Special Report

Companies Profiting the Most From War

10. Thales
> Arm sales 2013:
$10.4 billion
> Total sales 2013: $18.9 billion
> 2013 profit: $800 million
> 2013 employment: 65,190

Thales Group edged into the top 10 of international arms sales, moving ahead of L-3 Communications with 2013 arms sales of $10.4 billion, up from $8.9 billion in 2012. L-3’s arms sales fell from $10.84 billion in 2012 to $10.3 billion in 2013. Based in Paris, Thales has outlets in 56 countries with a total headcount of more than 65,000 employees. In addition to defense, Thales helped modernize the London Underground in 2014, increasing the capacity of the system’s Northern Line by 20%. More than a decade ago, Thales launched its inflight entertainment and connectivity unit now used by nearly 100 international airlines.

9. Finmeccanica
> Arm sales 2013:
$10.6 billion
> Total sales 2013: $21.3 billion
> 2013 profit: $100 million
> 2013 employment: 63,840

Finmeccanica reported nearly $10.6 billion in arms sales in 2013, down considerably from the previous year, when the company sold $12.5 billion worth of military equipment. While arms sales comprised a majority of total revenue for six companies on this list, they comprised only half of the Finmeccanica’s overall 2013 sales of $21.3 billion. The Italian aerospace giant has been struggling in recent years, posting losses each year since 2011. The company is currently undergoing massive restructuring. Mauro Moretti, the conglomerate’s recently government-appointed CEO, said in an interview with the Financial Times earlier this year that he anticipates substantial job cuts, shrinking sales figures, and even a possible name change.

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8. United Technologies (NYSE: UTX)
> Arm sales 2013:
$11.9 billion
> Total sales 2013: $62.6 billion
> 2013 profit: $5.7 billion
> 2013 employment: 212,000

United Technologies (NYSE: UTX) is the lowest ranking U.S. supplier of the world’s top 10 arms selling companies. Based in Connecticut, UTC’s arms sales slipped from $12.1 billion in 2012 to $11.9 billion in 2013 even as its total sales rose from $57.7 billion in 2012 to more than $62.6 billion in 2013. The company’s Pratt & Whitney subsidiary, which produces and sells large commercial aircraft engines used in more than 25% of the world’s passenger fleet, recorded $14.5 billion in total net sales in 2014. Pratt & Whitney’s military engines are used by 29 armed forces worldwide. United Technologies’ Sikorsky helicopters are used by all five branches of the U.S. armed forces and Sikorsky products are used in more than 40 countries. Sikorsky generated $7.5 billion in net sales in 2014. Sikorsky manufactures military and commercial helicopters and supplies helicopter and aircraft services and parts. UTC is exploring spinning off Sikorsky to create a stand-alone public company.