1. Lockheed Martin
US-based Lockheed Martin sells $40.8 billion of military equipment. It specializes in aircraft building, postal services' automated processing systems, airport logistics, aerospace engineering and shipbuilding. But the share of arms sales in its total sales is 86%.
Lockheed Martin Corp. is headquartered in Bethesda, Maryland, US. Marillyn A. Hewson is chairman, president and CEO of the company.
Lockheed Martin is the world's largest defense contractor.
2. Boeing
The Boeing Company is a leading manufacturer of commercial jets and military aircraft. It produces aircraft, space and military equipment. Its arms sales in total sales comprise 31%. The company's revenue from the military-industrial complex is $29.5 billion.
The corporation consists of two major production divisions: Boeing Commercial Airplanes (the commercial airplane segment) and Boeing Integrated Defense Systems (military products and space technology).
Headquartered in Chicago, US, the Boeing Company sells its products to 150 countries.
3. Raytheon
Raytheon is a major US defense contractor and industrial corporation. It is the Pentagon's supplier of Tomahawk cruise missiles and Patriot missile-defense systems.
The company's subsidiary Raytheon Missile Systems Company is the world's premier missile maker with full production cycle from development to serial production of missiles.
Raytheon is the world's largest producer of guided missiles.
Is revenue from the MIC is $22.9 billion
4. BAE Systems
BAE Systems is a UK-based aerospace and defense contractor. With arms sales of $22.8 billion, it is engaged in development in such sectors as armaments, information security and aerospace.
Headquartered in Farnborough, Hampshire, UK, BAE Systems' cooperates with foreign customers, particularly with North America.
5. Northrop Grumman
Northrop Grumman is also a major weapons contractor in the US. It develops and supplies products and solutions in the field of electronics and information technology, aerospace, and shipbuilding.
It was incorporated 1994 as a result of the merger between Northrop Corporation and Grumman Corporation. Northrop Grumman's arms sales come in at $21.4 billion.
6. General Dynamics
General Dynamics is one of the world's largest manufacturers of military and aerospace equipment. It deals in four segments, including aerospace, combat systems, information systems and technology, and marine systems.
General Dynamics is notable known for its M1 Abrams tank, Piranha armored personnel carrier, the F-16 fighter jet, and submarines.
Its arms sales total $19.2 billion.
7. Airbus
Airbus is an international pioneer in the aerospace industry. It was formed in late 1960's through the merger of several European aircraft makers. It is a leader in manufacturing tanker, combat, transport and mission aircraft. With arms sales of $12.5 billion, Airbus employs more than 50,000 people in France, Germany, the United Kingdom, and Spain. Its final assembly facilities are located in Germany's Hamburg and Toulouse, France.
Airbus' arms sales as percentage of total sales is 17%.
8. L3 Technologies
L3 Technologies Inc. is a US company that supplies command and control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products.
Headquartered in Manhattan, New York, L3 was formed in 1997. With arms sales worth $8.9 billion, its share of arms in total sales is 85%.
9. BAE Systems (US subsidiary)
BAE Systems Inc is the US subsidiary of BAE Systems plc, a global defense, security and aerospace company which delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services.
BAE Systems Inc manufactures and delivers service support for armored combat vehicles, artillery systems and ammunition, deals with electronic systems for both commercial and military applications.
Headquartered in Arlington, Virginia, BAE Systems, Inc. has arms sales of $9.3 billion, with revenue from the MIC forming 93% of its total sales.
10. Leonardo
Leonardo is one of the largest machine-building holdings in Italy.
Its arms sales volume is $8.5 billion, with the share of arms in total sales standing at 64%.
The holding's structural subdivisions carry out orders in the spheres of defense, energy, helicopter construction, telecommunications and transport.
It is known for AqustaWestland models in the helicopter market.
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
Analytical periodical US News and World Report has presented its ranking of the best countries in the world in terms of quality of life, based on a survey of nearly 17,000 people. The list considers factors such as economic and political stability, a strong labor market, income equality, family-friendliness, safety, the quality of education, and healthcare systems. Let's find out which countries made it to the top of this list.
