Where Data Tells the Story
© Voronoi 2025. All rights reserved.
What we’re showing
This graphic ranks the world’s 15 largest defense companies, sorted by their 2022 revenues. We used revenues from defense activities, and not total revenues.
Key takeaway
11 of the top 15 companies by defense revenues belong to the U.S. or China. Both of these countries also happen to have the world’s two largest military budgets.
Context