Top 5 Defense Contractors in 2024

4. Aviation Industry Corporation of China

Country: China

Total Revenue in 2022: $82.6 billion

Defense Revenue in 2022: $30.97 billion

Percentage of Revenue from Defense: 37%

The Aviation Industry Corporation of China (AVIC) is one of the largest defense contractors in China. It is a state-owned corporation, with over a hundred subsidiaries. The AVIC has been credited for the development of one of the most advanced fighter jets in the world currently – the J-20. It has also jointly-built the much-famed JF-17 Thunder fighter jet in cooperation with Pakistan.