2021/7/14 Top 100 | Defense News, News about defense programs, business, and technology HOME AIR & SPACE LAND NAVAL POLICY CONGRESS REGIONS TV Top 100 for 2021 2021 Top 100 Click headers to sort 2021 This Last year's Year's Company rank Rank 1 1 Lockheed Martin 1 2 Leadership Country James D. Taiclet, Chairman, President and CEO U.S. Raytheon 2 NEW Technologies 3 Greg Hayes, CEO and Executive Chairman U.S. 3 2 Boeing 4 David Calhoun, President and CEO U.S. 4 4 Northrop Grumman Kathy J. Warden, Chairman, CEO and President U.S. 5 3 General Dynamics 5 Phebe Novakovic, Chairman and CEO U.S. 6 6 Aviation Industry Corporation of China Tan Ruisong, Chairman of the Board, and Luo Ronghuai, President China 7 7 BAE Systems 1 Charles Woodburn, Group CEO U.K. 8 8 China North Industries Group Corporation Limited Jiao Kaihe, Chairman, and Liu Dashan, President China 9 9 L3Harris Technologies 6 Bill Brown, Chair and CEO U.S. 2020 Defense 2019 Defense % Defense 2020 Total Revenue (in Revenue (in Revenue Revenue (in millions) millions) Change millions) Revenue From Defense $62,562.00 $56,606.00 11% $65,398.00 96% $42,000.00 $32,400.00 $31,400.00 $29,800.00 $25,468.59 $23,502.38 N/A $34,300.00 $28,600.00 $29,512.00 $25,075.38 $21,033.27 N/A -6% 10% 1% 2% 12% $65,000.00 65% $58,158.00 56% $36,799.00 $37,900.00 85% 79% $67,911.42 $24,739.35 38% 95% $15,249.27 $14,771.60 3% $70,303.18 22% $14,936.00 $14,602.00 2% $18,194.00 82% China State Lei Fanpei, Chairman, and Yang 10 NEW Shipbuilding Jincheng, Director and General Corporation Limited 7 Manager China $13,379.35 $10,481.85 28% 11 11 China Aerospace Science and Industry Corporation Yuan Jie, Chairman, and Liu ShiQuan, President China $12,060.26 $12,035.25 0% 12 12 Airbus 8 Guillaume Faury, CEO Netherlands/France $12,004.28 $11,266.57 7% 13 13 Leonardo Alessandro Profumo, CEO Italy $11,173.33 $11,109.27 1% China South 14 18 Industries Group Corporation Xu Xianping, Chairman of the Group and Secretary of the Party Committee, and Gong Yangde, Group Company China Director and General Manager $10,697.68 $8,845.87 21% 15 15 China Electronics Technology Group Xiong Qunli, Chairman, and Wu Manqing, President * China $10,465.75 $10,148.87 3% 16 16 Thales Patrice Caine, Chairman and CEO France $9,228.36 $9,251.68 0% 17 19 Huntington Ingalls Industries Mike Petters, President and CEO U.S. $8,654.37 $8,119.00 7% 18 20 China Aerospace Science and Technology Corporation Wu Yansheng, Chairman of the Board, and Xu Qiang, President China $8,305.92 $7,745.57 7% 19 23 Leidos 9 Roger Krone, Chairman and CEO U.S. $7,341.00 $6,300.00 17% 20 17 Almaz-Antey Yan Novikov, CEO Russia $6,066.31 $9,191.60 -34% 21 25 Honeywell Darius Adamczyk, Chairman and CEO U.S. $5,826.00 $5,326.00 9% 22 26 Booz Allen Hamilton Horacio D. Rozanski, President and CEO U.S. $5,470.21 $5,182.96 6% 23 46 Amentum 10 11 John Vollmer, CEO U.S. $5,000.00 $2,700.00 85% 24 NEW Edge Group 11 Faisal Al Bannai, CEO and Managing United Arab Director Emirates $5,000.00 N/A N/A 25 27 Rolls-Royce Warren East, CEO U.K. $4,863.94 $4,712.36 3% 26 28 Safran Olivier Andries, CEO * France $4,707.20 $4,413.05 7% 27 29 General Electric 1 H. Lawrence Culp, Chairman of the Board and CEO * U.S. $4,386.00 $4,400.00 0% 28 32 Hanwha 12 Seung Youn Kim, Chairman South Korea $4,293.68 $3,976.23 8% 29 33 Rheinmetall Armin Papperger, CEO Germany $4,249.50 $3,942.46 8% 30 31 Elbit Systems Bezhalel Machlis, President and CEO Israel $4,222.70 $4,056.00 4% 31 34 CACI International John Mengucci, President and CEO U.S. $3,999.26 $3,489.85 15% Mitsubishi Heavy 32 21 Industries 13 Seiji Izumisawa, President and CEO Japan $3,788.12 $6,570.00 -42% 33 30 Naval Group Pierre Eric Pommellet, CEO France $3,766.68 $4,155.14 -9% 34 22 Dassault Eric Trappier, Chairman and CEO France $3,724.44 $5,708.84 -35% $66,911.23 20% $37,702.80 32% $56,970.41 $15,306.40 21% 73% $34,499.29 31% $33,977.45 $19,391.53 $9,361.00 31% 48% 92% $38,804.45 21% $12,300.00 $6,600.93 $32,637.00 $7,858.94 60% 92% 18% 70% $6,600.00 76% $5,000.00 $15,092.33 $18,831.10 $79,619.00 100% 32% 25% 6% $6,907.81 $6,705.82 $4,662.60 $5,720.04 62% 63% 91% 70% $31,465.15 12% $3,766.68 $6,265.24 100% 59% people.defensenews.com/top-100/ 1/5 2021/7/14 Top 100 | Defense News, News about defense programs, business, and technology This Last year's Year's Company rank Rank 35 38 Textron HOME LeadAeIrRsh&ipSPACE LAND Scott C. Donnelly, Chairman, President and CEO 2020 Defense 2019 Defense % Defense 2020 Total NACVoAuLntry POLICY RevCeOnuNeG(RinESS ReveRnEuGeI(OinNS RevTenVue Revenue (in millions) millions) Change millions) U.S. $3,449.00 $3,271.20 5% $11,651.00 36 40 Saab Micael Johansson, President and CEO Sweden $3,385.41 $3,185.19 6% $3,848.42 37 41 Israel Aerospace Industries Boaz Levy, President and CEO* Israel $3,325.00 $3,006.00 11% $4,184.00 38 36 SAIC Nazzic Keene, CEO U.S. $3,292.00 $3,317.08 -1% $7,056.00 39 37 Perspecta Mac Curtis, President and CEO U.S. $3,101.00 $3,300.00 -6% $4,504.00 40 47 Bechtel Brendan Bechtel, Chairman and CEO U.S. $3,100.00 $2,303.00 35% $17,600.00 41 45 Hindustan Aeronautics Rajagopalan Madhavan, Chairman Limited and Managing Director India $3,000.00 $2,710.00 11% $3,240.00 42 35 Tactical Missiles Corporation Boris Obnosov, Director General Russia $2,919.63 $3,474.90 -16% $2,979.21 43 43 KNDS 14 Frank Haun, CEO * Netherlands $2,898.06 $2,798.45 4% $2,898.06 44 44 Rafael Advanced Defense Systems Yoav Har-Even, President and CEO Israel $2,787.58 $2,746.65 1% $2,787.58 45 42 KBR Stuart Bradie, President and CEO U.S. $2,739.74 $2,852.62 -4% $5,766.77 46 49 Jacobs Steve Demetriou, Chair of the Board and CEO U.S. $2,498.00 $2,115.00 18% $13,567.00 47 50 Oshkosh Corporation John Pfeifer, President and CEO * U.S. $2,262.20 $2,032.00 11% $6,856.80 48 48 Aselsan 15 Haluk Gorgun, Chairman, President and CEO Turkey $2,218.33 $2,172.57 2% $2,311.71 49 58 Fincantieri Giuseppe Bono, CEO Italy $2,211.96 $1,682.74 31% $6,710.91 50 52 TransDigm Kevin Stein, President, CEO and Director U.S. $2,180.00 $1,932.59 13% $5,103.00 Kawasaki Heavy 51 NEW Industries 13 Yasuhiko Hashimoto, Representative Director, President and CEO Japan $2,026.50 N/A N/A $14,034.82 52 NEW ManTech Kevin M. Phillips, Chairman of the Board, CEO and President U.S. $1,964.00 N/A N/A $2,518.38 53 59 Sierra Nevada Corporation Eren Ozmen, Chairwoman, President and Owner, and Fatih Ozmen, CEO U.S. and Owner $1,918.00 $1,591.00 21% $2,383.00 Parsons Corporation 54 NEW 16 Carey Smith, CEO U.S. $1,911.91 $1,887.91 1% $3,900.00 Revenue From Defense 30% 88% 79% 47% 69% 18% 93% 98% 100% 100% 48% 18% 33% 96% 33% 43% 14% 78% 80% 49% 55 57 ST Engineering Vincent Chong, Group President and CEO Singapore 56 60 Serco 17 Rupert Soames, Group CEO U.K. 57 55 Korea Aerospace Industries Ahn Hyun-ho, President and CEO South Korea 58 NEW BWX Technologies Rex D. Geveden, President and CEO U.S. 59 66 Ball Corporation John A. Hayes, Chairman and CEO U.S. 60 51 Aerojet Rocketdyne Holdings Eileen Drake, CEO and President U.S. 61 61 Bharat Electronics Limited M V Gowtama, Chairman and Managing Director India 62 62 Melrose Industries 18 Simon Peckham, Chief Executive U.K. 63 63 Vectrus Charles Prow, President and CEO U.S. 64 67 Hensoldt Thomas Mueller, CEO Germany 65 68 LIG Nex1 Kim Ji-Chan, President and CEO South Korea 66 65 QinetiQ 1 19 Steve Wadey, CEO U.K. Curtiss-Wright 67 72 Corporation 20 Lynn M. Bamford, President and CEO * U.S. 68 53 Turkish Aerospace Industries Temel Kotil, President and CEO Turkey 69 64 Austal Paddy Gregg, CEO * Australia 70 71 Moog Inc. John R. Scannell, Chairman and CEO U.S. 71 69 Viasat Richard Baldridge, President and CEO * U.S. 72 77 Kongsberg Gruppen Geir Haoy, President and CEO Norway Maxar Technologies 73 NEW 21 Dan Jablonsky, CEO U.S. $1,885.29 $1,736.39 $1,716.71 $1,634.58 $1,495.00 $1,472.00 $1,440.00 $1,416.83 $1,383.90 $1,377.58 $1,357.05 $1,270.16 $1,263.29 $1,256.42 $1,239.39 $1,238.36 $1,066.30 $1,064.72 $1,062.00 $1,685.80 $1,493.76 $1,740.87 $1,471.28 $1,256.00 $1,982.00 $1,390.00 $1,376.30 $1,367.63 $1,247.17 $1,246.42 $1,023.10 $1,079.05 $1,858.35 $1,289.64 $1,081.43 $1,138.10 $823.43 $940.00 12% 16% -1% 11% 19% -26% 4% 3% 1% 10% 9% 24% 17% -32% -4% 15% -6% 29% 13% $5,220.80 $4,985.86 $2,384.55 $2,123.52 $11,800.00 $2,073.00 36% 35% 72% 77% 13% 71% $1,910.00 $12,013.54 $1,395.53 $1,377.58 $1,357.05 $1,671.27 75% 12% 99% 100% 100% 76% $2,391.34 53% $1,504.33 $1,399.81 $2,884.55 $2,256.11 $2,726.96 $1,723.00 84% 89% 43% 47% 39% 62% Alion Science and 74 NEW Technology 1 Steve Schorer, Chairman and CEO U.S. 75 NEW Aerospace Corporation Steven J. Isakowitz, President and CEO U.S. 76 NEW Navantia Ricardo Domínguez García-Baquero, Chairman Spain $1,045.00 $1,032.00 $999.24 $846.00 N/A $1,082.62 24% N/A -8% $1,100.00 95% $1,500.00 $1,242.78 69% 80% people.defensenews.com/top-100/ 2/5 2021/7/14 Top 100 | Defense News, News about defense programs, business, and technology This year's rank 77 Last Year's Rank NEW Company HOME LeadAeIrRsh&ipSPACE LAND NACVoAuLntry Howmet Aerospace 1 John C. Plant, Executive Chairman 22 and Co-CEO U.S. POLICY 2020 Defense 2019 Defense % Defense RevCeOnuNeG(RinESS ReveRnEuGeI(OinNS RevTenVue millions) millions) Change $999.21 N/A N/A 2020 Total Revenue (in millions) $5,259.00 Revenue From Defense 19% 78 73 Meggitt Tony Wood, CEO U.K. $985.62 $1,052.01 -6% $2,156.05 46% 79 NEW Mitre Jason Providakes, President and CEO U.S. $984.00 N/A N/A $1,800.00 55% 80 70 PAE 23 Charles Peiffer, Interim President and CEO, Executive Vice President, and U.S. Chief Financial Officer $932.51 $1,082.00 -14% $2,238.28 42% 81 74 CAE 24 Marc Parent, President and CEO Canada $921.35 $1,001.08 -8% $2,257.50 41% 82 NEW Fluor Corporation 25 David Constable, CEO U.S. $864.20 $647.60 33% $15,700.00 6% 83 75 Ultra Electronics Simon Pryce, CEO U.K. $832.90 $906.26 -8% $1,103.43 75% 84 81 AAR Corporation John M. Holmes, President and CEO U.S. $812.77 $739.79 10% $2,112.45 38% 85 NEW Subaru Corporation 13 Tomomi Nakamura, Representative Director, President and CEO Japan $805.50 N/A N/A $26,692.56 3% 86 NEW HEICO 26 Laurans A. Mendelson, Chairman of the Board, CEO and Director U.S. $786.28 $719.48 9% $1,787.01 44% 87 85 Mercury Systems Mark Aslett, President and CEO U.S. $776.17 $622.59 25% $796.61 97% 88 NEW FLIR Systems James J. Cannon, President and CEO U.S. $767.63 $794.94 -3% $1,923.69 40% 89 NEW Woodward Inc. Thomas A. Gendron, Chairman of the Board, CEO and President U.S. $764.00 N/A N/A $2,500.00 31% 90 78 Day & Zimmermann Hal Yoh, Chair and CEO U.S. $741.94 $821.10 -10% $2,396.00 31% 91 NEW Lumen Technologies Jeff Storey, President and CEO U.S. $728.29 $651.28 12% $20,756.00 4% 92 87 Battelle Lewis Von Thaer, President and CEO U.S. $705.00 $560.00 26% $9,200.00 8% 93 95 Hyundai Rotem Company Yong-Bae Lee, CEO South Korea $697.48 $449.82 55% $2,361.93 30% 94 NEW Kratos Eric DeMarco, President and CEO U.S. $686.00 N/A N/A $747.70 92% 95 79 Embraer Francisco Gomes Neto, President and CEO Brazil $653.87 $775.00 -16% $3,771.11 17% 96 84 Peraton 27 Stu Shea, Chairman, President and CEO U.S. $651.20 $631.29 3% $1,034.06 63% 97 NEW Ukroboronprom Yuriy Husyev, Director General Ukraine $650.61 $764.98 -15% $1,379.95 47% 98 82 Cubic Corporation Bradley H. Feldmann, Chairman, President and CEO U.S. $634.70 $646.70 -2% $1,476.00 43% 99 NEW Spirit AeroSystems Tom Gentile, President and CEO U.S. $613.00 N/A N/A $3,405.00 18% 100 83 Indra Ignacio Mataix, CEO, and Cristina Ruiz, CEO * Spain $594.33 $633.57 -6% $3,473.80 17% Data for the Top 100 list comes from information Defense News solicited from companies, from companies’ annual reports, from analysts, and from research by Defense News, the International Institute for Strategic Studies and SPADE Indexes. Companies were contacted by Defense News and asked to fill out a survey reporting their total annual revenue and revenue derived from defense, intelligence, homeland security and other national security contracts. Currency conversions for non-U.S. firms were calculated using average market conversion rates over each firm’s fiscal year to mitigate the effects of currency fluctuations. Company adjustments made to 2019 defense revenue during the subsequent year is not reflected unless otherwise noted. Footnotes 1. Total defense revenue is based on a percentage of total revenue given by the company. 2. Defense revenue includes sales to the U.S. departments of Defense and Homeland Security, the U.S. intelligence community, and defense sales to international customers. 3. Raytheon Company (ranked 5th last year) and United Technologies Corporation (ranked 10th last year) merged in April 2020 to form Raytheon Technologies Corporation. Figures represent pro forma sales. 4. Defense revenue figures are the sum of Boeing’s Defense, Space and Security business and its Global Services business, as well as its Government Services business, excluding revenue from projects with NASA, commercial satellites and the like. 5. Defense revenue is calculated by combining revenue from the Marine, Combat and Technologies segments, collectively known as the company’s “defense segments.” This does not account for defense revenue from the Aerospace segment, or nondefense work in the Technologies segment. 6. Fiscal 2019 defense-related revenue was recalculated due to the merger of L3 Technologies and Harris Corporation. 7. China’s two largest shipbuilding conglomerates, China Shipbuilding Industry Corporation (ranked 14th last year) and China State Shipbuilding Corporation (ranked 24th last year), merged in November 2019 to create China State Shipbuilding Corporation Limited. Total revenue only reflects the company’s shipbuilding business, and its defense revenue reflects defense-related activity from the overall shipbuilding business. people.defensenews.com/top-100/ 3/5 2021/7/14 Top 100 | Defense News, News about defense programs, business, and technology 8. Airbus lists its “headquarters” in the Netherlands and its “main office” in France. HOME AIR & SPACE LAND NAVAL POLICY CONGRESS REGIONS TV 9. Leidos reorganized its business in 2020 and therefore recast its 2019 data in the last U.S. Securities and Exchange Commission filing through Form 10-K. 10. In November 2020, Amentum acquired DynCorp International, which was ranked 56th in last year’s list. 11. Amentum and Edge Group reported the same amount for fiscal 2020 defense revenue. Amentum is ranked above Edge Group because its fiscal 2019 defense revenue is higher. 12. Total revenue is not that of Hanwha Group but rather of Hanwha Group’s defense subsidiaries. Hanwha Group’s total revenue is about $59.36 billion. 13. Defense revenue reflects awards made by Japan’s Ministry of Defense for the fiscal year ending March 31, 2021. 14. KNDS is a joint venture of Krauss-Maffei Wegmann and Nexter. 15. The fiscal 2020 defense revenue figure includes some defense and security products delivered to other defense contractors and government entities that support national security, such as C3 systems, oil and gas pipeline security systems, and public security warning and alarm systems. 16. Parsons completed three acquisitions from 2019 to 2020, each with a focus on the defense market: Braxton Science & Technology Group; QRC Technologies; and OGSystems. 17. Serco announced the completion of the acquisition of consultancy Whitney, Bradley & Brown on April 27, 2021. 18. The GKN Aerospace Defense unit was created in 2020 as part of a reorganization announced in 2019. Prior to this, revenue was not broken down between civil and defense markets. 19. Defense revenue figures reflect the company’s defense and government security business, and the fiscal 2019 figure was recalculated to reflect that. 20. Curtiss-Wright acquired Pacific Star Communications in October 2020. The business generated about $120 million in sales in 2020, of which about two months was reflected in Curtiss-Wright’s 2020 revenue figures. 21. Defense revenue figures include all revenue from the U.S. government and agencies but do not include revenue from international defense and intelligence customers. 22. Howmet Aerospace split from Arconic Inc. in April 2020. 23. Charles Peiffer took on the interim role March 19, 2021. 24. On March 1, 2021, CAE announced plans to acquire L3Harris Technologies’ Military Training business for $1.05 billion. The closing of the acquisition is expected in the second half of 2021. 25. Fluor Corporation was excluded from last year’s rankings because the company did not release its 2019 financial data until later in the year. 26. The defense revenue figure is based on the company’s defense and space revenue, which includes commercial-related revenue. 27. Peraton acquired Northrop Grumman’s integrated mission support and IT solutions business on Feb. 1, 2021, and acquired Perspecta on May 6, 2021. * Leadership changed since last year’s list if company appeared on list N/A Not available NEW Did not appear on last year’s list people.defensenews.com/top-100/ 4/5
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