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Top 20 largest defense contractors in the world 2023

Victor Mochere by Victor Mochere
December 27, 2022
in Uncategorized
Reading Time: 2 mins read
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Top 20 largest defense contractors in the world

The global military economy has been transformed over the recent past by trends in military expenditure and technology. A defense contractor is a business organization or individual that provides products or services to a military or intelligence department of a government. Products typically include military or civilian aircraft, ships, vehicles, weaponry, and electronic systems, while services can include logistics, technical support and training, communications support, and engineering support in cooperation with the government.

Being a prime contractor can be beneficial to the growth and development of any business. Whether you have a small business or a large establishment, you can still bid for defense contracts. However, security contractors do not generally provide direct support of military operations. Under the 1949 Geneva Conventions, military contractors engaged in direct support of military operations may be legitimate targets of military interrogation.

Check out the top 20 largest defense contractors in the world.

Rank

Company

Defense revenue

1.

Lockheed Martin

58.21 billion

2.

Raytheon Technologies

36.79 billion

3.

Boeing

32.01 billion

4.

Northrop Grumman

20.24 billion

5.

General Dynamics Corp.

25.77 billion

6.

BAE Systems

23.96 billion

7.

NORINCO

17.75 billion

8.

AVIC

16.98 billion

9.

CETC

14.75 billion

10.

L3Harris Technologies

14.20 billion

11.

Airbus

11.93 billion

12.

CASIC

12.06 billion

13.

Leonardo

11.17 billion

14.

Thales Group

9.12 billion

15.

Huntington Ingalls

8.27 billion

16.

Leidos

7.38 billion

17.

Almaz-Antey

6.07 billion

18.

Honeywell

5.87 billion

19.

Booz Allen Hamilton

5.53 billion

20.

CSGC

5.42 billion

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