5 Largest Defense Contractors in the World in 2022

2. Aviation Industry Corp. of China

Total revenue (in millions of dollars): 79,322

Total profits (in millions of dollars): 855

Total assets (in millions of dollars):  194,497

Total number of employees: 380,000

The biggest defense contractor in China, the Aviation Industry Corp. of China is a state-owned company which has over a hundred subsidiaries. The company was in the news for negative reasons in 2009, when the Wall Street Journal reported that the Chinese had stolen technology regarding the Joint Strike Fighter program, and the Aviation Industry Corp. of China incorporated this technology in its fighter jets.