Key Takeaways:
According to the most recent SIPRI rankings, US corporations led the global arms sector in 2023. Lockheed Martin topped the list with $60.8 billion in arms revenues, followed by RTX and Northrop Grumman. Boeing and General Dynamics completed the top five.
The United Kingdom's BAE Systems was Europe's top defence firm, placing sixth globally, while Russia's Rostec came in seventh. China maintained a significant presence, with AVIC, NORINCO, and CETC rounding out the top 10.