5 Biggest Defense Equipment Companies in the World

3. Lockheed Martin Corporation (NYSE:LMT)

Market Cap: $126.33 billion

Hedge Fund Holders: 55

Lockheed Martin Corporation (NYSE:LMT) is the largest defense contractor in the U.S and operates in aeronautics, missiles and fire control, rotary and mission systems, and space segments. The company holds an employee base of 114,000 individuals globally. Its supplier network is spread across more than 60 countries.

Despite the sell-off in the equity market, Lockheed Martin Corporation (NYSE:LMT) has done well in 2022, and the stock is up 37.4% YTD as of November 03, 2022. In its last earnings call, the management stated that the robust international and domestic demand has resulted in a backlog of orders for the company.