Top 5 Defense Contractors in the World in 2023

1. Lockheed Martin Corporation (NYSE:LMT)

2022 Revenue (millions of USD): $65,984

2022 DoD contracts (millions of USD): $45,678

Lockheed Martin Corporation (NYSE:LMT) is the number one defense contractor in the world. It had a revenue of nearly $66 billion in 2022, of which more than $45 billion were orders from the U.S. Department of Defense. It is the manufacturer of the fifth-generation stealth fighter jet, F-35, which is likely to remain a cornerstone of the U.S. military for decades to come. Earlier this year, Pentagon awarded a $7.8 billion modification contract to Lockheed Martin Corporation for 126 F-35 aircrafts, which is an indication that the company is going to remain one of the top defense contractors in the world in 2023 as well.

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