Top 100 Defense Companies in the World (2026)
The definitive ranking of the world's largest defense and aerospace companies by estimated defense revenue. From trillion-dollar prime contractors to the next generation of defense technology innovators.
Based on publicly available revenue data, annual reports, and industry estimates. Defense revenue represents the portion of total revenue derived from military/defense contracts and products.
Lockheed Martin
RTX Corporation
Northrop Grumman
General Dynamics
BAE Systems
| Rank | Company | Def. Revenue |
|---|---|---|
| 1 | Lockheed Martin LMT | $60.3B |
| 2 | RTX Corporation RTX | $39.6B |
| 3 | Northrop Grumman NOC | $36.8B |
| 5 | General Dynamics GD | $32.0B |
| 6 | BAE Systems BA. | $29.5B |
| 8 | Leonardo S.p.A. LDO.MI | $14.6B |
| 10 | Huntington Ingalls Industries HII | $11.5B |
| 11 | Leidos LDOS | $10.8B |
| 13 | Rheinmetall RHM | $7.0B |
| 14 | Safran SAF | $6.8B |
| 16 | Honeywell Aerospace HON | $5.2B |
| 17 | GE Aerospace GE | $5.0B |
| 18 | Booz Allen Hamilton BAH | $7.5B |
| 19 | SAIC SAIC | $6.5B |
| 21 | Elbit Systems ESLT | $5.9B |
| 23 | Israel Aerospace Industries | $5.2B |
| 24 | Saab AB SAAB-B.ST | $5.1B |
| 26 | CACI International CACI | $6.7B |
| 27 | Dassault Aviation AM | $3.8B |
| 28 | Fincantieri FCT | $4.0B |
| 29 | Hanwha Aerospace 012450 | $4.5B |
| 30 | Hindustan Aeronautics Limited HAL | $3.2B |
| 31 | Curtiss-Wright CW | $2.9B |
| 32 | ST Engineering S63 | $3.8B |
| 33 | Amentum | $9.0B |
| 34 | MBDA | $4.8B |
| 35 | Navantia | $2.2B |
| 37 | Naval Group | $4.5B |
| 38 | Mercury Systems MRCY | $0.8B |
| 40 | Anduril Industries Private; estimated | $1.0B |
| 41 | Parsons Corporation PSN | $4.0B |
| 42 | Bharat Electronics Limited BEL | $2.2B |
| 43 | KBR KBR | $3.5B |
| 44 | Nammo | $1.8B |
| 45 | Hensoldt HAG | $2.0B |
| 46 | Qinetiq QQ | $2.0B |
| 47 | Diehl Defence | $0.8B |
| 48 | Aselsan ASELS | $3.0B |
| 49 | Baykar Technologies Private; estimated | $2.0B |
| 50 | Roketsan | $1.5B |
| 52 | EDGE Group UAE state-owned | $6.0B |
| 53 | Kratos Defense KTOS | $0.9B |
| 54 | AeroVironment AVAV | $0.7B |
| 55 | Shield AI Private; estimated | $0.5B |
| 56 | MTU Defense Engines | $1.5B |
| 57 | Austal ASB | $1.8B |
| 58 | TransDigm TDG | $3.2B |
| 59 | Heico HEI | $1.5B |
| 60 | General Atomics Private; estimated | $3.5B |
| 61 | Oshkosh Defense OSK | $2.5B |
| 63 | Peraton Private | $7.0B |
| 65 | V2X | $3.8B |
| 66 | Jacobs Engineering J | $3.0B |
| 68 | Ducommun DCO | $0.7B |
| 69 | Chemring Group CHG | $0.6B |
| 71 | KNDS | $4.5B |
| 72 | Denel South African state-owned; restructuring | $0.3B |
| 74 | Tata Advanced Systems | $0.8B |
| 75 | Adani Defence & Aerospace | $0.4B |
| 76 | Bharat Dynamics Limited BDL | $0.4B |
| 77 | Martin-Baker Private | $0.4B |
| 78 | Indra Sistemas IDR | $1.5B |
| 81 | Avon Protection AVON | $0.3B |
| 82 | MOOG MOG.A | $1.5B |
| 84 | Havelsan | $0.8B |
| 85 | Mitsubishi Heavy Industries 7011 | $3.5B |
| 86 | Kawasaki Heavy Industries 7012 | $2.0B |
| 87 | IHI Corporation 7013 | $1.0B |
| 89 | Hanwha Defense | $3.0B |
| 90 | Poongsan Corporation 103140 | $0.8B |
| 91 | Embraer Defense ERJ | $1.2B |
| 92 | Helsing Private; estimated. European defense AI. | $0.1B |
| 93 | Saronic Private; estimated. Autonomous naval. | $0.05B |
| 94 | Epirus Private; estimated. Directed energy. | $0.1B |
| 96 | Skydio Private; estimated | $0.3B |
| 97 | Rocket Lab RKLB | $0.2B |
| 99 | Scale AI Private; estimated | $0.4B |
Methodology
This ranking is based on estimated defense revenue for the most recent fiscal year available (2023/2024). Defense revenue represents income from military contracts, defense products, and government security services.
Data sources include SIPRI Arms Industry Database, Defense News Top 100, company annual reports, SEC filings, and industry estimates. For private companies, revenue figures are estimated based on available information including contract awards, media reports, and industry analysis.
Revenue figures are converted to USD at average annual exchange rates. Rankings may differ from other lists due to different methodologies for calculating defense-specific revenue.