defense battery | Top 100 defense companies for 2020
Top 100 for 2020
| This year's rank | Last Year's Rank | Company | Leadership | Country | 2019 Defense Revenue (in millions) | 2018 Defense Revenue (in millions) | % Defense Revenue Change | 2019 Total Revenue (in millions) | Revenue From Defense |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Lockheed Martin 1 | James D. Taiclet, President and CEO * | U.S. | $56,606.00 | $50,536.00 | 12% | $59,812.00 | 95% |
| 2 | 2 | Boeing | David Calhoun, President and CEO * | U.S. | $34,300.00 | $34,050.00 | 1% | $76,559.00 | 45% |
| 3 | 6 | General Dynamics 2 | Phebe Novakovic, Chairman and CEO | U.S. | $29,512.00 | $27,507.00 | 7% | $39,350.00 | 75% |
| 4 | 3 | Northrop Grumman | Kathy J. Warden, Chairman, CEO and President | U.S. | $28,600.00 | $25,300.00 | 13% | $33,841.00 | 85% |
| 5 | 4 | Raytheon Company 1 3 | Thomas Kennedy, Chairman and CEO | U.S. | $27,448.00 | $25,163.94 | 9% | $29,200.00 | 94% |
| 6 | 5 | Aviation Industry Corporation of China | Tan Ruisong, Chairman of the Board, and Luo Ronghuai, President | China | $25,075.38 | $24,902.01 | 1% | $66,858.02 | 38% |
| 7 | 7 | BAE Systems 1 | Charles Woodburn, Group CEO | U.K. | $21,033.27 | $22,477.48 | -6% | $23,370.30 | 90% |
| 8 | 8 | China North Industries Group Corporation Limited | Jiao Kaihe, Chairman, and Liu Dashan, President | China | $14,771.60 | $14,777.77 | 0% | $68,074.15 | 22% |
| 9 | NEW | L3Harris Technologies 4 | Bill Brown, Chairman and CEO | U.S. | $13,916.98 | $12,303.08 | 13% | $18,074.00 | 77% |
| 10 | 17 | United Technologies Corp. 1 3 | Gregory J. Hayes, Chairman and CEO | U.S. | $13,090.00 | $9,310.00 | 41% | $77,000.00 | 17% |
| 11 | 10 | China Aerospace Science and Industry Corporation | Yuan Jie, Chairman and Secretary of the Party Committee, and Liu Shiquan, General Manager and President * | China | $12,035.25 | $12,130.93 | -1% | $37,610.17 | 32% |
| 12 | 9 | Airbus 5 | Guillaume Faury, CEO | Netherlands/France | $11,266.57 | $13,063.82 | -14% | $78,916.36 | 14% |
| 13 | 13 | Leonardo | Alessandro Profumo, CEO | Italy | $11,109.27 | $9,828.51 | 13% | $15,429.55 | 72% |
| 14 | 14 | China Shipbuilding Industry Corporation 6 | Lei Fanpei, Chairman, and Yang Jincheng, Director and General Manager * | China | $11,019.56 | $9,795.47 | 12% | $55,097.78 | 20% |
| 15 | 12 | China Electronics Technology Group | Chen Zhaoxiong, Chairman of the Board, and Wu Manqing, President * | China | $10,148.87 | $10,275.58 | -1% | $32,951.25 | 31% |
| 16 | 16 | Thales | Patrice Caine, Chairman and CEO | France | $9,251.68 | $9,575.57 | -3% | $20,596.61 | 45% |
| 17 | 15 | Almaz-Antey | Yan Novikov, CEO | Russia | $9,191.60 | $9,660.14 | -5% | $9,651.71 | 95% |
| 18 | 11 | China South Industries Group Corporation | Xu Xianping, Chairman of the Group and Secretary of the Party Committee, and Gong Yangde, Group Company Director and General Manager * | China | $8,845.87 | $11,963.37 | -26% | $28,550.02 | 31% |
| 19 | 20 | Huntington Ingalls Industries | Mike Petters, President and CEO | U.S. | $8,119.00 | $7,767.00 | 5% | $8,899.00 | 91% |
| 20 | 19 | China Aerospace Science and Technology Corporation | Wu Yansheng, Chairman of the Board, Xu Qiang, President, and Fang Xiangming, Executive Director * | China | $7,745.57 | $8,138.47 | -5% | $36,223.21 | 21% |
| 21 | NEW | Mitsubishi Heavy Industries 7 | Seiji Izumisawa, President and CEO | Japan | $6,570.00 | N/A | N/A | $37,670.00 | 17% |
| 22 | 38 | Dassault 8 | Eric Trappier, Chairman and CEO | France | $5,708.84 | $2,934.43 | 95% | $8,171.48 | 70% |
| 23 | 21 | Leidos | Roger Krone, Chairman and CEO | U.S. | $5,364.00 | $5,378.00 | 0% | $11,094.00 | 48% |
| 24 | 22 | China State Shipbuilding Corporation 6 | Lei Fanpei, Chairman, and Yang Jincheng, Director and General Manager | China | $5,356.75 | $4,954.07 | 8% | $33,495.61 | 16% |
| 25 | 25 | Honeywell | Darius Adamczyk, Chairman and CEO | U.S. | $5,326.00 | $4,665.00 | 14% | $36,709.00 | 15% |
| 26 | 23 | Booz Allen Hamilton | Horacio D. Rozanski, President and CEO | U.S. | $5,182.96 | $4,700.00 | 10% | $7,463.84 | 69% |
| 27 | 24 | Rolls-Royce | Warren East, CEO | U.K. | $4,712.36 | $4,682.36 | 1% | $19,725.28 | 24% |
| 28 | 56 | Safran 9 | Philippe Petitcolin, CEO | France | $4,413.05 | $1,636.67 | 170% | $27,581.55 | 16% |
| 29 | 29 | GE Aviation | David Joyce, GE Vice Chairman; President and CEO of GE Aviation | U.S. | $4,400.00 | $4,100.00 | 7% | $32,875.00 | 13% |
| 30 | 28 | Naval Group | Pietre-Eric Pommelet, CEO * | France | $4,155.14 | $4,260.53 | -2% | $4,155.14 | 100% |
| 31 | 35 | Elbit Systems Ltd. | Bezhalel Machlis, President and CEO | Israel | $4,056.00 | $3,326.65 | 22% | $4,508.00 | 90% |
| 32 | 27 | Hanwha 10 | Seung Youn Kim, Chairman | South Korea | $3,976.23 | $4,281.48 | -7% | $42,900.00 | 9% |
| 33 | 30 | Rheinmetall AG | Armin Papperger, CEO | Germany | $3,942.46 | $3,803.54 | 4% | $7,001.73 | 56% |
| 34 | 37 | CACI International Inc. | John Mengucci, President and CEO * | U.S. | $3,489.85 | $3,032.75 | 15% | $4,986.34 | 70% |
| 35 | 32 | Tactical Missiles Corporation JSC | Boris Obnosov, Director General | Russia | $3,474.90 | $3,591.46 | -3% | $3,546.46 | 98% |
| 36 | 42 | SAIC | Nazzic Keene, CEO | U.S. | $3,317.08 | $2,795.40 | 19% | $6,379.00 | 52% |
| 37 | 40 | Perspecta Inc. | Mac Curtis, President and CEO | U.S. | $3,300.00 | $2,817.70 | 17% | $4,504.00 | 73% |
| 38 | 34 | Textron Inc. | Scott C. Donnelly, Chairman and CEO | U.S. | $3,271.20 | $3,350.00 | -2% | $13,630.00 | 24% |
| 39 | 39 | Babcock International | Archie Bethel, Chief Executive | U.K. | $3,233.92 | $2,909.79 | 11% | $6,220.17 | 52% |
| 40 | 36 | Saab AB | Micael Johansson, President and CEO * | Sweden | $3,185.19 | $3,243.68 | -2% | $3,747.29 | 85% |
| 41 | 44 | Israel Aerospace Industries Ltd. | Nimrod Sheffer, President and CEO | Israel | $3,006.00 | $2,647.00 | 14% | $4,108.00 | 73% |
| 42 | 47 | KBR | Stuart Bradie, President and CEO | U.S. | $2,852.62 | $2,425.78 | 18% | $5,639.38 | 51% |
| 43 | 45 | KNDS 11 | Frank Haun, Co-CEO, and Stephane Mayer, Co-CEO | Netherlands | $2,798.45 | $2,597.89 | 8% | $2,798.45 | 100% |
| 44 | 46 | Rafael Advanced Defense Systems Ltd. | Yoav Har-Even, President and CEO | Israel | $2,746.65 | $2,592.00 | 6% | $2,746.65 | 100% |
| 45 | 43 | Hindustan Aeronautics Ltd. | Rajagopalan Madhavan, Chairman and Managing Director | India | $2,710.00 | $2,754.60 | -2% | $3,010.00 | 90% |
| 46 | NEW | Amentum 12 | John Vollmer, CEO | U.S. | $2,700.00 | $2,200.00 | 23% | $4,100.00 | 66% |
| 47 | 31 | Bechtel | Brendan Bechtel, Chairman and CEO | U.S. | $2,303.00 | $3,745.00 | -39% | $21,800.00 | 11% |
| 48 | 52 | Aselsan A.S. | Haluk Görgün, Chairman, President and CEO | Turkey | $2,172.57 | $1,792.63 | 21% | $2,290.61 | 95% |
| 49 | 41 | Jacobs 13 | Steve Demetriou, Chair of the Board and CEO | U.S. | $2,115.00 | $1,567.00 | 35% | N/A | N/A |
| 50 | 50 | Oshkosh Defense | John Bryant, Executive Vice President, Oshkosh Corporation; President, Oshkosh Defense | U.S. | $2,032.00 | $1,828.90 | 11% | $8,382.00 | 24% |
| 51 | 49 | Aerojet Rocketdyne Holdings, Inc. | Eileen Drake, CEO and President | U.S. | $1,982.00 | $1,895.90 | 5% | $1,982.00 | 100% |
| 52 | 62 | TransDigm 1 | Kevin Stein, President, CEO and Director | U.S. | $1,932.59 | $1,333.89 | 45% | $5,223.20 | 37% |
| 53 | 69 | Turkish Aerospace Industries 14 | Temel Kotil, President and CEO | Turkey | $1,858.35 | $1,307.65 | 42% | $2,266.79 | 82% |
| 54 | 57 | Cobham 15 | Shonnel Malani, Chairman * | U.K. | $1,787.40 | $1,588.37 | 13% | $2,628.76 | 68% |
| 55 | 54 | Korea Aerospace Industries Ltd. | Ahn Hyun-ho, President and CEO * | South Korea | $1,740.87 | $1,694.35 | 3% | $2,667.20 | 65% |
| 56 | 51 | DynCorp International | George Krivo, CEO | U.S. | $1,730.34 | $1,803.40 | -4% | N/A | N/A |
| 57 | 48 | ST Engineering 16 | Vincent Chong, President and CEO | Singapore | $1,685.80 | $1,556.58 | 8% | $5,790.36 | 29% |
| 58 | 55 | Fincantieri S.p.A. | Giuseppe Bono, CEO | Italy | $1,682.74 | $1,693.51 | -1% | $6,547.50 | 26% |
| 59 | 58 | Sierra Nevada Corp. | Eren Ozmen, Chairwoman, President and Owner, and Fatih Ozmen, CEO and Owner | U.S. | $1,591.00 | $1,500.00 | 6% | $1,989.00 | 80% |
| 60 | 64 | Serco | Rupert Soames, CEO | U.K. | $1,493.76 | $1,264.02 | 18% | $4,146.78 | 36% |
| 61 | 66 | Bharat Electronics Ltd. | M V Gowtama, Chairman and Managing Director | India | $1,390.00 | $1,144.94 | 21% | $1,780.00 | 78% |
| 62 | 60 | Melrose Industries 17 | Simon Peckham, Chief Executive | U.K. | $1,376.30 | $1,366.40 | 1% | $14,799.70 | 9% |
| 63 | 65 | Vectrus | Chuck Prow, President and CEO | U.S. | $1,367.63 | $1,232.74 | 11% | $1,382.64 | 99% |
| 64 | 68 | Austal | David Singleton, CEO | Australia | $1,289.64 | $1,055.14 | 22% | $1,324.47 | 97% |
| 65 | 67 | QinetiQ Plc | Steve Wadey, CEO | U.K. | $1,274.16 | $1,118.80 | 14% | $1,369.92 | 93% |
| 66 | 75 | Ball Corporation | John A. Hayes, Chairman, President and CEO * | U.S. | $1,256.00 | $934.00 | 34% | $11,500.00 | 11% |
| 67 | 63 | Hensoldt | Thomas Mueller, CEO | Germany | $1,247.17 | $1,310.89 | -5% | $1,247.17 | 100% |
| 68 | 61 | LIG Nex1 | Kim Ji Chan, President and CEO | South Korea | $1,246.42 | $1,341.23 | -7% | $1,246.42 | 100% |
| 69 | 74 | Viasat 18 | Mark Dankberg, Chairman of the Board and CEO | U.S. | $1,138.10 | $955.60 | 19% | $2,300.00 | 49% |
| 70 | 71 | PAE | John Heller, President and CEO | U.S. | $1,082.00 | $980.00 | 10% | $2,764.00 | 39% |
| 71 | 76 | Moog Inc. | John R. Scannell, CEO | U.S. | $1,081.43 | $925.02 | 17% | $2,904.66 | 37% |
| 72 | 73 | Curtiss-Wright Corporation | David C. Adams, Chairman and CEO | U.S. | $1,079.05 | $960.60 | 12% | $2,487.96 | 43% |
| 73 | 72 | Meggitt | Tony Wood, CEO | U.K. | $1,052.01 | $975.98 | 8% | $2,905.81 | 36% |
| 74 | 70 | CAE | Marc Parent, President and CEO | Canada | $1,001.08 | $995.33 | 1% | $2,724.55 | 37% |
| 75 | 78 | Ultra Electronics | Simon Pryce, CEO | U.K. | $906.26 | $890.29 | 2% | $1,053.80 | 86% |
| 76 | 77 | Ruag 1 19 | Urs Kiener, CEO ad int. and Chief Financial Officer * | Switzerland | $886.86 | $898.65 | -1% | $2,015.59 | 44% |
| 77 | 80 | Kongsberg 20 | Geir Haoy, President and CEO | Norway | $823.43 | $750.00 | 10% | $2,736.93 | 30% |
| 78 | 79 | Day & Zimmermann | Hal Yoh, Chair and CEO | U.S. | $821.10 | $773.77 | 6% | $2,457.00 | 33% |
| 79 | 84 | Embraer | Francisco Gomes Neto, President and CEO | Brazil | $775.00 | $728.00 | 6% | $5,463.00 | 14% |
| 80 | 82 | Teledyne Technologies | Robert Mehrabian, Executive Chairman, and Aldo Pichelli, President and CEO | U.S. | $759.80 | $655.30 | 16% | $3,163.60 | 24% |
| 81 | 90 | AAR Corp. | John M. Holmes, President and CEO | U.S. | $739.79 | $493.72 | 50% | $2,051.80 | 36% |
| 82 | 87 | Cubic Corporation | Bradley H. Feldmann, Chairman, President and CEO | U.S. | $646.70 | $532.18 | 22% | $1,496.00 | 43% |
| 83 | 81 | Indra | Fernando Abril-Martorell, Chairman and CEO, and Ignacio Mataix, Executive Director, Indra; Senior Vice President, Transport & Defense business | Spain | $633.57 | $732.13 | -13% | $3,586.50 | 18% |
| 84 | NEW | Peraton | Stu Shea, Chairman, President and CEO | U.S. | $631.29 | $638.27 | -1% | $1,029.69 | 61% |
| 85 | 92 | Mercury Systems | Mark Aslett, President and CEO | U.S. | $622.59 | $473.46 | 32% | $654.74 | 95% |
| 86 | 86 | Diehl Group | Karl Tragl, CEO | Germany | $577.60 | $547.92 | 5% | $4,062.23 | 14% |
| 87 | 94 | Battelle | Lewis Von Thaer, President and CEO | U.S. | $560.00 | $440.00 | 27% | $8,200.00 | 7% |
| 88 | 83 | John Cockerill Defense | Thierry Renaudin, President | Belgium | $548.16 | $595.15 | -8% | $548.16 | 100% |
| 89 | 85 | BMC Otomotiv Sanayi ve Ticaret A.S. | Bulent Denkdemir, CEO | Turkey | $533.56 | $554.18 | -4% | $676.59 | 79% |
| 90 | 88 | Patria 1 21 | Esa Rautalinko, President and CEO | Finland | $522.64 | $524.00 | 0% | $568.09 | 92% |
| 91 | 89 | Roketsan A.S | Selcuk Yasar, President and CEO | Turkey | $515.18 | $522.76 | -1% | $515.18 | 100% |
| 92 | 85 | STM Savunma Teknolojileri Muhendislik ve Ticaret A.S. | Murat Ikinci, General Manager | Turkey | $485.08 | $564.83 | -14% | $503.73 | 96% |
| 93 | NEW | DLT Solutions | Chris Wilkinson, President | U.S. | $468.70 | $437.39 | 7% | $1,241.09 | 38% |
| 94 | 91 | Nammo 1 22 | Morten Brandtzaeg, President and CEO | Norway | $461.26 | $487.67 | -5% | $576.57 | 80% |
| 95 | 93 | Hyundai Rotem Company 23 | Yong-Bae Lee, CEO * | South Korea | $449.82 | $459.95 | -2% | $2,040.00 | 22% |
| 96 | 96 | Chemring | Michael Ord, Group Chief Executive | U.K. | $385.17 | $336.90 | 14% | $427.96 | 90% |
| 97 | NEW | Allegheny Technologies Inc. | Robert S. Wetherbee, President and CEO | U.S. | $377.10 | $277.10 | 36% | $4,122.50 | 9% |
| 98 | NEW | FNSS Savunma Sistemleri A.S. | Nail Kurt, General Manager and CEO | Turkey | $374.94 | $367.54 | 2% | $374.94 | 100% |
| 99 | NEW | Havelsan A.S. | Ahmet Hamdi Atalay, General Manager and CEO | Turkey | $295.61 | $278.60 | 6% | $342.27 | 86% |
| 100 | 97 | Telephonics Corporation | Kevin McSweeney, President | U.S. | $295.51 | $288.11 | 3% | $2,209.29 | 13% |
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- Data for the Top 100 list comes from information Defense News solicited from companies, from companies’ annual reports, from analysts, and from research by Defense News and the International Institute for Strategic Studies.
- Companies were contacted by Defense News and asked to fill out a survey reporting their total annual revenue and revenue derived from defense, intelligence, homeland security and other national security contracts.
- Currency conversions for non-U.S. firms were calculated using average market conversion rates over each firm’s fiscal year to mitigate the effects of currency fluctuations.
- Company adjustments made to 2018 defense revenue during the subsequent year is not reflected unless otherwise noted.
- 1 Total defense revenue is based on a percentage of total revenue given by the company.
- 2 Total defense revenue comes from four of the company's defense businesses: Marine Systems, Combat Systems, Information Technology and Mission Systems. This includes some nondefense work that the IT business performs, and does not include defense work at its subsidiary Gulfstream Aerospace Corporation. Omitted in last year's list from the total defense revenue of General Dynamics was a subsidiary's defense revenue. That additional revenue is accounted for in the 2018 defense revenue as submitted this year by the company.
- 3 Raytheon Company and United Technologies Corporation merged in April 2020 to form Raytheon Technologies Corporation. Thomas A. Kennedy ran Raytheon until the merger was complete, when Gregory J. Hayes, who ran UTC, became CEO of the combined companies.
- 4 L3 Technologies (ranked 18 last year) and Harris Corporation (ranked 26 last year) completed a merger July 1, 2019. Bill Brown, who led Harris Corporation, is chairman and CEO of the combined companies.
- 5 Airbus lists its "headquarters" in the Netherlands and its "main office" in France.
- 6 China’s two largest shipbuilding conglomerates, China Shipbuilding Industry Company and China State Shipbuilding Corporation, merged in November 2019 to create China State Shipbuilding Corporation Limited. The revenue figures are provided for each individual company prior to the merger. The leaders listed for these two companies are part of the post-merger structure.
- 7 Defense revenue reflects awards made by Japan's Ministry of Defense for the fiscal year ending March 31, 2019.
- 8 Eric Trappier is CEO of Dassault Aviation.
- 9 Safran attributes the large rise in defense revenue from the previous Top 100 list to a difference in calculation for this list. Since 2015, the numbers were the revenue of Safran Electronics & Defense activities. This year, Safran changed its approach by adding the military activities of the group’s other subsidiaries.
- 10 Hanwha Group has four defense-related affiliates: Hanwha Corporation, Hanwha Aerospace, Hanwha Systems and Hanwha Defense. All four are run independently, but revenue is combined here. Hanwha Aerospace operates both commercial and military engine businesses.
- 11 KNDS includes defense revenue of Krauss-Maffei Wegmann (based in Germany) and Nexter (based in France).
- 12 On Jan. 31, 2020, AECOM (ranked 31 last year) completed the sale of its Management Services business to affiliates of Lindsay Goldberg and American Securities LLC, who created a new entity, Amentum.
- 13 Jacobs attributes the change in 2018 defense revenue on this year's Top 100 list from the previous list to a difference in how the company calculated defense revenue this year.
- 14 Omitted in last year's list from the total defense revenue of Turkish Aerospace Industries were a number of projects supporting defense efforts. That additional revenue is accounted for in the 2018 defense revenue as submitted this year by the company.
- 15 U.S. private equity firm Advent International acquired Cobham in January 2020. During 2019, Cobham was based in the U.K.
- 16 A miscalculation in last year's list overstated ST Engineering's 2018 total defense revenue. That has been corrected in this year's list.
- 17 The company's defense business is GKN Aerospace, which was acquired by Melrose in 2018.
- 18 Viasat uses the revenue of its Government Systems business as its total defense revenue.
- 19 From Jan. 1, 2020, Urs Kiener assumed the role of CEO. Urs Breitmeier left the Group Executive Board effective Dec. 31, 2019.
- 20 Reflects revenue of Kongsberg's Defence & Aerospace group, which owns 49.9 percent of Patria.
- 21 Kongsberg holds 49.9 percent of the shares in Patria. Patria's revenue includes 50 percent ownership of Nammo.
- 22 Patria owns 50 percent of Nammo. Associated revenue is also included in Patria defense revenue.
- 23 Yong-Bae Lee became CEO in March 2020.
- * Leadership changed since last year’s list if company appeared on list
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