4 billion, accounting for roughly five percent of its total military spending last year, according to the report.

China was believed to have spent some $10 billion, and Russia $8.0 billion, according to ICAN's estimates.

USD137,000 every minute

When taken jointly, the nuclear-armed powers, which also include Britain, France, India, Israel, Pakistan and North Korea, spent more than $137,000 every minute in 2020, it found.

The increase in spending came not only while the world was grappling with its worst pandemic in a century, but also as many other countries were banding together to ban nuclear weapons.

World nuclear arms spending hit $73bn last year – half of it by US: Report

The world’s nuclear-armed nations spent a record $73 billion on their weapons last year, with the US spending almost as much as the eight other states combined, according to a new report.

Last October, a treaty championed by ICAN to abolish the weapons received its 50th ratification, triggering its entry into force in January this year.

While these nine nuclear powers "continued to waste billions on weapons of mass destruction, the rest of the world was busy making them illegal," ICAN said.

The report, entitled "Complicit: 2020 Global Nuclear Spending," highlighted how governments were increasingly channeling tax money to defense contractors, who in turn spend increasing amounts on lobbyists encouraging increased spending.

More than 20 companies producing nuclear weapons profited from the business last year through existing or new contracts, with 11 Western companies alone raking in $27.7 billion in new or modified nuclear-weapons contracts, it found.

The top companies profiting from such contracts were Northrop Grumman, General Dynamics, Lockheed Martin, Raytheon Technologies and Draper.

The report said that nearly half of the US spending last year, a full $13.7 billion, went to Northrop Grumman to build a completely new nuclear weapons system.

That company in turn spent $13.3 million lobbying US policy makers to spend more money on defense, and another $2.0 million funding major think-tanks that research and write about nuclear weapons, the report said.

Overall, companies' lobbying efforts paid off nicely, it said.

For every dollar spent last year lobbying governments to spend more on defense, $236 came back to companies in nuclear weapons contracts, the report found.

(Source: AFP)

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