Largest defense contractors by market capitalization

By Nicole Green

Last Updated:

Rank Logo Name Ticker Market Cap Price Today % Country
1 RTX RTX $212.29 B $158.60 1.28% USA
2 Safran SAF.PA $139.45 B $333.10 1.01% France
3 Honeywell HON $139.35 B $219.50 0.84% USA
4 Lockheed Martin LMT $106.37 B $455.63 0.12% USA
5 Rheinmetall RHM.F $87.91 B $1,970 2.56% Germany
6 General Dynamics GD $87.30 B $324.57 0.10% USA
7 Northrop Grumman NOC $84.48 B $590.04 0.36% USA
8 BAE Systems BA.L $69.39 B $23.73 0.54% UK
9 Thales HO.PA $54.42 B $263.30 0.35% France
10 L3Harris Technologies LHX $51.94 B $277.62 0.21% USA
11 Hindustan Aeronautics HAL.NS $32.88 B $49.17 0.28% India
12 Leonardo LDO.MI $32.84 B $56.97 0.77% Italy
13 Bharat Electronics BEL.NS $30.64 B $4.19 1.53% India
14 SAAB AB SAAB-B.ST $30.24 B $56.60 0.72% Sweden
15 Kongsberg Gruppen KOG.OL $26.25 B $29.85 1.10% Norway
16 China National Nuclear Power 601985.SS $25.70 B $1.25 1.33% China
17 AVIC Shenyang Aircraft Company Limited 600760.SS $25.23 B $8.90 2.16% China
18 Dassault Aviation AM.PA $24.75 B $315.68 0.52% France
19 China State Shipbuilding Corporation (CSSC) 600150.SS $23.44 B $5.24 1.52% China
20 Elbit Systems ESLT $22.27 B $480.21 1.00% Israel
21 Aselsan ASELS.IS $20.33 B $4.46 0.27% Turkey
22 Hensoldt HAG.F $12.15 B $103.18 2.62% Germany
23 AeroVironment AVAV $12.05 B $241.35 3.05% USA
24 Kratos Defense & Security Solutions KTOS $11.11 B $65.84 3.90% USA
25 Leonardo DRS DRS $11.08 B $41.66 1.91% USA
26 Huntington Ingalls Industries HII $10.62 B $270.79 1.14% USA
27 LIG Nex1 079550.KS $7.68 B $352.47 1.51% S. Korea
28 Indra Sistemas IDR.MC $7.08 B $40.31 0.12% Spain
29 Hanwha Systems 272210.KS $6.85 B $36.65 0.97% S. Korea
30 Bharat Dynamics BDL.NS $5.97 B $16.29 0.48% India
31 Mercury Systems MRCY $4.04 B $67.55 1.39% USA
32 QinetiQ QQ.L $3.48 B $6.42 0.34% UK
33 NextVision Stabilized Systems NXSN.TA $3.39 B $41.62 2.39% Israel
34 VSE Corporation VSEC $3.35 B $162.40 0.40% USA
35 H&K AG (Heckler & Koch) MLHK.PA $2.69 B $76.00 9.24% Germany
36 DroneShield DRO.AX $1.88 B $2.16 0.92% Australia
37 V2X VVX $1.81 B $57.50 0.45% USA
38 Voyager Technologies VOYG $1.80 B $30.69 1.13% USA
39 Red Cat Holdings RCAT $0.89 B $8.94 1.11% USA
40 MilDef Group MILDEF.ST $0.76 B $16.26 0.92% Sweden
41 Avon Protection AVON.L $0.76 B $25.73 1.55% UK
42 Sturm, Ruger & Co RGR $0.56 B $34.67 0.38% USA
43 TAT Technologies TATT $0.46 B $36.45 3.39% Israel
44 Lubawa LBW.WA $0.36 B $2.44 0.85% Poland
45 Civitanavi Systems CNS.MI $0.20 B $6.64 0.00% Italy
46 AMMO POWW $0.16 B $1.43 0.69% USA
47 NSE SA ALNSE.PA $0.16 B $47.47 3.31% France
48 VEEM Ltd VEE.AX $0.10 B $0.75 7.04% Australia

*This list highlights the leading companies in this category, ranked by their market value. Only publicly traded companies are included, since private companies don’t share enough financial details to estimate their value.

Market capitalization (or market cap) is the total value of a public company. It’s usually calculated by multiplying the company’s share price by the number of shares available.

Stock prices may not always be live and can be delayed from a few minutes to several hours.

All company logos are owned by their respective copyright holders and are shown here for editorial use only.