Who is the largest defense contractor in 2022?

In 2022, the largest Department of Defense contractor was Lockheed Martin, with a contract value of about 46.21 billion U.S. dollars. Raytheon Technologies was the second largest contractor that year, with a contract value of around 26.13 billion U.S. dollars. Get notified via email when this statistic is updated.

Which companies generate revenue from non-defense related industries & sectors?

This is because many companies such as Boeing also generate revenue from non-defense related industries and sectors. The data we used to create this graphic is listed in the table below. The U.S. and China are the most represented countries on this list, with 12 and four respective companies in the top 25.

How did Raytheon become a major defense contractor?

Raytheon Technologies With the merger of two of the largest defense contractors, Raytheon Company and United Technologies, Raytheon Technologies quickly became a top aerospace and defense contractor in the United States. The firm manufactures weaponry, electronics, bombs, guided missile defense systems, and other tactical equipment.