> Arm sales 2013: $21.9 billion
> Total sales 2013: $23.7 billion
> 2013 profit: $2.0 billion
> 2013 employment: 63,000
Like other U.S. based defense companies, the vast majority of Raytheon’s business comes from the U.S. government. The company sold nearly $16.1 billion worth of arms to the U.S. government in 2014, or 70% of its total sales. This proportion has actually fallen each of last two years. Meanwhile, international sales accounted for 29% of Raytheon’s total 2014 sales, up from 27% in 2013. According to SIPRI, economic downturns and the resulting austerity measures, especially in the U.S., have prompted a number of companies to more aggressively seek international markets for military deals. These deals are subject to the International Traffic in Arms Regulations as well as other U.S. and foreign regulations.
3. BAE Systems
> Arm sales 2013: $26.8 billion
> Total sales 2013: $28.4 billion
> 2013 profit: $275 million
> 2013 employment: 84,600
BAE Systems is one of the top 10 defense contractor suppliers to the U.S. with 31,500 employees in the U.S. in addition to 33,300 in the United Kingdom and another 19,800 in other parts of the globe including Saudi Arabia and Australia. About 36% of BAE’s sales came from its land and armaments business: development, ongoing support and maintenance of armored vehicles, artillery, naval guns, missile launchers and munitions. Total BAE sales grew 2% from 2012 to 2013 as the resumption of the company’s Typhoon combat aircraft deliveries more than made up for lower U.S. sales.
2. Boeing (NYSE: BA)
> Arm sales 2013: $30.7 billion
> Total sales 2013: $86.6 billion
> 2013 profit: $4.6 billion
> 2013 employment: 168,400
Based in Chicago, Boeing is the largest aerospace company in the world. It had sales of $86.6 billion in 2013, the third highest compared to the 100 companies reviewed by SIPRI. Unlike most U.S. arms dealers, only 35% of Boeing’s sales came from arms deals, one of the lowest such proportions. Boeing is known primarily for its airplanes, with more than 10,000 commercial jetliners in use worldwide, or approximately 48% of the global fleet, according to the company. The company is also a major provider of satellites and satellite components to NASA. Boeing is a major employer in a number of states. Worldwide, the company had a total 2013 headcount of 168,400 — also the fourth highest number of employees among the 100 largest arms dealers.
1. Lockheed Martin (NYSE: LMT)
> Arm sales 2013: $35.5 billion
> Total sales 2013: $45.5 billion
> 2013 profit: $3.0 billion
> 2013 employment: 115,000
Lockheed Martin’s 2013 arms sales totaled $35.5 billion, more than any other company in the world. The company posted total sales of $45.5 billion in 2013, 78% of which were arms sales. In its most recent financial report, Lockheed Martin reported a slight increase in both sales and U.S. government deals, which accounted for 79% of its $45.6 billion net sales in fiscal 2014. The F-35 stealth fighter is the company’s most profitable program, generating more than half of all sales from the company’s aeronautics division in 2014. Lockheed Martin’s advanced development program, known as Skunk Works, has recently announced a working concept for a compact fusion reactor. The department claims it may have a prototype of the elusive nuclear energy device within five years.
CORRECTION: Due to a data processing error, an earlier version of this article incorrectly reported total 2013 profits of $300 billion for BAE Systems. In fact, BAE Systems had a total profit of $275 million in 2013.