Economy & Politics

Sipri Report These are the largest arms companies in the world

Lockheed Martin leads the ranking again in 2019. In 2019, the company sold defense equipment worth $ 53.2 billion – an 11 percent increase over the previous year. The group focuses on the development of aerospace technology, but missiles are also part of the portfolio. The most important customer is the US government. The picture shows the Lockheed Martin F-35 Lightning II. imago images / MediaPunch

The major armaments companies turned over almost 360 billion US dollars in arms and armaments last year. That emerges from the current report of the peace research institute Sipri. This means that sales in the arms industry last year were almost ten percent higher than in 2018.

For this year’s study, Sipri limited itself to 25 armaments companies instead of the 100 corporations examined in previous years. Many of the companies are not pure arms companies, but sales in the military equipment business are decisive for the ranking.

The USA continues to be the largest arms and armaments market. Around 61 percent of all revenues in the arms business come from American companies. The five largest US corporations in the industry alone had combined sales of 166 billion US dollars in 2019. Chinese manufacturers of military equipment are gaining in importance: three companies from the People’s Republic made it into the top ten.

These are the largest defense companies in 2019

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