This American aerospace and defense giant earned $80.74 billion in 2024, a 17.15% rise from 2023. Its top-earning division was Collins Aerospace, contributing $28.28 billion, solidifying RTX as the world’s largest arms manufacturer by revenue.
European aerospace leader Airbus posted $72.6 billion in 2024 revenue, a 6% increase from 2023. Its defense and space segments contributed significantly, maintaining Airbus’s strong global presence in both civilian and military aerospace markets.
U.S.-based Lockheed Martin earned $71.04 billion in 2024, with $28.62 billion from its Aeronautics division. The U.S. accounted for $52.53 billion of total revenue, reinforcing its dominance in advanced military technology and defense contracting.
American aerospace leader Boeing reported $66.52 billion in 2024 revenue, down 14% from 2023. Known for its commercial aircraft, defense systems, and space solutions, Boeing remains a key player in global aerospace and military markets.
General Dynamics, a U.S.-based defense and aerospace firm, generated $47.7 billion in 2024. It manufactures submarines, combat vehicles, and Gulfstream jets, playing a crucial role in both commercial and military defense systems worldwide.
Northrop Grumman, an American aerospace and defense company, earned $41.03 billion in 2024. A large share came from its Aeronautics Systems division, with the majority of revenue sourced from U.S. defense contracts and technologies.
Russia’s state-owned Rostec reported $34.05 billion in 2024 revenue, including $22 billion from arms manufacturing. The conglomerate develops military hardware, aircraft, and advanced weapons, playing a vital role in Russia’s defense procurement strategy.
UK-based BAE Systems earned $33.01 billion in 2024. Known for advanced defense, aerospace, and security solutions, the company supports global military capabilities and national security initiatives with cutting-edge technology and strategic defense systems.
L3Harris, a U.S. defense technology firm, reported $21.3 billion in 2024 revenue—a 10% year-over-year increase. Known for communications, electronic warfare, and surveillance systems, the company also posted 4% organic growth across key sectors.
China’s AVIC, a major state-owned aerospace and defense conglomerate, earned $11.91 billion in 2024. Headquartered in Beijing, AVIC plays a central role in China’s military aviation industry, producing aircraft, systems, and related technologies.