Aerospace & Defense

Top 10 US Defense Contractors

Raytheon Co. (NYSE: RTN) received $22.23 billion in defense revenues in 2014, more than 97% of the company’s total revenues for the year. Raytheon was one of only two companies to post a year-over-year increase in defense revenues even though it was a relatively modest 0.8%. The company is America’s largest missile builder.

General Dynamics Corp. (NYSE: GD) took in $18.56 billion in defense revenues in 2014, down 1.5% from its total in 2013. The company’s defense revenues accounted for just over 60% of its total during the year. In addition to developing information systems, General Dynamics is a prime contractor on the SSN 774 Class nuclear submarine which contributed about a third of the company’s 2014 defense revenues and for the Aegis destroyer.

Northrop Grumman Corp. (NYSE: NOC) received $18.4 billion in defense revenues in 2014. The amount was 5.6% less than the company’s 2013 defense revenues and represented 76.7% of total 2014 corporate revenues. The company has developed some systems that are included in the F-35A Joint Strike Fighter.

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Airbus Group is the Netherlands-based European rival to Boeing in the market for commercial jets. The group’s military division received $14.61 billion in 2014 defense revenues, just 18.1% of the company’s total 2014 revenues. The company’s proposed new tanker lost out to Boeing’s KC-46A but it is also a supplier of helicopters.

United Technologies Corp. (NYSE: UTX) receive $13.02 billion in defense revenues in 2014, just 20% of the company’s total revenues for the year. UTC was the other company to post a gain in defense revenues compared with 2013, gaining a significant 9.5% over the prior year’s total. The company just sold its Sikorsky helicopter division to Lockheed. UTC’s Pratt & Whitney division is a leading designer and manufacturer of aircraft engines.

Finmeccanica is based in Italy and received $10.56 billion in defense revenues in 2014, down 3.1% compared with the prior year, and accounting for 54.2% of the company’s total revenues in 2014. In addition to defense electronics and security the company is also chasing the new training jet program, but at last look was seeking a U.S. partner after General Dynamics pulled out earlier this year.

L-3 Communications Inc. (NYSE: LLL) received $9.81 billion in 2014 defense revenues, nearly 81% of the company’s total annual revenue. The 2014 was down 5.1% year-over-year. The company provides electronics, communications, and security systems as well as modernization, upgrades, and maintenance for military and government aircraft.

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