In this article, we will discuss the 5 biggest defense companies in Asia. If you want to read our analysis, you can proceed to the section highlighting the 15 Biggest Defense Companies in Asia.
5. China Shipbuilding Industry Company Limited (CSIC) (SHA:601989)
Market Cap: $14.64 billion
China Shipbuilding Industry Company Limited (CSIC) (SHA:601989) is one of the largest shipbuilding conglomerates in China, specializing in the design, construction, and repair of various types of vessels, including naval ships, commercial vessels, and offshore platforms. China Shipbuilding Industry Company Limited (CSIC) (SHA:601989) has a strong focus on research and development and contributes significantly to China’s maritime defense capabilities. As of April 2, China Shipbuilding Industry Company Limited (CSIC) (SHA:601989) has a market cap of $14.64 billion.
4. Bharat Electronics Limited (NSE:BEL)
Market Cap: $19.46 billion
Bharat Electronics Limited (NSE:BEL) is the biggest Indian defense company headquartered in Bangalore. Bharat Electronics Limited (NSE:BEL) has a diverse portfolio of products and solutions ranging from radars and communication systems to electronic warfare equipment and missile systems. As of April 2, Bharat Electronics Limited (NSE:BEL) has a market cap of $19.46 billion.
3. Hindustan Aeronautics Limited (NSE:HAL)
Market Cap: $28.57 billion
Hindustan Aeronautics Limited (NSE:HAL) is the biggest and oldest defense company in Asia. Hindustan Aeronautics Limited (NSE:HAL) specializes in the manufacturing and maintenance of aircraft, helicopters, engines, avionics, and defense systems. Hindustan Aeronautics Limited (NSE:HAL) has a market capitalization of $28.57 billion, as of April 2.
2. China State Shipbuilding Corp. (CSSC)
Revenue in 2023: $51.79 billion
China State Shipbuilding Corp. (CSSC) is a state-owned corporation in China and one the largest shipbuilding companies in the world. China State Shipbuilding Corp. (CSSC) operates various shipyards, manufacturing facilities, research institutes, and shipbuilding-related companies that build both civilian and military ships, contributing to China’s naval and commercial shipping sector. According to Fortune, China State Shipbuilding Corp. (CSSC) generated a revenue of $51.79 billion in 2023.
1. Larsen & Toubro Limited (NSE:LT)
Market Cap: $63.16 billion
Larsen & Toubro Limited (NSE:LT), one of the biggest companies in India is engaged in a diverse range of industries such as infrastructure, power, heavy engineering, defense engineering, and financial services. Larsen & Toubro Limited (NSE:LT) produces equipment, systems, and platforms for the defense and aerospace industries including land-based weapon launch systems, air defense and artillery systems, naval weapon launch systems with fire control solutions, bridging systems, communication, avionics, C4I, and missile systems. As of April 2, Larsen & Toubro Limited (NSE:LT) is valued at $63.16 billion.
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