15 Largest Weapon Manufacturers in the World

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1. Lockheed Martin Corporation (NYSE:LMT)

Country of Origin: United States

Total Revenue in 2022: $65.98 billion

Arms Revenue in 2022: $59.39 billion

Share of Overall Revenue: 90%

Lockheed Martin Corporation (NYSE:LMT) is the largest weapon manufacturer in the world, with over $59 billion worth of arms revenue in 2022 – three-fourths of which came from over $45 billion in DoD contracts. It is the manufacturer of the famed F-35 fifth-generation fighter jet, and the company is likely to retain its status as a cornerstone for the US Air Force as it works alongside other partners in the industry on the Next Generation Air Dominance (NGAD) program to build a sixth-generation fighter.

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