In the context of a seemingly ever-more dangerous world, revenue from arms and military services at the world’s 100 largest defense contractors totalled $374.8 billion in 2016, a 1.9% uptick from the previous year, according to the Stockholm International Peace Research Institute (SIPRI).
Maintaining a cutting edge, state-of-the-art arsenal can act as a powerful deterrent against aggressors and can change the outcome of a conflict — and governments across the globe invest accordingly. Sales of defense contractor Lockheed Martin to the U.S. government alone totalled $35.2 billion in 2017, more than the annual budgets of many federal agencies — including the Department of the Interior and the Environmental Protection Agency.
24/7 Wall St. reviewed the 20 companies with the highest revenue from arms sales in 2016 based on the Top 100 Arms-Producing and Military Services Companies report from SIPRI. While the companies on this list span Russia and Western Europe, the United States is home to the vast majority of the largest defense contractors.
Click here to see the 20 companies profiting the most from war.
Click here to see our detailed findings and methodology.
20. Booz Allen Hamilton
> Country: United States
> Arms sales: $4.0 billion
> Total sales: $5.8 billion
> Profit: $252.0 million
> Employees: 23,300
Based in Virginia, consulting firm Booz Allen Hamilton has clients in both the private and public sectors. Once called the world’s most profitable spy organization, the company is working for several U.S. intelligence agencies, including the National Security Agency and the Department of Homeland Security, and branches of the U.S. military. While much of the company’s business is confidential, it provides intelligence and data analysis, engineering, and cybersecurity services in many aspects of defense. Defense and intelligence contracts alone accounted for over two-thirds of the company’s revenue in fiscal 2017.
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