10 largest defence companies in the world

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The defence market includes producing, procuring and supporting military hardware and services. It covers military aircraft, naval vessels and ground vehicles, among others. Image: Shutterstock

In 2024, the global defence industry had a market size of $491.06 billion, which is expected to grow to $676.64 billion by 2029. Source: thebusinessresearchcompany.com, Img: Shutterstock

Here are the 10 biggest defence contractors in the world by market capitalisation! Market capitalisation as of May 6, 2025, Img: Shutterstock

10. L3Harris Technologies

Market cap: $40.87 billion Country: USA Image: Shutterstock

9. Thales

Market cap: $58.37 billion Country: France Image: thalesgroup.com

8. BAE Systems

Market cap: $69.34 billion Country: UK Image: Shutterstock

7. Northrop Grumman

Market cap: $71 billion Country: USA Image: Shutterstock

6. General Dynamics

Market cap: $73.04 billion Country: USA Image: Shutterstock

5. Rheinmetall

Market cap: $81.54 billion Country: Germany Image: wikipedia.org/Dacse

4. Lockheed Martin

Market cap: $110.48 billion Country: USA Image: wikipedia.org/Coolcaesar

3. Safran

Market cap: $115.47 billion Country: France Image: safran-group.com

2. Honeywell

Market cap: $137.81 billion Country: USA Image: honeywell.com

1. RTX

Market cap: $171.78 billion Country: USA Image: Shutterstock

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