Meet the world’s greatest gunsmiths
Arms sales around the world are increasing every year. The arms sales record was broken by nearly $ 2,000 billion in 2019. Meet the world’s largest arms manufacturers here:
The American company Lockheed Martin is the largest arms manufacturer in the world. 89% of the company’s revenue comes from arms sales. Lockheed Martin’s products are mostly in the field of aerospace. The company sold more than $ 53 billion worth of weapons in 2019. Photo: Lockheed Martin Company US Air Force F-35 fighter.
Boeing is the second largest manufacturer of weapons in the world. Boeing’s total revenue in 2019 was $ 76.5 billion, of which 44%, or $ 33.5 billion, came from arms sales.
Northrop Grumman is a US company designing and manufacturing weapons equipment, aircraft and fighter jets, ships, vessels and aircraft carriers, satellites, missile defense systems, radar and air defense equipment. $ 29 billion, or 86 percent of the company’s total sales in 2019, came from the sale of weapons.
Sales of the American company Raytheon increased by 8% in 2019. Eighty-five percent of the plant’s $ 25 billion in revenue came from war sales. The company is one of the largest manufacturers of guided missiles in the world.
General Dynamics is an American aerospace and ammunition company that earns 62 percent of its $ 24 billion and $ 500 million revenue from arms and ammunition sales. General Dynamics is the maker of the F-16 fighter.
The Chinese Aviation Industry Corporation is the largest arms manufacturer in China. 34% of the company’s revenue in 2019, i.e. 22 billion and 500 million dollars, was obtained through the sale of weapons and software. Avik manufactures aircraft, UAVs and helicopters.
The British company was founded in 1999 from the merger of British Aerospace and GCC Macron and has since become one of the largest arms companies in the world and in Europe. Ninety-five percent of the company’s revenue, or $ 22 billion, came from the sale of software. Design and production of aircraft carriers, production of submarines and participation in the construction of F-35 and Eurofighter fighters are some of the activities of this company.
The Chinese company operates in the electronics and radar industries, and 46 percent of its $ 15 billion in revenue comes from the sale of military industries. The company had about 177,500 employees in 2020. In May 2021, two Chinese companies “CETC” and “Norinco” signed a cooperation agreement on military projects.
The Chinese company Norinco, one of the manufacturers of the tank, is one of the largest manufacturers and sellers of weapons in the world. The company sold $ 14.5 billion in weapons in 2019. This represents 22% of the company’s.
L3 Harris Technology
The American company was founded in 2019 from the merger of “Harris Group” and “L3 Technology” and operates in the field of military telecommunications, night vision, electronic command centers, etc. $ 14 billion, or 77 percent of the company’s revenue, comes from arms sales.
The American company United Technology in 2019 sold more than $ 13 billion in weapons. This amount, however, accounts for only 17% of its sales. United Technology merged with Raytheon in 2020 and is now one of the largest arms manufacturers and sellers in the world.
The company exports more than $ 11 billion in weapons annually and is also involved in the construction of Eurofighter fighters.
Airbus’s reputation is largely due to the construction of passenger aircraft. But 14% of the company’s revenue comes from the sale of military products. Airbus sells more than $ 11 billion worth of military products, but total sales are $ 79 billion. Germany and France own 11% of the shares and Spain 4% of the company.
The French company Thales is the third largest arms manufacturer and seller in Europe. The French government owns 26% of the company. The company sells 9 billion and 500 million euros worth of weapons annually, which accounts for about 46% of Thales’s total revenue.
Russian company “Almaz-Antey”
98% of the products of this Russian company, which was created in 2002 from the merger of “Almaz Anti” and “NPO Almaz”, are weapons. “Almaz-Anti” has faced a decline in sales and has fallen three places in the military industry rankings. However, the company had sales of 9 billion euros in 2019.
The 15 companies in the report earned $ 308 billion from nearly $ 2,000 billion in arms sales in 2019. “EDGE” from the United Arab Emirates is the first company in an Arab country to be included in the top 25 manufacturers and sellers of weapons in the world. Two companies from Germany are in the list of the top 100 companies in the world. Rheinmetall, the maker of the leopard tank is one of those companies with sales of approximately $ 4 billion.