Special Report

20 Companies Profiting the Most From War

Source: Tramino / Getty Images

17. Rolls-Royce
> Country: United Kingdom
> Arms sales: $4.4 billion
> Total sales: $19.3 billion
> Profit: $5.3 billion
> Employees: 50,000

Rolls-Royce Holdings is separate from Rolls-Royce Motor Cars, the luxury automobile manufacturer, having sold the Rolls-Royce brand name and logo to German group BMW in 1998. While Rolls-Royce Holdings sold $4.4 billion worth of military products and services in 2017 — making it the 17th largest defense contractor in the world — weapons manufacturing accounts for a relatively small share of the company’s total revenue. Today, the largest share Rolls-Royce Holdings’ revenue comes from civil aerospace, followed by power systems, defense aerospace, marine, and nuclear technology.

Some of Rolls-Royce’s major defense contracts in 2017 included renewals with the U.S. Department of Defense for supporting approximately 3,000 engines on aircraft such as the C-130 Hercules and T-45 Goshawk, and engine orders from the Japanese Self-Defense Force for its new V-22 Osprey fleet.

Source: NASA / Wikimedia Commons

16. Honeywell International
> Country: United States
> Arms sales: $4.5 billion
> Total sales: $40.5 billion
> Profit: $1.7 billion
> Employees: 114,000

New Jersey-based Honeywell International sells its software and consulting services in a range of industries, including health care, oil and gas, manufacturing, and industrials. In addition, defense contracts accounted for about 11% of the company’s 2017 revenue. For decades, Honeywell has had a contract with the U.S. Army to develop longer range weapons systems, operating systems for unmanned aerial vehicles, and missile navigation systems. The company has also manufactured over 6,000 T55 engines, which the Army uses in its iconic heavy-lift Chinook helicopter. The company has an ongoing partnership with the Army for maintaining and overhauling the engines.

Honeywell has defense contracts with foreign governments as well, inking a deal with the U.K. in 2016 to install navigation systems in the British Army’s AJAX armored fighting vehicles.

Source: Акционерное общество

15. United Shipbuilding Corp.
> Country: Russia
> Arms sales: $5.0 billion
> Total sales: $5.6 billion
> Profit: $101.0 million
> Employees: 80,000

The United Shipbuilding Corporation was established in March 2007 in accordance with a decree from Russian President Vladimir Putin. The state-owned defense contractor sold $5.0 billion worth of arms in 2017, the third most of any Russian company and among the most of any worldwide. Arms sales accounted for 89% of USC’s total revenue for the year.

In July 2014, USC was added to a list of companies banned from doing business in the United States by the U.S. Department of the Treasury. The sanctions were imposed in response to Russia’s continued support for separatists in eastern Ukraine.


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