Top 10 European Defense Companies
[Ranked by revenue]
Headquartered in the UK, France, Germany, Italy, Spain, the Netherlands, Sweden, Norway, Poland, Finland or Belgium. Ordered by the most recent annual revenue we hold for each company.
| Rank | Company | Revenue |
|---|---|---|
| 01 | BAE Systems United Kingdom BA. | £25.3 billion (2023) |
| 02 | Safran France SAF | €23.0 billion (2023) |
| 03 | Thales Group France HO | €18.4 billion (2023) |
| 04 | Leonardo Italy LDO | €15.3 billion (2023) |
| 05 | Rolls-Royce Defence United Kingdom RR. | £12.7 billion (2023) |
| 06 | Airbus Defence and Space Germany AIR | €11.4 billion (2023) |
| 07 | Fincantieri Italy FCT | €7.7 billion (2023) |
| 08 | Rheinmetall Germany RHM | €7.2 billion (2023) |
| 09 | Dassault Aviation France AM | €6.9 billion (2023) |
| 10 | MTU Aero Engines Germany MTX | €6.3 billion (2023) |
How This List Is Made
- Eligible
- Headquartered in the UK, France, Germany, Italy, Spain, the Netherlands, Sweden, Norway, Poland, Finland or Belgium. 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
- 43 of 593 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.