Top 5 Defense Contractors in 2024

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1. Lockheed Martin Corporation (NYSE:LMT)

Country: United States

Total Revenue in 2022: $65.98 billion

Defense Revenue in 2022: $63.33 billion

Percentage Revenue from Defense: 96%

Lockheed Martin Corporation (NYSE:LMT) is the largest defense contractor in the world. It received orders of over $45 billion from the US Department of Defense in 2022, which accounted for nearly 70% of its overall revenue for the year. It is the manufacturer of the F-35 fifth-generation fighter jet – one of the most sophisticated and advanced jets in modern warfare, and one which is likely to retain its status as a cornerstone for the US Air Force for the foreseeable future.

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