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24 DEF EN SEH ER E L I M A 2 0 2 3 E D I T I O N DEF EN SEH ER E L I M A E D I S I 2 0 2 3 25

TOP 15 DEFENCE BUDGETS IN 2022 (USDBN)

1. United States 766.6
2. China 242.4
3. Russia 87.9 MALAYSIA
4. United Kingdom 70.0
5. India 66.6
6. France 54.4
7. Germany 53.4
8. Japan 48.1
9. Saudi Arabia 45.6
10. Iran 44.0
11. South Korea 43.0
12. Australia 33.8
13. Italy 31.1
14. Canada 24.6
15. Brazil 23.0
Source: Military Balance 2023

Population
2022 TOP 15 DEFENCE BUDGETS AS A % OF GDP 34,219,975 (2023 est.)
1. Oman 5.9% 6. Mali 4.5% 11. UAE 4.0%
Real GDP (purchasing
2. Kuwait 5.0% 7. Morrocco 4.5% 12. Qatar 3.8%
3. Algeria 4.8% 8. Israel 4.3% 13. Azarbaijan 3.8% power parity)
4. Jordan 4.8% 9. Armenia 4.2% 14. Greece 3.5% $931.847 billion (2022 est.)
5. Saudi Arabia 4.5% 10. Russia 4.1% 15. Cambodia 3.5% $884.106 billion (2021 est.)
MILITARY $857.588 billion (2020 est.)
Source: Military Balance 2023
Oman Kuwait Algeria Jordan Saudi Mali Morocco Israel Armenia Russia UAE Qatar Azerbaijan Greece Cambodia AND SECURITY $907.832 billion (2019 est.)
Arabia

MILITARY AND ited capacity for external defence. Malaysian forces regularly par-
SECURITY FORCES In December 2019, the then-gov- ticipate in ADMM–Plus, Five Power
Malaysian Armed Forces (Angkatan ernment tabled the country’s first Defence Arrangements and other
Tentera Malaysia, ATM): Malaysian defence White Paper; this was exercises with regional and inter-
TOP 15 DEFENCE COMPANIES FOR 2022 Army (Tentera Darat Malaysia), reaffirmed by the new govern- national partners. Much of Malay-
Royal Malaysian Navy (Tentera Laut ment that took office in August sia’s military equipment is ageing
Rank Company Country Revenue from 2021 Defence 2020 Defence
2022 Defence Revenue Revenue Diraja Malaysia, TLDM), Royal Ma- 2021. The White Paper identified and there are important capability
(in millions) (in millions)
laysian Air Force (Tentera Udara the ‘three pillars’ of Malaysia’s gaps, particularly in air defence
1 Lockheed Martin U.S. 96% $64,458.00 $62,562.00
2 Raytheon Technologies U.S. 65% $41,852.20 $42,000.00 Diraja Malaysia, TUDM); Ministry defence strategy as ‘concentric and maritime surveillance. There
3 Boeing U.S. 56% $35,093.00 $32,400.00 of Home Affairs: Royal Malaysian deterrence’ (the armed forces’ are plans to acquire new light com-
4 Northrop Grumman U.S. 88% $31,429.00 $31,400.00
Police (PRMD), Malaysian Maritime protection of national interests in bat aircraft, maritime patrol air-
5 General Dynamics U.S. 80% $30,800.00 $29,800.00
6 Aviation Industry Corporation of China China 37% $30,155.22 $25,468.59 Enforcement Agency (MMEA; aka ‘core’, ‘extended’ and ‘forward’ craft and MALE UAVs. An air force
7 BAE Systems U.K. 96% $25,775.20 $23,502.38 Malaysian Coast Guard) (2023) zones); ‘comprehensive defence’ squadron was established in 2021
8 China State Shipbuilding Corporation Limited China 20% $18,517.72 $16,017.53
(involving whole-of-government to operate UAVs. Funds have been
9 China North Industries Group Corporation Limited China 22% $17,711.93 $15,249.27
10 L3Harris Technologies U.S. 84% $14,924.00 $14,936.00 and whole-of-society support for earmarked for an F/A-18D sus-
11 China Electronics Technology Group China 25% $14,659.22 $10,465.75
CAPABILITIES the national-defence effort); and tainment and upgrade programme.
12 Leonardo Italy 83% $13,878.35 $11,173.33
Modernization programmes over the ‘credible partnerships’ (involving Malaysia hosts Australian forces
13 China South Industries Group Corporation China 31% $13,744.95 $10,697.68
14 China Aerospace Science and Industry Corporation China 32% $13,125.11 $12,060.26 past 30 years have provided the engagement in regional and wider and the headquarters of the FPDA
15 Airbus Netherlands/France 18% $10,853.55 $12,004.28
Malaysian armed forces with a lim- international defence cooperation). Integrated Area Defence System at
Source: Defencenews