But as the U. The F ended up being built by Lockheed Martin. Vought was spun off from the LTV Corp. The merger mania that surged as the Cold War wound down—when 51 aerospace and defense companies shrank to five —is making a comeback. Less competition can drive up costs while dampening innovation. Backers counter that efficiencies, job cuts, primarily, lead to lower costs that can save the Pentagon money—rarely—or let it buy more for the same price—also rare.
And the middlemen—the lawyers and financiers who nurture these deals—do just fine, thanks. The issue has been debated for decades. Pentagon officials captured by the contractors they oversee is skewing our spending priorities and foreign policy. The latest chapter in Pentagon-contractor consolidation is the June 9 announcement that Raytheon and the defense division of United Technologies Corp. The companies have set up a website to herald their union.
You can skip our detailed analysis of these companies, and go directly to the 5 Largest Defense Contractors in the World. The global military economy has been transformed over the last decade by trends in military expenditure and technology that have reinforced the dominance of the United States.
In contrast to most other countries, US spending on defense is projected to grow rapidly. The commercial aerospace sector has been significantly affected by the COVID pandemic, which has led to a dramatic reduction in passenger traffic, in turn affecting aircraft demand.
However, the defense industry has not been affected as strongly. The defense sector is expected to remain stable in , as most countries have not significantly reduced defense budgets and remain committed to sustaining their military capabilities. However, given the disruption in the complex global supply chain, some defense programs could face minor cost increases and schedule delays in India is also bolstering its military, and Japan is increasing its air-sea military capabilities.
However, some countries are diverting spending to other social programs to revive the economy and reduce the repercussions of the pandemic. The United States is the most prominent player in the defense industry, as the top 20 defense contractors in include seven American firms.
China is unquestionably a defense giant in the Asia-Pacific region, dwarfing its nine neighbors in production in the defense sector. In Europe, France is the dominant producer alongside Britain in the defense industry, while Turkey, Israel, Russia, and Japan show significant growth and may become major players in the future. Rafael Advanced Defense Systems Ltd.
In the United States, defense spending is likely to remain flat in However, fiscal pressures from reduced tax receipts due to the current recession and a potential need to reverse current levels of deficit spending could affect defense budgets from fiscal year onward.
The government is expected to continue providing favorable payment terms to support the liquidity and cash requirements of the extended supply chain. Growth in FMS is likely to continue in , boosting export opportunities for US defense contractors. This article identifies and discusses the 20 largest defense contractors in the world. We solely based this ranking on the contractors' recently recorded revenue.
Photo by Cibi Chakravarthi on Unsplash. The company operates in the defense industry, the aerospace industry, and the space industry, and has its headquarters in Korolyov, Moscow Oblast, Russia. Rafael develops and produces weapons, military, and defense technologies for the Israel Defense Forces and for export abroad. All current projects are classified. The company makes air defense systems, air-to-air missiles, air-to-surface missiles, precision-guided missiles, and remote-controlled weapon stations.
Almaz-Antey is a Russian state-owned company in the arms industry with Nizhny Novgorod Machine-building Plant as its parent company. Almaz-Antey originated from the merger of Antey Corporation and NPO Almaz, hence unifying some of the national military enterprises, especially the developers of anti-aircraft defense systems. The company ranks 18th in the list of the largest defense contractors in the world. Dassault Aviation SA is an international French aircraft manufacturer of military and business jets and is a subsidiary of the Dassault Group.
In the company was renamed Dassault Aviation. The company operates in the defense industry, the aerospace industry, and the space industry and is headquartered in Paris, France.
It ranks 16th in our list of the largest defense contractors in the world. Headquartered in Rome, the company has sites worldwide. The company is partially owned by the Italian government, which holds L3Harris Technologies, Inc. NYSE: LHX is an American technology company, defense contractor and information technology services provider that produces C6ISR systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors.
Leidos Holdings, Inc. The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of a defense sector. As one of the largest defense contractors in Europe, Thales S. Our experienced analysts compile, evaluate, and present accurate data for decision makers. FI's market research reports offer concise analysis of individual programs and identify market opportunities. Each report includes a program overview, detailed statistics, recent developments and a competitive analysis, culminating in production forecasts spanning 10 or 15 years.
Let our market intelligence reports be a key part of reducing uncertainties and mastering your specific market and its growth potential. Find out more at www. Skip to content The following is a list of the Top U. Related Posts.
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