The United States dominates global defense expenditures so it is no surprise that 44 of the Top 100 defense companies in the world are American, including 5 of the top 6 (UK’s BAE is the only exception). India has two entries on the list, state-owned entities,Hindustan Aeronautics Ltd. (HAL) and Bharat Electronics Ltd. (BEL); both moved up in the DN100 rankings bouyed by increased Indian defense spending. No China company figure on the list, but this may be because information about China defense companies is not published. Among the other so-called BRIC countries, Brazil had just one company listed, but Russia had 9. Russia companies are major supplier to India’s defense infrastructure.
Last updated: July 10th, 2024
