5 Largest Defense Contractors in the World

3. Aviation Industry Corporation of China

The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned aerospace, electronics, and defense conglomerate headquartered in Beijing. It is ranked 151st in the Fortune Global 500 list as of 2019, and has over 100 subsidiaries, 27 listed companies and 500,000 employees across the globe.

With a revenue of $65.5 billion in 2020, the Aviation Industry Corporation of China is third on the list of 20 top defense contractors in 2021. The company deals in air transport manufacturing, general aviation, helicopters, aircraft systems, automobiles, and ships. The Aviation Industry Corporation of China has produced world-renowned fighter aircrafts, fighter bomber aircrafts, helicopters, and unmanned aerial vehicles.