The military industry is one of the largest and most profitable sectors in the world. It is responsible for the production of weapons, military vehicles, and other related equipment. The demand for these products comes from various governments around the world that use them to defend their countries, engage in conflicts, or maintain peace. In this article, we will discuss the biggest arms manufacturers in the world.
List of the biggest arms manufacturers in the world
Lockheed Martin
Lockheed Martin is an American company that is considered the world’s largest defense contractor. It produces a wide range of products, including fighter jets, helicopters, missiles, and satellites.
Total sales (Arms + Military Services), 2021 : 67,004 millions USD ; Arms sales, 2021 : 60,340 millions USD (90 % of total sales); source SIPRI, 2022
Raytheon Technologies
Raytheon Technologies is an American company that produces a range of products, including missiles, radars, and defense electronics.
Total sales (Arms + Military Services), 2021 : 64,388 millions USD ; Arms sales, 2021 : 41,850 millions USD (65 % of total sales); source SIPRI, 2022
Boeing Defense, Space & Security
Boeing Defense, Space & Security is the second-largest military manufacturer in the world. The company produces a wide range of products, including military aircraft, drones, and missiles.
Total sales (Arms + Military Services), 2021 : 62,286 millions USD ; Arms sales, 2021 : 33,420 millions USD (54% of total sales); source SIPRI, 2022
Northrop Grumman
Northrop Grumman is an American company that produces advanced defense technologies, including aircraft, missiles, and space systems.
Total sales (Arms + Military Services), 2021 : 35,667 millions USD ; Arms sales, 2021 : 29,880 millions USD (84 % of total sales); source SIPRI, 2022
General Dynamics
General Dynamics is an American company that produces a wide range of products, including submarines, tanks, and other defense systems.
Total sales (Arms + Military Services), 2021 : 38,469 millions USD ; Arms sales, 2021 : 26,390 millions USD (69% of total sales); source SIPRI, 2022
BAE Systems
BAE Systems is a British company that produces a wide range of defense products, including military aircraft, tanks, and naval ships.
Total sales (Arms + Military Services), 2021 : 26,851 millions USD ; Arms sales, 2021 : 26,020 millions USD (97% of total sales); source SIPRI, 2022
NORINCO
China North Industries Corporation, or NORINCO is a state-owned enterprise. It is one of the largest defense contractors in China, with a focus on the production of armored vehicles, artillery, and missiles. The company also produces non-military products, including chemicals, machinery, and electronics.
Total sales (Arms + Military Services), 2021 : 81,607 millions USD ; Arms sales, 2021 : 21,570 millions USD ( 26 % of total sales); source SIPRI, 2022
AVIC
AVIC, short for Aviation Industry Corporation of China, is one of the largest defense contractors in China. The state-owned enterprise is a leading producer of military aircraft and aerospace technology, as well as a range of other products.
Total sales (Arms + Military Services), 2021 : 80,446 millions USD ; Arms sales, 2021 : 20,110 millions USD ( 25 % of total sales); source SIPRI, 2022
In conclusion, the military industry is one of the most profitable sectors in the world, and the demand for defense products is unlikely to decrease anytime soon. The companies listed above are the biggest military manufacturers in the world, and they are responsible for producing some of the most advanced and sophisticated military equipment in existence.
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