Which companies are the largest arms producers in the world?
For the first time in more than 30 years, and in a confidential presentation, the United States unveiled a new strategic bomber of the 21st century on Friday. The nuclear-capable B-21 Raider is expected to enter service in 2027 and is seen as an important part of the US response to China's military growth. The estimated cost was also revealed: The plane's manufacturer, Northrop Grumman, can count on $700 million per aircraft.
Many other companies will also profit from the project: the arms manufacturer said 400 suppliers are involved in the project. One of them is Raytheon Technologies, whose Pratt & Whitney subsidiary will produce the engines for the new stealth jet.
Both Northrop Grunman and Raytheon feature in the rankings of the largest arms manufacturers in the world. Despite a 6% decline in arms sales for Northrop Grunman, the aerospace and defense technology company generated $30 billion in 2021, making it the fourth largest in the world in this respect. Raytheon's arms sales grew nine percent to $42 billion, trailing only Lockheed Martin's $60 billion.
Two Chinese companies also feature in the rankings: both recorded strong growth in 2021, and Norinco and AVIC had arms sales of more than $40 billion last year. We note that no EU company is present, yet another failure, even in this sector, of European industrial policies.
According to the source, the Stockholm International Peace Research Institute (SIPRI), arms sales of the world's 100 largest arms companies grew by 1.9 percent to $592 billion in 2021, despite supply chain problems.
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The article Which companies are the largest arms producers in the world? comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/quali-societa-sono-i-maggiori-produttori-di-armi-al-mondo/ on Sat, 10 Dec 2022 08:44:13 +0000.