Arms industry
Rank Company name Defense Revenue ( US $ billions ) % of Total Revenue from Defense
1 Lockheed Martin 47.2 88%
2 Boeing 29.1 29%
3 Northrop Grumman 26.1 87%
4 Raytheon 23.4 87%
5 General Dynamics 22.0 61%
6 BAE Systems 21.2 95%
7 Airbus 11.6 15%
8 Leonardo 9.8 68%
9 Almaz-Antey 9.6 98%
10 Thales Group 9.4 50%
List of major weapon manufacturers
Main articles : List of modern armament manufacturers and List of defense contractors This is a list of the world 's largest arms manufacturers and other military service companies who profit the most from the War economy , their origin is shown as well . The information is based on a list published by the Stockholm International Peace Research Institute for 2019 . [ 19 ] The list provided by the SIPRI excludes companies based in China . The numbers are in billions of US dollars .
The arms industry, also known as the defense industry or the arms trade, is a global industry which manufactures and sells weapons and military technology, and is a major component of the Military-industrial complex. It consists of a commercial industry involved in the research and development, engineering, production, and servicing of military material, equipment, and facilities. Arms-producing companies, also referred to as arms dealers, defense contractors, or as the military industry, produce arms for the armed forces of states and for civilians. Departments of government also operate in the arms industry, buying and selling weapons, munitions and other military items. An arsenal is a place where arms and ammunition - whether privately or publicly owned - are made, maintained and repaired, stored, or issued, in any combination. Products of the arms industry include guns, artillery, ammunition, missiles, military aircraft, military vehicles, ships, electronic systems, night-vision devices, holographic weapon sights, laser rangefinders, laser sights, hand grenades, landmines and more. The arms industry also provides other logistical and operational support. The Stockholm International Peace Research Institute (SIPRI) estimated military expenditures as of 2018[update] at $1822 billion. This represented a relative decline from 1990, when military expenditures made up 4% of world GDP. Part of the money goes to the procurement of military hardware and services from the military industry. The combined arms-sales of the top 100 largest arms-producing companies and military services companies (excluding China) totalled $420 billion in 2018, according to SIPRI. This was
4.6 per cent higher than sales in 2017 and marks the fourth consecutive year of growth in Top 100 arms sales.