10 Biggest Arms Producing Companies In The World
BANGALORE: Amidst worldwide financial crisis, the arms and defense sector has still put on a show for success and will continue to do the same in the future. Countries like U.S. and Russia have emerged as the biggest beneficiaries of this trend and have made a clear lead, emerging as the largest single arms manufacturers in the world. These biggies have witnessed an upsurge in this business post the Second World War and are making money hand over fist by producing and selling military weapons.
Here are the 10 biggest arms developing companies in the world ranked on the basis of sales. India’s HAL, however scales up to the 38th rank amongst top 100 companies, reports the Richest.
Lockheed Martin (U.S.): $35.49 billion
Lockheed Martin, the largest defense contractor, leads way ahead of all in arms sales thereby securing the number 1 rank on this list. This company has a seating for missiles, computer systems and sensors.
The company hits the sky with its C-130 Hercules, C-5 Galaxy, F-16 Fighting Falcon, F-22 Raptor and F-35 Lightning II while it remains grounded with its M270 rocket launcher. The company sails deep with specializing vessels for navy. Lockheed Martin also has the prospective Ageis combat system and is also home to the Trident submarine launched ballistic missile.
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