Daily Management Review

9 companies that dominate the arms market


01/15/2018


The world spends $ 1.69 trillion a year on military spending, and almost $ 375 billion from this amount go to purchase specific types of weapons. There is a supplier for each type of weapons, be it tanks, airplanes, missiles or military vessels. Below we will tell about the largest military companies that dominate the arms market in the world.



Brian Bukowski
Brian Bukowski
1. Lockheed Martin

Sales volume (as of 2016): $ 40.8 billion

Share of weapons in total sales: 86%

Lockheed Martin Corporation is an American company specializing in aircraft construction, aerospace engineering, shipbuilding, automation of postal services and airport logistics. The company headquarters in Bethesda (Maryland), USA. Currently, the post of president, chairman and CEO of the corporation is occupied by Marillyn Hewson. The company is the world's largest supplier and developer of defense equipment by volume of contracts.

2. Boeing

Sales volume (as of 2016): $ 29.5 billion

Share of weapons in total sales: 31%

Boeing Company is an American corporation. It is one of the world's largest manufacturers of aviation, space and military equipment. The corporation consists of two main production divisions: Boeing Commercial Airplanes (civilian products) and Boeing Integrated Defense Systems (military products and space technology). In addition, the corporation includes Boeing Capital Corporation (issues of project financing), Shared Services Group (infrastructure support) and Boeing Engineering, Operations & Technology (development, acquisition and implementation of innovative technologies and processes).

3. Raytheon

Sales volume (as of 2016): $ 22.9 billion

Share of weapons in total sales: 95%

Raytheon is an American company, a major supplier of the US military department. More than 90% of the company's revenues come from defense orders. The company has developed the "Patriot" air defense missile system, and produces the Tomahawk rockets. The development of missile weapons was initially undertaken by a division called Lab Sixteen, which later grew into a branch called Raytheon Missile Systems with its own production and full production cycle (from development to serial production of missiles) in the company's extensive structure.

4. BAE Systems

Sales volume (as of 2016): $ 22.8 billion

Share of weapons in total sales: 95%

BAE Systems is a defense company from Great Britain. It is engaged in developments of armaments, information security, aerospace. The headquarters is located in Farnborough, Hampshire, England. BAE Systems’ works with foreign customers, in particular with North America, is conducted through the subsidiary of BAE Systems Inc.

5. Northrop Grumman

Sales volume (as of 2016): $ 21.4 billion

Share of weapons in total sales: 87%

Northrop Grumman Corporation is an American military-industrial company working in the field of electronics and information technology, aerospace, shipbuilding. It was formed in 1994 as a result of the merger of Northrop Corporation and Grumman Corporation.

6. General Dynamics

Sales volume (as of 2016): $ 19.2 billion

Share of weapons in total sales: 61%

General Dynamics Corporation is an American company, one of the world's largest manufacturers of military and aerospace equipment. The company operates in four major segments: marine systems, combat systems, information systems and technologies, aerospace technologies. In addition to F-16s and submarines, the M1 Abrams tank, the Piranha armored personnel carrier, etc. are among the famous weapon models developed and manufactured by the company. Currently, General Dynamics is the lead contractor for one of the two coastal spacecraft construction projects, LCS .

7. Airbus

Sales volume (as of 2016): $ 12.5 billion

Share of weapons in total sales: 17%

Airbus is one of the largest aircraft manufacturing companies in the world, formed in the late 1960's through the merger of several European aircraft manufacturers. The company produces passenger, freight and military transport aircraft under the brand Airbus. The staff of Airbus consists of about 50 thousand people and is concentrated mainly in four European countries: France, Germany, Great Britain, Spain. The final assembly of the products is carried out at the company's factories in the cities of Toulouse (France) and Hamburg (Germany).

8. L3 Technologies

Sales volume (as of 2016): $ 8.9 billion

Share of weapons in total sales: 85%

L3 Technologies, Inc. is an American company that supplies systems for combat control, communications, reconnaissance, surveillance and reconnaissance (C3ISR) products and systems, avionics, sea equipment, training devices and services, instrumentation, space and navigation products.

9. BAE Systems (US subsidiary)

Sales volume (as of 2016): $ 9.3 billion

Share of weapons in total sales: 93%

BAE Systems Inc. is an American division of a British company. It is engaged in developments in the field of armaments, information security, aerospace.






Science & Technology

Europe overtakes US by number of patents for self-driving car technologies

Samsung introduces display technology for folding screens

How retailers use technologies to increase sales

Facebook releases videochat devices Portal and Portal Plus

Smartphone makers will pay for pre-installing Google apps‍

Five loudest data leaks

Airbus announces Moon exploration competition

Former Head Of Google China Thinks Funding In AI Should Be Doubled By US

Germany Introduces The First Ever Train To Run On 100% Hydrogen

Germany Plans On Cyber Security Research To End Reliance On U.S. Tech

World Politics

World & Politics

Brexit Negotiators Of Both Parties Close Down On Irish Border Text, Reports RTE

Bloomberg: Theresa May can face catastrophic defeat in parliament

New Asian Foreign Policy May Be Set By Congress After Democrats Taking Control Of House

Italy refuses to change draft budget

Italy is about to tighten its migration policy

Macron calls to create a pan-European army

Signals Of Mending Of US-China Emerge Before Anticipated G20 Meet

Moscovici: the European Commission may impose sanctions on Italy