Top 10 Largest Defence Companies in the World
Here are the Top 10 Largest Defence Companies in the World. A defense contractor (or military contractor) is a business organization or individual that provides products or services to a military department of a government. Products typically include militaryaircraft, ships, vehicles, weaponry, and electronic systems. Services can include logistics, technical support and training communications support, and in some cases team-based engineering in cooperation with the government.
10. United Technologies Corporation
United Technologies Corporation as one of the largest defence companies is an American multinational conglomerate headquartered in the United Technologies Building in Hartford, Connecticut. In April 2010, UTC announced that it was investing €15 million ($20 million) to set up the United Technologies Research Centre Ireland in University College Cork which will carry out research on energy and security systems. In September 2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker Goodrich Corporation.
9. L-3 Communications Holdings, Inc.
L-3 Communications Holdings, Inc. is a company that supplies command and control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, space, and navigation products. L-3 is headquartered in Murray Hill, Manhattan, New York City.
8. Finmeccanica S.p.A.
Finmeccanica S.p.A. is an Italian conglomerate. Finmeccanica is the second largest industrial group and the largest of the hi-tech industrial groups based in Italy. In 2011 the company faced accusations that it had created slush funds with which to bribe politicians and chairman Pier Francesco Guarguaglini came under investigation. He denied any wrong doing but, following pressure from Prime Minister Mario Monti, he stepped down from his post on 1 December receiving a golden handshake of 4 million Euros.
7. The European Aeronautic Defence and Space Company N.V.
The European Aeronautic Defence and Space Company N.V. is a global pan-European aerospace and defence corporation and a leading defence and military contractor worldwide. Through Cassidian, EADS is a major partner in the Eurofighter consortium as well as a key stakeholder in the missile systems provider MBDA. In 2009, the EADS generated revenues of €42.82 billion and employed 119,500 personnel.
6. Raytheon Company
Raytheon Company is a major American defense contractor and industrial corporation with core manufacturing concentrations in weaponsand military and commercial electronics. This largest defence companies has around 72,000 employees worldwide and annual revenues of approximately US$25 billion. More than 90% of Raytheon’s revenues were obtained from military contracts as of 2007.
5. General Dynamics Corporation
General Dynamics Corporation is a U.S. aerospace and defense company formed by mergers and divestitures. The company has four main business segments: Marine Systems, Combat Systems, Information Systems and Technology, and Aerospace. The company’s former Fort Worth Division manufactured the F-16 Fighting Falcon, the most-produced Western jet fighter, but that subsidiary was sold to Lockheed in 1993. GD reentered the airframe business in 1999 with their purchase of Gulfstream Aerospace.
4. Northrop Grumman Corporation
Northrop Grumman Corporation is an American global aerospace and defense technology company formed by the 1994 purchase of Grumman by Northrop. This largest defence companies employs over 75,000 people worldwide. Its 2010 annual revenue is reported at US$34 billion.Northrop Grumman ranks #72 on the 2011 Fortune 500 list of America’s largest corporations and ranks in the top ten Military Friendly employers.
3. The Boeing Company
The Boeing Company is an American multinational aerospace and defense corporation, founded in 1916 by William E. Boeing in Seattle, Washington. Boeing is among the largest global aircraft manufacturers by revenue, orders and deliveries, and the third largest aerospace and defense contractor in the world based on defense-related revenue. Boeing is the largest exporter by value in the United States.Its stock is a component of the Dow Jones Industrial Average.
2. BAE Systems plc
BAE Systems plc is a British multinational defence, security and aerospace company headquartered in London, United Kingdom, that has global interests, particularly in North America through its subsidiary BAE Systems Inc. BAE is among the world’s largest military contractors; in 2009 it was the second largest defence companies based on revenues. It was formed on 30 November 1999 by the £7.7 billion merger of two British companies, Marconi Electronic Systems (MES), the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc (GEC), and aircraft, munitions and naval systems manufacturer British Aerospace (BAe).
1. Lockheed Martin
Lockheed Martin is an American global aerospace, defense, security, and advanced technology company with worldwide interests. Lockheed Martin operates in four business segments. These comprise, with respective percentages of 2009 total net sales of $45.2 billion, Aeronautics (27%), Electronic Systems (27%), Information Systems & Global Solutions (27%), and Space Systems (19%). In 2009 US Government contracts accounted for $38.4 billion (85%), foreign government contracts $5.8 billion (13%), and commercial and other contracts $0.9 billion (2%). Lockheed Martin is the largest defence companies.