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Top 100 for 2022

2022 Top 100 Click headers to sort 2022
This Last 2021 Defense 2020 Defense % Defense 2021 Total Revenue
year's Year's Company Leadership Country Revenue (in Revenue (in Revenue Revenue (in From
rank Rank millions) millions) Change millions) Defense
James D. Taiclet, Chairman, President
1 1 Lockheed Martin 1 2 U.S. $64,458.00 $62,562.00 3% $67,044.00 96%
and CEO

Raytheon
2 2 Gregory J. Hayes, Chairman and CEO U.S. $41,852.20 $42,000.00 0% $64,388.00 65%
Technologies 1

3 3 Boeing David Calhoun, President and CEO U.S. $35,093.00 $32,400.00 8% $62,286.00 56%

Kathy J. Warden, Chair, CEO and

4 4 Northrop Grumman U.S. $31,429.00 $31,400.00 0% $35,667.00 88%
President

5 5 General Dynamics Phebe Novakovic, Chairman and CEO U.S. $30,800.00 $29,800.00 3% $38,500.00 80%

Tan Ruisong, Chairman of the Board,

Aviation Industry
6 6 and Hao Zhaoping, Director and China $30,155.22 $25,468.59 18% $80,424.24 37%
Corporation of China
General Manager *

7 7 BAE Systems 1 Charles Woodburn, Group CEO U.K. $25,775.20 $23,502.38 10% $26,849.16 96%

China State Lei Fanpei, Chairman, and Yang

8 10 Shipbuilding Jincheng, Director and General China $18,517.72 $16,017.53 16% $92,573.10 20%
Corporation Limited 3 Manager

China North
Liu Shiquan, Chairman, and Liu
9 8 Industries Group China $17,711.93 $15,249.27 16% $81,648.42 22%
Dashan, President *
Corporation Limited

L3Harris Christopher E. Kubasik, Vice Chair

10 9 U.S. $14,924.00 $14,936.00 0% $17,814.00 84%
Technologies 4 and CEO *

China Electronics Xiong Qunli, Chairman, and Wu

11 15 China $14,659.22 $10,465.75 40% $57,629.62 25%
Technology Group 5 Manqing, President

12 13 Leonardo Alessandro Profumo, CEO Italy $13,878.35 $11,173.33 24% $16,720.97 83%

Xu Xianping, Chairman of the Group

China South
and Secretary of the Party
13 14 Industries Group China $13,744.95 $10,697.68 28% $44,349.55 31%
Committee, and Chen Guoying,
Corporation
Director and General Manager *

China Aerospace
Yuan Jie, Chairman, and Wei Yiyin,
14 11 Science and Industry China $13,125.11 $12,060.26 9% $41,033.41 32%
Deputy General Manager *
Corporation

15 12 Airbus 6 Guillaume Faury, CEO Netherlands/France $10,853.55 $12,004.28 -10% $61,689.56 18%

16 16 Thales Patrice Caine, Chairman and CEO France $10,212.39 $9,228.36 11% $19,154.29 53%

Christopher Kastner, President and

17 17 HII 7 CEO *
U.S. $9,475.00 $8,654.37 9% $9,524.00 99%

China Aerospace
Wu Yansheng, Chairman, and Zhang
Science and
18 18 Zhongyang, Director and General China $9,344.09 $8,305.92 12% $43,636.74 21%
Technology
Manager *
Corporation

19 19 Leidos Roger Krone, Chairman and CEO U.S. $8,032.00 $7,341.00 9% $13,737.00 58%

20 34 Dassault Aviation 8 Eric Trappier, Chairman and CEO France $6,151.33 $3,724.44 65% $8,517.23 72%

21 23 Amentum 9 John Heller, CEO * U.S. $5,900.00 $5,000.00 18% $9,200.00 64%

Horacio D. Rozanski, President and

22 22 Booz Allen Hamilton U.S. $5,528.51 $5,470.21 1% $8,363.70 66%
CEO

23 21 Honeywell 10 Darius Adamczyk, Chairman and CEO U.S. $5,151.00 $5,826.00 -12% $34,392.00 15%

Katsuya Nakanishi, President and

24 32 Mitsubishi Group 11 Japan $5,004.36 $3,788.12 32% $8,350.31 60%
CEO *

Stu Shea, Chairman, President and

25 96 Peraton 12 CEO
U.S. $5,000.00 $651.20 668% $7,200.00 69%

26 26 Safran 1 Olivier Andries, CEO France $4,981.39 $4,707.20 6% $18,048.24 28%

27 25 Rolls-Royce Warren East, Chief Executive U.K. $4,972.07 $4,863.94 2% $15,056.49 33%

Pierre Eric Pommellet, Chairman and

28 33 Naval Group France $4,850.09 $3,766.68 29% $4,850.09 100%
CEO

29 29 Rheinmetall AG 13 Armin Papperger, CEO Germany $4,788.57 $4,249.50 13% $6,693.12 72%

30 28 Hanwha Seung Youn Kim, Chairman South Korea $4,786.92 $4,293.68 11% $7,167.68 67%

31 30 Elbit Systems Bezhalel Machlis, President and CEO Israel $4,770.76 $4,222.70 13% $5,278.52 90%

32 45 KBR Stuart Bradie, President and CEO U.S. $4,723.78 $2,739.74 72% $7,338.68 64%

33 31 CACI International John Mengucci, President and CEO U.S. $4,185.29 $3,999.26 5% $6,044.14 69%

H. Lawrence Culp Jr., Chairman and

34 27 General Electric 14 CEO
U.S. $4,136.00 $4,572.00 -10% $74,196.00 6%

Micael Johansson, President and

35 36 Saab AB Sweden $4,107.09 $3,385.41 21% $4,563.52 90%
CEO

Tactical Missiles
36 42 Boris Obnosov, Director General Russia $3,960.79 $2,919.63 36% $4,040.85 98%
Corporation JSC

Israel Aerospace
37 37 Boaz Levy, President and CEO Israel $3,867.00 $3,325.00 16% $4,477.00 86%
Industries

38 38 SAIC 15 Nazzic Keene, CEO U.S. $3,578.00 $3,292.00 9% $7,394.00 48%

Scott C. Donnelly, Chairman,

39 35 Textron Inc. 1 16 President and CEO
U.S. $3,219.32 $3,449.00 -7% $12,382.00 26%

40 43 KNDS 17 Frank Haun, CEO Netherlands $3,173.85 $2,898.06 10% $3,173.85 100%

Rafael Advanced
41 44 Yoav Har-Even, President and CEO Israel $3,059.26 $2,787.58 0% $3,059.26 100%
Defense Systems 18

Hindustan Rajagopalan Madhavan, Chairman

42 41 India $3,040.56 $3,000.00 1% $3,268.65 93%
Aeronautics Limited and Managing Director

Babcock
43 NEW David Lockwood, CEO U.K. $3,002.06 $2,935.52 2% $5,360.82 56%
International 1

44 40 Bechtel Brendan Bechtel, Chairman and CEO U.S. $3,000.00 $3,100.00 -3% $17,500.00 17%

Steve Demetriou, Chair of the Board

45 46 Jacobs U.S. $2,749.00 $2,498.00 10% $14,093.00 20%
and CEO

46 47 Oshkosh Corporation John Pfeifer, President and CEO U.S. $2,525.60 $2,262.20 12% $7,737.30 33%

Kevin Stein, President, CEO and

47 50 TransDigm U.S. $2,389.00 $2,180.00 10% $4,798.00 50%
Director

48 49 Fincantieri S.p.A. Pierroberto Folgiero, CEO * Italy $2,338.69 $2,211.96 6% $8,175.35 29%

Haluk Gorgun, Chairman, President

49 48 Aselsan A.S. Turkey $2,250.39 $2,218.33 1% $2,333.68 96%
and CEO

Vincent Chong, Group President and

50 55 ST Engineering Singapore $2,157.72 $1,885.29 14% $5,723.92 38%
CEO

Kevin M. Phillips, Chairman of the

51 52 ManTech U.S. $1,991.00 $1,964.00 1% $2,554.00 78%
Board, CEO and President

52 54 Parsons Corporation Carey Smith, President and CEO U.S. $1,888.05 $1,911.91 -1% $3,660.77 52%

53 56 Serco Rupert Soames, Group CEO U.K. $1,870.54 $1,736.39 8% $6,085.59 31%

Eren Ozmen, Chairwoman, President

Sierra Nevada
54 53 and Owner, and Fatih Ozmen, CEO U.S. $1,856.00 $1,918.00 -3% $2,106.00 88%
Corporation
and Owner

Kawasaki Heavy Yasuhiko Hashimoto, President and

55 51 Japan $1,848.76 $2,026.50 -9% $13,368.34 14%
Industries 11 CEO

Bharat Electronics Anandi Ramalingam, Chairman and

56 61 India $1,811.78 $1,440.00 26% $2,018.41 90%
Limited Managing Director *

57 63 Vectrus 19 Charles Prow, President and CEO U.S. $1,768.54 $1,383.90 28% $1,783.67 99%

58 64 Hensoldt AG Thomas Mueller, CEO Germany $1,743.67 $1,377.58 27% $1,743.67 100%

Korea Aerospace
59 57 Ahn Hyun-ho, President and CEO South Korea $1,709.05 $1,716.71 0% $2,224.68 77%
Industries

60 58 BWX Technologies 20 Rex Geveden, President and CEO U.S. $1,605.22 $1,634.58 -2% $2,124.07 76%

61 59 Ball Corporation Dan W. Fisher, President and CEO * U.S. $1,599.00 $1,495.00 7% $13,800.00 12%

62 65 LIG Nex1 Kim Ji-Chan, President and CEO South Korea $1,590.78 $1,357.05 17% $1,590.78 100%

63 62 Melrose Industries 21 Simon Peckham, Chief Executive U.K. $1,544.57 $1,416.83 9% $10,315.49 15%

64 66 QinetiQ Plc Steve Wadey, CEO U.K. $1,502.87 $1,270.16 18% $1,803.45 83%

Aerojet Rocketdyne
65 60 Eileen Drake, CEO and President U.S. $1,485.00 $1,472.00 1% $2,092.00 71%
Holdings Inc.

Curtiss-Wright
66 67 Lynn M. Bamford, Chair and CEO U.S. $1,383.64 $1,263.29 10% $2,505.93 55%
Corporation

Turkish Aerospace
67 68 Temel Kotil, President and CEO Turkey $1,302.95 $1,256.42 4% $1,565.61 83%
Industries

68 70 Moog Inc. John R. Scannell, Chairman and CEO U.S. $1,299.48 $1,238.36 5% $2,851.99 46%

69 72 Kongsberg Gruppen Geir Haoy, President and CEO Norway $1,288.21 $1,064.72 21% $3,191.91 40%

Polish Armaments Sebastian Chwalek, President of the

70 NEW Poland $1,283.66 $1,160.86 11% $1,755.11 73%
Group Management Board

71 81 CAE Marc Parent, President and CEO Canada $1,277.92 $921.35 39% $2,689.13 48%

Ricardo Domínguez García-Baquero,

72 76 Navantia Spain $1,163.32 $999.24 16% $1,545.43 75%
Chairman

73 71 Viasat Richard Baldridge, President and CEO U.S. $1,086.72 $1,066.30 2% $2,787.64 39%

Aerospace Steven J. Isakowitz, President and

74 75 U.S. $1,084.50 $1,032.00 5% $1,162.80 93%
Corporation CEO

75 69 Austal Paddy Gregg, CEO Australia $1,083.60 $1,239.39 -13% $1,174.07 92%

76 79 Mitre Jason Providakes, President and CEO U.S. $1,010.00 $984.00 3% $2,100.00 48%

77 77 Howmet Aerospace 1 John C. Plant, CEO U.S. $944.68 $999.21 -5% $4,972.00 19%

Maxar Technologies
78 73 22 Daniel Jablonsky, President and CEO U.S. $936.00 $1,062.00 -12% $1,770.00 53%

79 83 Ultra Electronics Simon Pryce, CEO U.K. $920.69 $832.90 11% $1,170.05 79%

80 NEW Eaton Craig Arnold, Chairman and CEO Ireland $920.00 N/A N/A $19,628.00 5%

81 87 Mercury Systems Mark Aslett, President and CEO U.S. $904.69 $776.17 17% $924.00 98%

82 78 Meggitt 1 Tony Wood, CEO U.K. $878.05 $985.62 -11% $2,090.61 42%

Teledyne Robert Mehrabian, Chairman,

83 NEW U.S. $876.60 $578.40 52% $4,614.30 19%
Technologies 23 President and CEO

84 84 AAR Corp. John M. Holmes, President and CEO U.S. $845.90 $812.77 4% $1,652.00 51%

Laurans A. Mendelson, Chairman and

85 86 HEICO 10 CEO
U.S. $823.81 $786.28 5% $1,865.68 44%

86 NEW Roketsan Murat Ikinci, CEO Turkey $814.16 $572.29 42% $814.16 100%

Cobham Advanced
87 NEW Electronic Solutions Mike Kahn, President and CEO U.S. $806.59 $762.06 6% $1,013.92 80%
24

88 90 Day & Zimmermann Hal Yoh III, Chair and CEO U.S. $759.54 $741.94 2% $2,700.00 28%

89 97 Ukroboronprom Yuriy Husyev, Director General Ukraine $754.57 $650.61 16% $1,451.65 52%

90 100 Indra 25 Ignacio Mataix, CEO * Spain $752.35 $594.33 27% $4,010.19 19%

91 NEW TTM Technologies 1 Thomas T. Edman, President and CEO U.S. $742.08 $757.92 -2% $2,248.74 33%
26

Charles Blankenship, Chairman, CEO

92 89 Woodward Inc. U.S. $711.03 $764.00 -7% $2,245.83 32%
and President *

93 82 Fluor Corporation David Constable, Chairman and CEO U.S. $706.30 $864.20 -18% $12,400.00 6%

94 91 Lumen Technologies Jeff Storey, President and CEO U.S. $687.21 $728.29 -6% $19,687.00 3%

95 92 Battelle Lewis Von Thaer, President and CEO U.S. $663.00 $705.00 -6% $10,000.00 7%

96 NEW Diehl Group Klaus Richter, CEO Germany $651.75 $577.60 13% $3,400.01 19%

Morten Brandtzaeg, President and

97 NEW Nammo 1 26 Norway $641.04 $511.07 25% $811.44 79%
CEO

Saudi Arabian
98 NEW Walid Abukhaled, CEO Saudi Arabia $604.95 $20.18 2898% $806.17 75%
Military Industries 27

99 NEW Patria Esa Rautalinko, President and CEO Finland $602.59 $565.69 7% $647.90 93%

Francisco Gomes Neto, President and

100 95 Embraer Brazil $594.40 $653.87 -9% $4,197.20 14%
CEO
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, the International Institute for Strategic Studies and SPADE Indexes.
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 2020 defense revenue during the subsequent year is not reflected unless otherwise noted.
Footnotes
1. Total defense revenue is based on a percentage of total revenue.
2. Defense revenue includes sales to the U.S. departments of Defense and Homeland Security, the U.S. intelligence community, and
defense sales to international customers.
3. China’s two largest shipbuilding conglomerates, China Shipbuilding Industry Corporation and China State Shipbuilding Corporation,
merged in November 2019 to create China State Shipbuilding Corporation Limited. The resulting company’s total revenue in last year’s
list solely reflected its shipbuilding business, and its defense revenue reflected defense-related activity from the overall shipbuilding
business. Those figures are updated for this year’s list to reflect wider company revenue data.
4. The fiscal 2020 defense revenue is not adjusted for divestitures.
5. China Electronics Technology Group acquired China Putian Information Industry Group, otherwise known as Potevio, in June 2021.
6. Airbus lists its “headquarters” in the Netherlands and its “main office” in France.
7. Huntington Ingalls Industries changed its name to HII in 2022. Fiscal 2021 revenue figures include that of Alion Science and
Technology, which the company acquired from Veritas Capital on Aug. 19, 2021, and which ranked 74 in last year’s Top 100 list.
8. The company primarily attributes the growth in defense revenue to Rafale aircraft deliveries, which increased from 13 in fiscal 2020 to
25 in fiscal 2021.
9. Revenue figures take into account the acquisition of PAE, which Amentum completed Feb. 15, 2022. PAE ranked 80 in last year’s Top
100 list.
10. Defense revenue comes from the company’s defense and space segment.
11. Defense revenue reflects awards made by Japan’s Ministry of Defense for the fiscal year ending March 31, 2022.
12. In 2021, Peraton acquired Perspecta as well as Northrop Grumman’s integrated mission support and IT solutions business. Fiscal 2021
revenue reflects that of the consolidated company.
13. In fiscal 2021, four companies were added to the group of consolidated subsidiaries through being founded and one through being
acquired. Two companies accounted for using the equity method left the consolidated group due to liquidation.
14. Fiscal 2020 defense revenue for General Electric was miscalculated in last year’s list; it was $4,572 million. The company would have
remained ranked at 27.
15. SAIC completed its acquisition of Halfaker and Associates on July 2, 2021.
16. Defense revenue figures include all revenue from the U.S. government.
17. KNDS is a joint venture of Krauss-Maffei Wegmann and Nexter.
 18. For the first time, Rafael Advanced Defense Systems incorporated the financial reports of its subsidiaries Aeronautics Group and
HOME AIR & SPACE LAND NAVAL POLICY CONGRESS REGIONS TV
Controp into its revenue calculations.
19. Vectrus attributes its increase in defense revenue to the acquisition of both Zenetex and HHB Systems as well as organic growth.
20. Defense revenue primarily includes work manufacturing naval nuclear reactors for submarines and aircraft carriers as well as work for
the U.S. Energy Department and the National Nuclear Security Administration in the support of national defense and cleaning up legacy
waste.
21. Melrose is the holding company of GKN Aerospace, which completed its first year of operating a defense business unit.
22. Defense revenue figures include all revenue from the U.S. government and agencies but not revenue from international defense and
intelligence customers.
23. Defense revenue solely represents sales to the U.S. Defense Department. All U.S. government-related revenue was $1,193,100,000 in
fiscal 2021 and $818,200,000 in fiscal 2020. Teledyne acquired FLIR Systems in May 2021.
24. U.K. company Cobham was acquired by the U.S. private equity firm Advent International and was renamed. In September 2021, CAES
acquired Colorado Engineering.
25. Defense revenue comes from the company’s defense and security activities.
26. Defense revenue comes from the company’s aerospace and defense business.
27. SAMI announced Dec. 28, 2020, its acquisition of the Advanced Electronics Company, to which it attributes the majority of its defense
revenue growth from fiscal 2020 to fiscal 2021. Other notable sources of growth are its weapons and missiles business (now known as
defense systems); its emerging technologies division; and its joint ventures involving Saudi Aircraft Accessories and Components
Company, Navantia, and Thales.
* Leadership changed since last year’s list if company appeared on list
N/A Not available
NEW Did not appear on last year’s list

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