Special Report

20 Companies Profiting the Most From War


Source: OAK

14. United Aircraft Corp.
> Country: Russia
> Arms sales: $6.4 billion
> Total sales: $7.7 billion
> Profit: $325.3 million
> Employees: 98,000

Since the breakup of the Soviet Union in 1991, Russia has been transitioning to a privatized economy. The defense industry, however, remains almost entirely state-owned. The United Aircraft Corporation was established by decree of Russian President Vladimir Putin in early 2006. While the company manufactures civil and special purpose aircraft, over 80% of its $7.7 billion in revenue in 2017 came from arms sales. UAC’s military aircraft include MiG, Sukhoi, and Yak fighter jets. Though based in Russia, UAC has partners in India and Italy.

Source: usnavy / Flickr

13. Huntington Ingalls Industries
> Country: United States
> Arms sales: $6.5 billion
> Total sales: $7.4 billion
> Profit: $479.0 million
> Employees: 38,000

Shipbuilder Huntington Ingalls Industries of Newport News, Virginia, is the sole manufacturer of nuclear-powered aircraft carriers in the United States and is responsible for 70% of the U.S. Navy’s current marine fleet. According to SIPRI, HII brought in $6.5 billion in defense revenue in 2017, the eighth most of any U.S. company and 13th most worldwide. Some of the major contracts awarded to HII in 2017 included upgrades the Arleigh Burke-class guided missile destroyer Jack H. Lucas, development on the U.S. Navy’s new Columbia-class submarines, and providing nuclear waste cleanup services at the Los Alamos National Laboratory in New Mexico.

In addition to manufacturing nuclear-powered aircraft carriers and submarines, surface combatants, amphibious assault and transport vehicles, and Coast Guard Cutters, HII offers technical solutions services in such fields as information technology and oil and gas engineering. Non-defense related activities accounted for 13% of HII revenue in 2017.

Source: JamesL3 / Getty Images

12. L-3 Technologies
> Country: United States
> Arms sales: $7.8 billion
> Total sales: $9.8 billion
> Profit: $693.0 million
> Employees: 31,000

L-3 Communications changed its name to L-3 Technologies on Dec. 31, 2016. The $7.8 billion in arms sales the company made in 2017, according to SIPRI estimates, was effectively unchanged from the previous year. The company’s operations include intelligence, surveillance, and reconnaissance products and services in the United States, Canada, Europe, and Australia. The company’s communication technology is integrated to the Predator and Global Hawk drones and is used in U.S. Army communication infrastructure. L-3 also designs power distribution systems and communication technology used by the U.S. Navy’s Virginia-class submarine.

in 2017, contracts with foreign governments totaled $1.4 billion in sales, a fraction of the $6.3 billion in contracts L-3 had with the Department of Defense.


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