72 major arms producers — from Lockheed Martin to Baykar, from submarines to satellites — profiled: what they build, who they sell to, and how big they are.
| Rank | Producer | Country | Arms revenue |
|---|---|---|---|
| 1 | Lockheed Martin | United States | $60.8B |
| 2 | RTX | United States | $40.7B |
| 3 | Northrop Grumman | United States | $35.6B |
| 4 | Boeing Defense | United States | $31.1B |
| 5 | General Dynamics | United States | $30.2B |
| 6 | BAE Systems | United Kingdom | $29.8B |
| 7 | Rostec | Russia | $21.7B |
| 8 | AVIC | China | $20.9B |
| 9 | Norinco | China | $20.6B |
| 10 | CETC | China | $16.1B |
| 11 | L3Harris Technologies | United States | $14.8B |
| 12 | Airbus Defence and Space | France · Germany · Spain · United Kingdom | $12.9B |
| 13 | Leonardo | Italy | $12.4B |
| 14 | CASC | China | $12.4B |
| 15 | CSSC | China | $11.5B |
| 16 | Thales | France | $10.4B |
| 17 | Huntington Ingalls Industries | United States | $9.3B |
| 18 | CASIC | China | $8.9B |
| 19 | Leidos | United States | $8.7B |
| 20 | Rolls-Royce | United Kingdom | $6.3B |
