Who Is the Largest Defense Contractor

Raytheon, on the other hand, is a large defense contractor and a U.S.-based company, with significant industrial concentrations in the fields of weapons and military and commercial electronics. Raytheon has also become the world`s largest manufacturer of guided missiles. In this article, we`ll look at the top ten defense companies in 2021. If you read to the end, you will see how fantastic these companies are! Northrop Grumman Corp. pioneered the Flying Wing concept, which is an aircraft without a tail or fixed fuselage. With Northrop Grumman`s expertise in aerospace defense, they served the U.S. Department of Defense and U.S. intelligence agencies. L3Harris specializes in surveillance, microwave weapons and electronic warfare, as well as computer services and communications equipment and systems. The company serves both defense and commercial customers. General Dynamics Corporation (NYSE: GD) is an American aerospace and defense company. General Dynamics (NYSE: GD), known in part for the unwavering U.S. M1 Abrams tank, raised $39.35 billion in 2019.

The M1 Abrams has been used in almost every major U.S. conflict since its inception in 1980 and still serves as the main battle tank for the U.S. Army and Marine Corps. In 2019, he was the fifth largest defense contractor in the United States and the sixth largest in the world by revenue. The company`s headquarters are located in Reston, Fairfax County, Virginia. It ranks 6th on our list of the world`s largest defense companies. Like L3Harris Technologies, Inc. (NYSE: LHX), Northrop Grumman Corporation (NYSE: NOC), Leidos Holdings, Inc. (NYSE: LDOS), Raytheon Technologies Corporation (NYSE: RTX) and Huntington Ingalls Industries (NYSE: HII) is General Dynamics Corporation (NYSE: GD) one of the world`s leading defense companies.

Security service providers generally do not provide direct support to military operations. Under the Geneva Conventions of 1949, military contractors involved in direct support of military operations may be legitimate targets for military interrogations In the United States, defense procurement has played an increasingly important role. In 2009, the Department of Defense spent nearly $316 billion on contracts. [1] Contractors assumed a much larger presence on the ground during U.S. conflicts: during the 1991 Gulf War, the ratio of uniformed military to contractors was about 50:1, while during the first four years of the Iraq war, the U.S. hired more than 190,000 contractors, exceeding the entire U.S. military presence even during the 2007 Iraqi boom, and was 23 times larger than the number of other allied military personnel. [1] In Afghanistan, the presence of nearly 100,000 entrepreneurs resulted in a ratio of nearly 1 to 1 with military personnel. [1] The increase in contractor spending on defense services, which began in 2001, stopped in 2009, leading to the 2010 Better Buying Power initiative.

[2] [3] Below is a list of the U.S. Department of Defense `s (DoD) Top 100 Prime Contractors for fiscal year 2020, ranked by the total contract funds awarded. In fiscal year 2020, the Department of Defense awarded a total of $421.5 billion in defense contracts, up from $382.6 billion in fiscal 2019. The Ministry of Defence`s share of total government contracts was 63.3% in FY20, up from 65.1% in FY19. In fiscal 2020, Lockheed Martin, the winner of the highest award, received $74.9 billion in master contracts, or 17.8 percent of the total contract funds awarded by the Department of Defense. Raytheon Technologies came in second with $26.5 billion (6.3%), followed by General Dynamics in third place with $21.9 billion (5.2%). Boeing received $21.7 billion (5.2 percent), followed by Northrop Grumman, Huntington Ingalls, Humana, BAE Systems, L3Harris and General Electric. BAE Systems, No. 8 on the list, was the Department of Defense`s largest foreign defense contractor in fiscal year 2019.

As the largest exporter of U.S. manufactured goods, the company serves airlines as well as customers in the U.S. and allied governments in more than 150 countries. Rafael Advanced Defense Systems Ltd., hebrew acronym for «authority for weapons development,» is an Israeli defense technology company. It was established as Israel`s National R&D Defense Laboratory for the development of weapons and military technologies within the Israeli Ministry of Defense. As a spin-off of the original SAIC, which is now Leidos, this company serves the defense, space, civilism and intelligence markets. Since the spin-off of Northrop Grumman in 2011, Huntington Ingalls Industries has built more than 70% of the U.S. Navy fleet and all aircraft carriers, making it the largest military shipbuilding company in the United States. .