The leading arms-producing companies worldwide by sales

The biggest arms-producer in the world is the U.S. American company Lockheed Martin, based on their total arms sales in 2020. In that year, Lockheed sold more than 58 billion U.S. dollars worth on arms. Lockheed was followed by Raytheon Technologies with an arms sales value of almost 36.8 billion U.S. dollars.

Leading arms-producing and military services companies worldwide in 2020, based on arms sales (in billion U.S. dollars)

Characteristic	Sales in billion U.S. dollars
Lockheed Martin Corp.	58.21
Raytheon Technologies¹	36.78
Boeing	32.13
Northrop Grumman	30.42
General Dynamics Corp.	25.84
BAE Systems	24.02
NORINCO	17.93
AVIC	16.98
CETC²	14.61
L3Harris Technologies	14.19

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Release date

December 2021

More information

Region

Worldwide

Survey time period

2020

Supplementary notes

¹ Raytheon Technologies is the result of a merger between Raytheon Company and United Technologies Corp.

² The arms sales figure for this company is an estimate with a high degree of uncertainty.

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