Lockheed Martin is the largest arms-producing and military services company in the world, with nearly $3 billion more in arms sales than second place BAE Systems. federal contractors by amount procured, according to the government’s Federal Procurement Data System.Ģ4/7 Wall St.: The 10 most expensive weapons in the world federal government has contract deals with all seven American companies. Seven of SIPRI’s top 10 are American, one is British, one is Italian and one is a multinational EU conglomerate. The American companies account for more than 60 percent of arms sales revenue of the 100 manufacturers. Of the 100 companies on the list, 44 are based in the U.S., including Boeing, Northrop Grumman and Lockheed Martin. All of the companies in the top 10 have significant electronics divisions. Surveillance and battlefield communications also are increasingly important in modern warfare. As a consequence, seven of the 10 largest companies are among the leading aerospace companies. More and more, battles are fought remotely through air surveillance and strikes rather than on-the-ground combat. The composition of the 10 largest manufacturers reflects the state of modern warfare. Instead, Jackson notes that loss in sales was due to “the withdrawal of foreign troops from Iraq and the subsequent expected decrease in related equipment sales.” According to SIPRI arms industry expert Susan Jackson, when sales dropped, it was not because of the financial crisis. ![]() While many industries continued to suffer in 2010 as a result of the financial crisis, leaders in the arms and military services were largely unaffected.
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