Page 28 - 8.Sayı

26 D EF EN S EH ER E D S A 2 0 2 4 E D I T I O N

TOP 15 DEFENCE BUDGETS IN 2022 (USDBN)
1. United States 766.6
2. China 242.4
3. Russia 87.9
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

2022 TOP 15 DEFENCE BUDGETS AS A % OF GDP

1. Oman 5.9% 6. Mali 4.5% 11. UAE 4.0%
2. Kuwait 5.0% 7. Morrocco 4.5% 12. Qatar 3.8%
3. Algeria 4.8% 8. Israel 4.3% 13. Azarbaijan 3.8%
4. Jordan 4.8% 9. Armenia 4.2% 14. Greece 3.5%
5. Saudi Arabia 4.5% 10. Russia 4.1% 15. Cambodia 3.5%
Source: Military Balance 2023

TOP 15 DEFENCE COMPANIES FOR 2022

Rank Company Country Revenue from 2021 Defence 2020 Defence
2022 Defence Revenue Revenue
(in millions) (in millions)
1 Lockheed Martin U.S. 96% $64,458.00 $62,562.00
2 Raytheon Technologies U.S. 65% $41,852.20 $42,000.00
3 Boeing U.S. 56% $35,093.00 $32,400.00
4 Northrop Grumman U.S. 88% $31,429.00 $31,400.00
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
7 BAE Systems U.K. 96% $25,775.20 $23,502.38
8 China State Shipbuilding Corporation Limited China 20% $18,517.72 $16,017.53
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
11 China Electronics Technology Group China 25% $14,659.22 $10,465.75
12 Leonardo Italy 83% $13,878.35 $11,173.33
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
15 Airbus Netherlands/France 18% $10,853.55 $12,004.28
Source: Defencenews