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Chinese firms bump down Western companies on Top 100 list
| Rank | Last Year’s Rank | Company | Leadership | Country | 2018 Defense Revenue (in millions) | 2017 Defense Revenue (in millions) | % Defense Revenue Change | 2018 Total Revenue (in millions) | Revenue From Defense |
| 1 | 1 | Lockheed Martin 1 | Marillyn Hewson, Chairman, President and CEO | U.S. | $50,536.00 | $47,985.00 | 5% | $53,762.00 | 94% |
| 2 | 5 | Boeing 2 | Dennis Muilenburg, Chairman, President and CEO | U.S. | $34,050.00 | $20,561.00 | 66% | $101,127.00 | 34% |
| 3 | 4 | Northrop Grumman | Kathy J. Warden, CEO and President * | U.S. | $25,300.00 | $21,700.00 | 17% | $30,095.00 | 84% |
| 4 | 2 | Raytheon Company 1 | Thomas Kennedy, Chairman and CEO | U.S. | $25,163.94 | $23,573.64 | 7% | $27,058.00 | 93% |
| 5 | NEW | Aviation Industry Corporation of China | Tan Ruisong, Chairman of the Board, and Luo Ronghuai, President | China | $24,902.01 | $22,898.73 | 9% | $66,405.36 | 38% |
| 6 | 6 | General Dynamics | Phebe Novakovic, Chairman and CEO | U.S. | $24,055.00 | $19,587.00 | 23% | $36,200.00 | 66% |
| 7 | 3 | BAE Systems 3 | Charles Woodburn,CEO | U.K. | $22,477.48 | $22,380.04 | 0% | $24,569.06 | 91% |
| 8 | NEW | China North Industries Group Corporation Limited | Jiao Kaihe, Chairman, and Liu Dashan, President | China | $14,777.77 | $14,206.36 | 4% | $68,100.30 | 22% |
| 9 | 7 | Airbus 4 | Guillaume Faury, CEO * | Netherlands/France | $13,063.82 | $11,185.91 | 17% | $75,220.59 | 17% |
| 10 | NEW | China Aerospace Science and Industry Corporation | Gao Hongwei, Chairman of the Board, and Liu Shiquan, General Manager | China | $12,130.93 | $11,206.28 | 8% | $37,909.17 | 32% |
| 11 | NEW | China South Industries Group Corporation | Xu Ping, CEO, and Gong Yande, Director and General Manager | China | $11,963.37 | $14,121.77 | -15% | $38,591.53 | 31% |
| 12 | NEW | China Electronics Technology Group | Xiong Qunli, Chairman | China | $10,275.58 | $9,518.91 | 8% | $33,354.01 | 31% |
| 13 | 10 | Leonardo | Alessandro Profumo, CEO | Italy | $9,828.51 | $8,856.48 | 11% | $14,453.69 | 68% |
| 14 | NEW | China Shipbuilding Industry Corporation | Hu Wenming, Chairman of the Board, and Wu Yongjie, President | China | $9,795.47 | $9,337.91 | 5% | $48,977.36 | 20% |
| 15 | 8 | Almaz-Antey | Yan Novikov, CEO | Russia | $9,660.14 | $9,125.02 | 6% | $9,896.67 | 98% |
| 16 | 9 | Thales 1 | Patrice Caine, Chairman and CEO | France | $9,575.57 | $8,926.13 | 7% | $18,775.63 | 51% |
| 17 | 11 | United Technologies 1, 5 | Gregory Hayes, Chairman and CEO | U.S. | $9,310.00 | $7,826.00 | 19% | $66,500.00 | 14% |
| 18 | 12 | L3 Technologies 6 | Bill Brown, Chairman, President and CEO | U.S. | $8,249.00 | $7,749.00 | 6% | $10,200.00 | 81% |
| 19 | NEW | China Aerospace Science and Technology Corporation | Wu Yansheng, Chairman of the Board, and Yuan Jie, Executive Director and President | China | $8,138.47 | $7,514.73 | 8% | $38,030.23 | 21% |
| 20 | 13 | Huntington Ingalls Industries 1 | Mike Petters, President and CEO | U.S. | $7,767.00 | $7,030.00 | 10% | $8,176.00 | 95% |
| 21 | 15 | Leidos | Roger Krone, Chairman and CEO | U.S. | $5,378.00 | $5,218.00 | 3% | $10,194.00 | 53% |
| 22 | NEW | China State Shipbuilding Corporation | Lei Fan Pei, Chairman, and Yang Jin Cheng, General Manager | China | $4,954.07 | $4,842.69 | 2% | $30,962.94 | 16% |
| 23 | 17 | Booz Allen Hamilton | Horacio D. Rozanski, President and CEO | U.S. | $4,700.00 | $4,320.00 | 9% | $6,704.04 | 70% |
| 24 | 16 | Rolls-Royce | Warren East, CEO | U.K. | $4,682.36 | $4,625.73 | 1% | $20,110.93 | 23% |
| 25 | 21 | Honeywell 7 | Darius Adamczyk, Chairman and CEO | U.S. | $4,665.00 | $4,100.00 | 14% | $41,802.00 | 11% |
| 26 | 19 | Harris Corporation 6 | Bill Brown, Chairman, President and CEO | U.S. | $4,601.60 | $4,158.00 | 11% | $6,391.10 | 72% |
| 27 | 23 | Hanwha | Seung Youn Kim, Chairman and CEO | South Korea | $4,281.48 | $3,895.27 | 10% | $44,304.80 | 10% |
| 28 | 18 | Naval Group | Hervé Guillou, CEO | France | $4,260.53 | $4,178.33 | 2% | $4,260.53 | 100% |
| 29 | 22 | GE Aviation | David Joyce, GE Vice Chairman; President and CEO of GE Aviation | U.S. | $4,100.00 | $3,991.00 | 3% | $30,566.00 | 13% |
| 30 | 27 | Rheinmetall AG | Armin Papperger, CEO | Germany | $3,803.54 | $3,430.35 | 11% | $7,259.91 | 52% |
| 31 | 24 | Bechtel | Brendan Bechtel, Chairman and CEO | U.S. | $3,745.00 | $3,576.00 | 5% | $25,500.00 | 15% |
| 32 | 25 | Tactical Missiles Corporation, JSC | Boris Obnosov, Director General | Russia | $3,591.46 | $3,573.95 | 0% | $3,664.35 | 98% |
| 33 | 31 | AECOM | Michael Burke, Chairman and CEO | U.S. | $3,500.00 | $3,197.78 | 9% | $20,200.00 | 17% |
| 34 | 20 | Textron Inc. | Scott C. Donnelly, Chairman and CEO | U.S. | $3,350.00 | $4,117.42 | -19% | $13,972.00 | 24% |
| 35 | 28 | Elbit Systems Ltd. 1 | Bezhalel Machlis, President and CEO | Israel | $3,326.65 | $3,377.83 | -2% | $3,684.00 | 90% |
| 36 | 32 | Saab AB | Håkan Buskhe, President and CEO | Sweden | $3,243.68 | $3,090.07 | 5% | $3,816.09 | 85% |
| 37 | 34 | CACI International Inc. | Ken Asbury, President and CEO | U.S. | $3,032.75 | $2,829.31 | 7% | $4,467.86 | 68% |
| 38 | 44 | Dassault | Bernard Charles, Vice Chairman and CEO * | France | $2,934.43 | $2,124.19 | 38% | $6,003.48 | 49% |
| 39 | 29 | Babcock International 1 | Archie Bethel, Chief Executive | U.K. | $2,909.79 | $3,341.03 | -13% | $6,206.67 | 47% |
| 40 | 37 | Perspecta Inc. | Mac Curtis, President and CEO | U.S. | $2,817.70 | $2,731.95 | 3% | $4,274.27 | 66% |
| 41 | NEW | Jacobs | Steve Demetriou, Chair and CEO | U.S. | $2,800.00 | $2,600.00 | 8% | $14,984.65 | 19% |
| 42 | 35 | SAIC 8 | Nazzic Keene, CEO-elect * | U.S. | $2,795.40 | $2,761.48 | 1% | $4,659.00 | 60% |
| 43 | 38 | Hindustan Aeronautics Ltd. | Raragopalan Madhavan, Chairman and Managing Director * | India | $2,754.60 | $2,720.00 | 1% | $2,930.43 | 94% |
| 44 | 39 | Israel Aerospace Industries Ltd. | Nimrod Sheffer, CEO * | Israel | $2,647.00 | $2,469.00 | 7% | $3,682.00 | 72% |
| 45 | 33 | KNDS 9 | Frank Haun, Co-CEO, and Stephane Mayer, Co-CEO | France | $2,597.89 | $2,991.95 | -13% | $2,597.89 | 100% |
| 46 | 42 | Rafael Advanced Defense Systems Ltd. | Yoav Har-Even, President and CEO | Israel | $2,592.00 | $2,300.06 | 13% | $2,592.00 | 100% |
| 47 | 52 | KBR | Stuart Bradie, President and CEO | U.S. | $2,425.78 | $1,546.67 | 57% | $4,912.89 | 49% |
| 48 | 40 | ST Engineering | Vincent Chong, President and CEO | Singapore | $2,100.00 | $2,300.00 | -9% | $6,700.00 | 31% |
| 49 | 45 | Aerojet Rocketdyne Holdings, Inc. | Eileen Drake, CEO and President | U.S. | $1,895.90 | $1,870.80 | 1% | $1,895.90 | 100% |
| 50 | 47 | Oshkosh Defense | John Bryant, Executive Vice President, Oshkosh Corporation, and President, Oshkosh Defense | U.S. | $1,828.90 | $1,820.10 | 0% | $7,710.00 | 24% |
| 51 | 54 | DynCorp International | George Krivo, CEO | U.S. | $1,803.40 | $1,501.09 | 20% | $2,148.28 | 84% |
| 52 | 55 | Aselsan A.S. | Haluk Görgün, Chairman, President and CEO | Turkey | $1,792.63 | $1,424.93 | 26% | $1,917.60 | 93% |
| 53 | 61 | Fluor | Alan Boeckmann, Executive Chairman, and Carlos Hernandez, CEO * | U.S. | $1,748.79 | $1,217.06 | 44% | $19,166.60 | 9% |
| 54 | 66 | Korea Aerospace Industries Ltd. | Kim Jo-Won, President and CEO | South Korea | $1,694.35 | $982.28 | 72% | $2,532.57 | 67% |
| 55 | 56 | Fincantieri S.p.A. | Giuseppe Bono, CEO | Italy | $1,693.51 | $1,369.23 | 24% | $6,464.02 | 26% |
| 56 | 53 | Safran | Philippe Petitcolin, CEO | France | $1,636.67 | $1,519.70 | 8% | $24,857.04 | 7% |
| 57 | 49 | Cobham 1 | David Lockwood, CEO * | U.K. | $1,588.37 | $1,584.86 | 0% | $2,482.67 | 64% |
| 58 | NEW | Sierra Nevada Corp. | Eren Ozmen, Chairwoman, President and Owner, and Fatih Ozmen, Owner and CEO | U.S. | $1,500.00 | NA | NA | $1,900.00 | 79% |
| 59 | 58 | ManTech International 1 | George Pedersen, Executive Chairman and Chairman of the Board, and Kevin Phillips, President and CEO | U.S. | $1,450.40 | $1,300.00 | 12% | $1,960.00 | 74% |
| 60 | NEW | Melrose Industries 10 | Simon Peckham, Chief Executive | U.K. | $1,366.40 | $3,484.12 | -61% | $12,012.90 | 11% |
| 61 | 51 | LIG Nex1 | Kim Jichan, CEO | South Korea | $1,341.23 | $1,555.24 | -14% | $1,341.23 | 100% |
| 62 | NEW | TransDigm | Kevin Stein, President, CEO and Director | U.S. | $1,333.89 | NA | NA | $3,811.10 | 35% |
| 63 | NEW | Hensoldt | Thomas Mueller, CEO | Germany | $1,310.89 | $1,082.89 | 21% | $1,310.89 | 100% |
| 64 | 60 | Serco 1 | Rupert Soames, CEO * | U.K. | $1,264.02 | $1,236.84 | 2% | $3,777.39 | 33% |
| 65 | 63 | Vectrus | Chuck Prow, President and CEO | U.S. | $1,232.74 | $1,114.79 | 11% | $1,279.30 | 96% |
| 66 | 59 | Bharat Electronics Ltd. | M V Gowtama, Chairman and Managing Director | India | $1,144.94 | $1,270.00 | -10% | $1,686.82 | 68% |
| 67 | 77 | QinetiQ Plc | Steve Wadey, CEO | U.K. | $1,118.80 | $850.64 | 32% | $1,216.11 | 92% |
| 68 | 67 | Austal | David Singleton, CEO | Australia | $1,055.14 | $969.12 | 9% | $1,078.78 | 98% |
| 69 | 64 | Turkish Aerospace Industries *** | Temel Kotil, President and CEO | Turkey | $1,050.84 | $1,089.63 | -4% | $1,665.66 | 63% |
| 70 | 78 | CAE | Marc Parent, President and CEO | Canada | $995.33 | $836.73 | 19% | $2,518.04 | 40% |
| 71 | 62 | PAE | John Heller, CEO | U.S. | $980.00 | $1,127.35 | -13% | $2,600.00 | 38% |
| 72 | 71 | Meggitt 1 | Tony Wood, CEO* | U.K. | $975.98 | $910.97 | 7% | $2,776.32 | 35% |
| 73 | 75 | Curtiss-Wright | David Adams, Chairman and CEO | U.S. | $960.60 | $862.69 | 11% | $2,412.00 | 40% |
| 74 | 80 | ViaSat 11 | Mark Dankberg, Chairman of the Board and CEO | U.S. | $955.60 | $772.10 | 24% | $2,100.00 | 46% |
| 75 | 83 | Ball Aerospace | Robert Strain, President | U.S. | $934.00 | $665.17 | 40% | $1,197.44 | 78% |
| 76 | 76 | Moog Inc. | John R. Scannell, CEO | U.S. | $925.02 | $861.80 | 7% | $2,709.47 | 34% |
| 77 | 73 | Ruag | Urs Breitmeier, CEO Ruag Group and Chairman of the Group Executive Board | Switzerland | $898.65 | $873.83 | 3% | $2,042.40 | 44% |
| 78 | 68 | Ultra Electronics | Simon Pryce, CEO | U.K. | $890.29 | $951.97 | -6% | $1,023.37 | 87% |
| 79 | 85 | Day & Zimmermann | Hal Yoh, Chair and CEO | U.S. | $773.77 | $617.65 | 25% | $2,800.00 | 28% |
| 80 | 81 | Kongsberg 12 | Geir Håøy, President and CEO | Norway | $750.00 | $771.33 | -3% | $1,766.99 | 42% |
| 81 | 82 | Indra | Fernando Abril-Martorell, Chairman and CEO | Spain | $732.13 | $673.41 | 9% | $3,660.66 | 20% |
| 82 | NEW | Teledyne | Robert Mehrabian, Executive Chairman | U.S. | $655.30 | NA | NA | $2,902.00 | 23% |
| 83 | NEW | John Cockerill Defense 13 | Thierry Renaudin, President | Belgium | $595.15 | $344.81 | 73% | $1,531.57 | 39% |
| 84 | 69 | Embraer | Francisco Gomes Neto, President and CEO * | Brazil | $593.32 | $951.00 | -38% | $5,071.10 | 12% |
| 85 | 97 | STM Savunma Teknolojileri Muhendislik ve Ticaret A.S. | Murat Ikinci, General Manager * | Turkey | $564.83 | $369.96 | 53% | $586.58 | 96% |
| 85 | NEW | BMC Otomotiv Sanayi ve Ticaret A.S. ** | Bülent Denkdemir, CEO | Turkey | $554.18 | $297.98 | 86% | $654.99 | 85% |
| 86 | 91 | Diehl Defence Holding | Karl Tragl, CEO* | Germany | $547.92 | $515.23 | 6% | $4,362.09 | 13% |
| 87 | 70 | Cubic | Bradley H. Feldmann, Chairman, President and CEO | U.S. | $532.18 | $907.27 | -41% | $1,202.90 | 44% |
| 88 | 90 | Patria 14 | Esa Rautalinko, President and CEO * | Finland | $524.00 | $486.17 | 8% | $556.30 | 94% |
| 89 | 96 | Roketsan A.S | Selcuk Yasar, President and CEO | Turkey | $522.76 | $376.08 | 39% | $522.76 | 100% |
| 90 | 87 | AAR | John M. Holmes, President and CEO | U.S. | $493.72 | $597.60 | -17% | $1,748.20 | 28% |
| 91 | 95 | Nammo 15 | Morten Brandtzæg, President and CEO | Norway | $487.67 | $431.78 | 13% | $604.52 | 81% |
| 92 | NEW | Mercury Systems | Mark Aslett, President and CEO | U.S. | $473.46 | $392.24 | 21% | $493.18 | 96% |
| 93 | 93 | Hyundai Rotem Company | Lee Geon-Yong, CEO * | South Korea | $459.95 | $446.87 | 3% | $2,477.93 | 19% |
| 94 | 92 | Battelle | Lewis “Lou” Von Thaer, President and CEO | U.S. | $440.00 | $450.00 | -2% | $5,100.00 | 9% |
| 95 | 84 | Denel | Monhla Hlahla, Chairperson* | South Africa | $377.81 | $621.23 | -39% | $377.81 | 100% |
| 96 | 88 | Chemring 1 | Michael Ord, Group Chief Executive | U.K. | $336.90 | $585.51 | -42% | $396.43 | 85% |
| 97 | 98 | Telephonics Corporation | Kevin McSweeney, President | U.S. | $288.11 | $366.91 | -21% | $1,977.92 | 15% |
| 98 | NEW | JXTG Energy 16 | Katsuyuki Ota, Representative Director and President | Japan | $176.27 | NA | NA | NA | NA |
| 99 | NEW | Itochu Enex Co. Ltd. 16 | Kenji Okada, Representative Director, President and CEO | Japan | $99.81 | NA | NA | $9,083.92 | 1% |
| 100 | 50 | Kawasaki Heavy Industries 16 | Yoshinori Kanehana, President * | Japan | $98.43 | $1,566.15 | -94% | NA | NA |
Global Top 100 companies (2019)
Global ranking of the top 100 public companies by market capitalisation
“The US continues to be the powerhouse of the Global Top 100, with the top four giants currently in a league of their own. Longer term, we expect to see a growing contribution from India and other developing markets with Greater China technology companies, in particular, challenging the current position. The prominence of companies from Greater China amongst the leading global unicorns may be a precursor of this.”
Ross Hunter – IPO Centre Leader, Partner, PwC United Kingdom
Download the report for a full list (PDF, 2.2MB)
