5 Largest Defense Contractors in the World

2. General Electric Company (NYSE: GE)

General Electric Company (NYSE: GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston. As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance. Due to its sizable revenue of $75.619 billion in 2020, it ranks 2nd in the list of the largest defense contractors in the world.

Most of the sales of General Electric Company (NYSE: GE) military products and services are booked by its Aviation business. However, some of the company’s other businesses also sell limited military products and services. General Electric Company (NYSE: GE) military products consist of components or subsystems, consist of engines and propellers for propulsion of military aircraft and engines for military vessels, flight actuation, flight control, and mission and flight management systems for military aircraft, Moreover, the products of General Electric Company (NYSE: GE) also power generation, distribution, and conversion for military aircraft and vessels, aerostructures for military aircraft, gears and other transmission components for military aircraft and vessels, and non-explosive components and parts for weapons systems