Top 5 Defense Contractors in the World in 2023

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In this article, we look at the top 5 defense contractors in the world in 2023. For our detailed analysis, and to see how we ranked these companies, you can head to the Top 16 Defense Contractors in the World in 2023.

5. China North Industries Group Corporation Limited

2022 Revenue (millions of USD): $81,735

2022 DoD contracts (millions of USD): $ –

China North Industries Group Corporation Limited was the largest defense contractor in the world in terms of revenue in 2022, having generated sales of over $81 billion in the fiscal year. Founded in 1980, the company does business globally as Norinco Group, whereas in China, it is commonly known as China Ordinance Industries Group Corporation Limited. It specializes in manufacturing of tank and artillery shells, firearms, cannons, aircraft, unmanned aerial vehicles, radars, missiles, and rockets.

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