For this episode of the Security Clearance Careers Podcast, Jill Hamilton and Katie Keller walk through the top global defense companies and how they performed in FY21.
Defense Contractors with the Highest Revenue
The war in Ukraine has sparked foreign military sales and spending for defense contracting companies – but we focus on the top 10 U.S.-based companies that made the list . It looks quite similar to last year, but there are some big changes.
1. Lockheed Martin
Lockheed is not surprising, especially since their 2021 defense revenue was 64,458,000. Daily, they are generally awarded a defense contract valued at $7 million and above. Their work with the F-35 is notorious, and their stock recently rose a bit.
Coming in at $35,093,000 in revenue is another household name – Boeing. Recently, they had a huge hiring spree in San Antonino and secured a $278 million deal to aid F/A 18 aircrafts.
4. Northrop Grumman
Northrop Grumman was recently awarded an Improvised Explosive Device Electronic Warfare Contract and their IT hiring needs saw a boost, as well.
5. General Dynamics
At $30.8 million, General Dynamics saw a 3% increase in revenue from the 2020 numbers.
6. BAE Systems
With $25.8 million in defense revenue, BAE was recently awarded a contract for Amphibious Combat Vehicles.
7. L3 Harris
L3 saw almost $15 million in defense revenue which is about the same to the year prior. And 84% of their revenue comes from the defense sector.
8. Huntington Ingalls
HII has plenty of job opportunities that helped them to reach the top 10 defense contractors with the most revenue . They have a large presence with the US Navy, and many blue collared jobs working in ship yards.
An American government and commercial services contractor, at $5.9 million revenue in defense markets, the company was born out of AECOM in 2020.
For the full list of 100 defense contractors and foreign entities supporting the Department of Defense, visit Defense News.