Published by Dec 4, 2023
In 2022, Lockheed Martin was the world's largest arms-producing and military services company, with arms sales amounting to nearly 60 billion U.S. dollars. Arms sales constituted almost 90 percent of total company sales in that year. Raytheon and Boeing followed on the places behind. Except for three European companies and one Russian, all the largest arms dealers in the world were either based in the Untied States or China.
Largest arms-producing and military services companies worldwide in 2022, by arms sales (in million U.S. dollars)
| Characteristic | Arms sales | Total sales |
|---|---|---|
| Lockheed Martin Corp. (US) | 59,390 | 65,984 |
| Raytheon (US)* | 39,570 | 67,074 |
| Northrop Grumman Corp. (US) | 32,300 | 36,602 |
| Boeing (US) | 29,300 | 66,608 |
| General Dynamics Corp. (US) | 28,320 | 39,407 |
| BAE Systems (UK) | 26,900 | 27,712 |
| China North Industries Group Corp. (NORINCO) | 22,060 | 82,537 |
| Aviation Industry Corp. of China (AVIC)** | 20,620 | 82,499 |
| China Aerospace and Technology Corporation (CASC) | 19,560 | 44,458 |
| Rostec (Russia)*** | 16,810 | 30,295 |
| CETC (China)* | 15,080 | 55,837 |
| L3Harris Technologies (US) | 12,630 | 17,062 |
| Leonardo (Italy) | 12,470 | 15,025 |
| Airbus (Trans-European)**** | 12,090 | 61,805 |
| CASIC (China)** | 11,770 | 37,364 |
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