Where Data Tells the Story
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This chart ranks the largest global defense contractors by market value, while breaking them down by headquarters country and industry focus. The visual makes it clear that U.S. giants dominate the leaderboard, with firms like Lockheed Martin, Northrop Grumman, and RTX setting the pace. European players — notably BAE Systems (UK) — hold strong.
Key takeaway:
The defense industry’s market power is highly concentrated, with a handful of U.S. companies accounting for the majority of the total value.
Analysis: