America’s top 5 weapons contractors made $196B in 2022
American weapons makers continue to dominate the global arms industry, with four U.S.-based companies in the world’s top five military contractors, according to a new Defense News ranking of the top 100 defense firms.
In 2022, America’s top five weapons contractors made $196 billion in military-related revenue, according to Defense News. Lockheed Martin dominated all other defense-focused companies, with total military revenue of roughly $63 billion last year. RTX, formerly known as Raytheon Technologies, was a distant second, earning roughly $40 billion in revenue in 2022.
The same five American “prime” contractors have long dominated lists of the world’s biggest arms manufacturers. Lockheed Martin, Northrop Grumman, RTX, Boeing and General Dynamics have remained in the top seven of the Defense News ranking since it began in 2000.
