According to SIPRI, the top ten companies (in terms of revenue from arms sales and military services) in 2024 are as follows:
1. Lockheed Martin (USA) – $64.65 billion (+3.2% compared to 2023)
2. RTX Corporation (USA) – $43.6 billion (+4.1%)
3. Northrop Grumman (USA) – $37.85 billion (+3.3%)
4. BAE Systems (UK) – $33.79 billion (+6.9%)
5. General Dynamics (USA) – $33.63 billion (+8.1%)
6. Boeing (USA) – $30.55 billion (-4.6%)
7. Rostec (Russia) – $27.12 billion (+26%)
8. AVIC (China) – $20.32 billion (–1.3%)
9. CETC (China) – $18.92 billion (–10%)
10. L3Harris Technologies (USA) – $16.21 billion (+6.6%)
Together, these ten corporations account for the lion’s share of global defense industry revenue and set the technological and manufacturing bar for other players.
SIPRI (Stockholm International Peace Research Institute) is an independent international research institute working in the field of conflict, armaments, arms control, and disarmament. The institute was established in 1966 by a decision of the Swedish Parliament and operates as an independent foundation with headquarters in Stockholm (Solna).
SIPRI publishes data, analysis, and recommendations based on open sources, which are widely used by governments, international organizations, researchers, and the media. The organizational structure includes
SIPRI’s funding includes an annual grant from the Swedish government and funds from other organizations; the institute emphasizes that it does not accept funding that could influence the independence of its research and discloses its sources of support.
Among SIPRI’s most cited products are the SIPRI Yearbook and open databases, including those on international transfers of major conventional weapons (since 1950) and on military expenditures of countries worldwide (time series since 1949, updated annually).
Source: https://expertsclub.eu/top-10-svitovyh-vyrobnykiv-ozbroyen-u-2024-roczi-za-versiyeyu-sipri/
