Top 10 Naval Defense Companies
[Ranked by revenue]
Categories: shipbuilding, surface combatants, submarines, carriers, patrol vessels, naval weapons. Ordered by the most recent annual revenue we hold for each company.
| Rank | Company | Revenue |
|---|---|---|
| 01 | China State Shipbuilding Corporation (CSSC) China | ¥390 billion (2023) |
| 02 | General Dynamics United States GD | $42.3 billion (2023) |
| 03 | BAE Systems United Kingdom BA. | £25.3 billion (2023) |
| 04 | Mitsubishi Heavy Industries Japan 7011 | ¥4.2 trillion (2023) |
| 05 | Leonardo Italy LDO | €15.3 billion (2023) |
| 06 | Rolls-Royce Defence United Kingdom RR. | £12.7 billion (2023) |
| 07 | Hyundai Heavy Industries South Korea 329180 | $15 billion (2023) |
| 08 | Kawasaki Heavy Industries Japan 7012 | ¥1.8 trillion (2023) |
| 09 | Huntington Ingalls Industries United States HII | $11.5 billion (2023) |
| 10 | IHI Corporation Japan 7013 | ¥1.3 trillion (2023) |
How This List Is Made
- Eligible
- Categories: shipbuilding, surface combatants, submarines, carriers, patrol vessels, naval weapons. 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
- 26 of 279 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.