5 Biggest Defense Equipment Companies in the World

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1. Raytheon Technologies Corporation (NYSE:RTX)

Market Cap: $138.40 billion

Hedge Fund Holders: 45

Founded in 1922, Raytheon Technologies Corporation (NYSE:RTX) is a company operating in the aviation and defense industry. The company merged with United Technologies in 2020, allowing it to become one of the most sophisticated defense and aerospace systems providers. It operates four business units, namely Collins Aerospace, Raytheon Intelligence & Space, Raytheon Missiles & Defense, and Pratt & Whitney. The company boasts a worldwide employee base of 195,000 individuals, including 60,000 scientists and engineers.

Although Raytheon Technologies Corporation (NYSE:RTX) has been experiencing strong growth across all its segments as spending in the defense sector continues to increase, the management remains concerned about the supply-chain constraints and recently reduced its revenue guidance for 2022 in light of the supply constraints.

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