1. Lockheed Martin Corporation (NYSE:LMT)
Perhaps the biggest name in the military-industrial complex, Lockheed Martin has produced countless weapons for the military, such as F-22 and F-35 fighter jets, C-130 transport aircraft, U-2 reconnaisance jets, Hellfire and Javelin missiles, and many more. The company’s reputation as an innovator in the defense industry is reinforced by the popularity of its advanced development projects program called “Skunk Works,” now a term widely used for innovation units within huge companies. With $40.60 billion in defense revenues (88% of the total amount), Lockheed Martin leads this list of the 10 biggest defense contractors in the world.
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