The leading 100 arms producers in the world increased their sales of weapons by 1.9 percent to $592 billion in 2021. Here’s the list of the world’s largest weapons manufacturing companies.
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On Friday, the US debuted a brand-new strategic bomber for the first time in almost 30 years in a closely-guarded display.
The nuclear-capable B-21 Raider, which is anticipated to go into service in 2027, is considered as a key component of the United States’ reaction to China’s military expansion. The expected price was also disclosed: Northrop Grumman, the plane’s manufacturer, may estimate $700 million per aircraft.
Several other businesses will benefit from the deal, with the arms manufacturer claiming that 400 suppliers are involved. Raytheon Technologies, whose affiliate Pratt & Whitney will build the engines for the new stealth plane, is one of these.
Northrop Grunman and Raytheon are both listed among the world’s largest arms manufacturers. Despite a 6% drop in arms sales, Northrop Grunman’s aerospace and defense technology corporation made $30 billion in 2021, ranking it fourth in the world by this metric. Raytheon’s armament sales increased by 9% to $42 billion, trailing only Lockheed Martin’s $60 billion.
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As Statista’s Martin Armstrong demonstrates in the infographic below, American corporations dominate the top of the list.
However, two Chinese firms also succeed; Norinco and AVIC, who both had rapid development in 2021, sold more than $40 billion worth of armaments last year.
The leading 100 arms producers in the world increased their sales of weapons by 1.9 percent to $592 billion in 2021, according to the source, the Stockholm International Peace Research Institute (SIPRI), amid supply chain issues.