Top 10 Defense Companies in the World
[Ranked by revenue]
All companies in the directory. Ordered by the most recent annual revenue we hold for each company.
| Rank | Company | Revenue |
|---|---|---|
| 01 | Aviation Industry Corporation of China (AVIC) China | $83.4 billion (2023) |
| 02 | NORINCO (China North Industries Corporation) China | ¥500B |
| 03 | RTX Corporation United States RTX | $68.9 billion (2023) |
| 04 | Lockheed Martin United States LMT | $67.6 billion (2023) |
| 05 | China State Shipbuilding Corporation (CSSC) China | ¥390 billion (2023) |
| 06 | China Electronics Technology Group (CETC) China | ¥360 billion (2023) |
| 07 | China Aerospace Science and Technology Corporation (CASC) China | ¥350 billion (2023) |
| 08 | General Dynamics United States GD | $42.3 billion (2023) |
| 09 | Northrop Grumman United States NOC | $39.3 billion (2023) |
| 10 | China Aerospace Science and Industry Corporation (CASIC) China | ¥280 billion (2023) |
How This List Is Made
- Eligible
- All companies in the directory. Active companies only.
- Excluded
- Subsidiaries and divisions, so that a parent and its units are not counted twice.
- Ranked by
- Total annual revenue as recorded on each profile, usually for 2023. This is company revenue, not defence revenue. Figures in other currencies are converted to US dollars at approximate average rates to put them in order; the table shows the original figure.
- Coverage
- 193 of 3,000 eligible companies have revenue data. Companies without it are not ranked.
- Defence revenue
- For a ranking by defence revenue alone, see the Top 100 defence companies.