Special Report
The World's Fastest-Growing Weapons Manufacturers
May 19, 2023 11:13 am
Last Updated: May 19, 2023 11:15 am
20. Oshkosh Corporation (United States)
> Defense-related revenue growth, 2017 to 2021: +24.9%
> Defense-related revenue, 2021: $2.5 billion (32.7% of total revenue)
> Defense-related revenue, 2017: $2.0 billion (26.9% of total revenue)
> Founded: 1917
> Notable business: Joint Light Tactical Vehicle (JLTV)
19. Lockheed Martin Corporation (United States)
> Defense-related revenue growth, 2017 to 2021: +24.9%
> Defense-related revenue, 2021: $60.3 billion (90.0% of total revenue)
> Defense-related revenue, 2017: $48.3 billion (87.8% of total revenue)
> Founded: 1995
> Notable business: F-35 Lightning II
24/7 Wall St.
Source: Public Domain / Wikimedia Commons
18. Hensoldt (Germany)
> Defense-related revenue growth, 2017 to 2021: +27.8%
> Defense-related revenue, 2021: $1.6 billion (92.4% of total revenue)
> Defense-related revenue, 2017: $1.3 billion (92.4% of total revenue)
> Founded: 2017
> Notable business: Kalaetron Attack
17. Serco Group (United Kingdom)
> Defense-related revenue growth, 2017 to 2021: +30.1%
> Defense-related revenue, 2021: $1.9 billion (29.2% of total revenue)
> Defense-related revenue, 2017: $1.4 billion (29.5% of total revenue)
> Founded: 1929
> Notable business: Ballistic Missile Early Warning System (BMEWS)
Source: Public Domain / Wikimedia Commons
16. MBDA (France)
> Defense-related revenue growth, 2017 to 2021: +31.8%
> Defense-related revenue, 2021: $5.0 billion (99.1% of total revenue)
> Defense-related revenue, 2017: $3.8 billion (96.5% of total revenue)
> Founded: 2001
> Notable business: Meteor missile
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