Top 5 Defense Contractors in 2024

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In this article, we look at the top 5 defense contractors in 2024. You can read about trends in the defense industry by heading over to the Top 20 Defense Contractors in 2024, where we have discussed in detail how large armament manufacturers have profited from the ongoing armed conflicts in Europe and the Middle East.

5. The Boeing Company (NYSE:BA)

Country: United States

Total Revenue in 2022: $66.61 billion

Defense Revenue in 2022: $30.84 billion

Percentage of Revenue from Defense: 46%

We begin our list with The Boeing Company (NYSE:BA), which is one of the largest defense contractors in the world. Nearly half of the company’s overall revenue in 2022 came from defense-related sales, which included a $925 million contract from the US government to work on the US Air Force’s Next Generation Air Dominance (NGAD) programme which aims to develop a sixth-generation fighter jet to replace the F-22 Raptor by 2030.

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