Top 5 Defense Contractors in the World in 2023

4. General Dynamics Corporation (NYSE:GD)

2022 Revenue (millions of USD): $39,407

2022 DoD contracts (millions of USD): $21,196

General Dynamics Corporation (NYSE:GD) is one of the major defense contractors in the world in 2023. It had an increase of 2.4% in sales and 1.2% in operating profit in 2022. It was the third largest recipient of Department of Defense (DoD) contracts in that year. Its business unit, the General Dynamics Information Technology (GDIT), won a $908 million contract from the DoD to support IT and network systems in Europe that are operated by the U.S. Air Force. In January 2023, U.S. President Joe Biden announced to send 31 Abrams tanks to Ukraine made by General Dynamics Corporation (NYSE:GD) to repel Russian invasion.