Top 5 Defense Contractors in the World in 2023

2. Raytheon Technologies Corporation (NYSE:RTX)

2022 Revenue (millions of USD): $67,074

2022 DoD contracts (millions of USD): $25,371

Raytheon Technologies Corporation (NYSE:RTX) is an aerospace and defense conglomerate headquartered in Virginia. It is the second largest federal defense contractor in the United States after Lockheed Martin Corporation (NYSE:LMT). In 2022, it generated a revenue of $67 billion – the highest for any American defense company. Raytheon’s operating profits are also up by 9.2% compared to last year.