In this article, we will discuss the 5 Biggest Defense Equipment Companies in the World. If you want to read our analysis of the defense equipment industry, you can head on to the 15 Biggest Defense Equipment Companies in the World.
5. Northrop Grumman Corporation (NYSE:NOC)
Market Cap: $81.46 billion
Hedge Fund Holders: 45
Based in Virginia, Northrop Grumman Corporation (NYSE:NOC) serves the aeronautics, defense, space, and cyberspace industry. Its service footprint extends beyond the U.S to 25 countries, including the U.K, Australia, South Korea, Japan, and the Middle East. The company holds a global employee base of 90,000 individuals and boasts more than 550 centers throughout the U.S.
Northrop Grumman Corporation (NYSE:NOC) has had an amazing 2022, and the company’s stock is up 37.05% YTD as of November 03, 2022. The war in Ukraine has presented itself as a tailwind for the demand for the company’s products and increased funding for defense equipment.
4. The Boeing Company (NYSE:BA)
Market Cap: $92.93 billion
Hedge Fund Holders: 51
Headquartered in Chicago, U.S, The Boeing Company (NYSE:BA) is the leading global aerospace and defense company and among U.S’s largest exporters. The Boeing Company (NYSE:BA) has two key business segments: space & security and military aircraft. It is involved in the development and manufacturing of commercial planes, space systems, military aircraft & defense goods. It serves airlines, the U.S government, and allied government clients globally. Its employee base comprises about 160,000 individuals across 65 countries.
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.
2. Honeywell International Inc. (NYSE:HON)
Market Cap: $138.07 billion
Hedge Fund Holders: 42
Headquartered in North Carolina, Honeywell International Inc. (NYSE:HON) is an American global company engaged in the manufacturing of automotive and aerospace products and the provision of building technologies and performance materials, serving a diverse range of industries. The company runs four business segments: Honeywell Aerospace, Honeywell Building Technologies, Safety and Productivity Solutions (SPS), and Performance Materials and Technologies (PMT). The company makes fighting systems, marine systems, helicopter systems and other advanced defense equipment and sells it all over the world.
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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