August 8, 2022
During the furor over Nancy Pelosi’s incendiary Taiwan visit last week, I was watching an appearance by Antiwar’s Dave DeCamp on the show Rising which brought up the under-discussed point that US officials going to Taipei is actually a continuation of a trend that had already been happening under the Trump administration.
“That started happening regularly after August 2020 when President Trump sent Alex Azar to Taiwan,” DeCamp said. “He was his health secretary. He was the highest-level cabinet official to visit Taiwan since 1979. The following month, in September 2020, they sent Keith Krach. He was the undersecretary for economics in the State Department, and he was the highest-level State Department official to visit Taiwan since 1979. So these are unprecedented steps, and since then we’ve seen more Chinese military activity in the region.”
Later in the interview Rising’s Briahna Joy Gray asked DeCamp if these escalations against China from the Trump administration into the Biden administration were a “kind of blob foreign policy decision that is not partisan.” DeCamp explained how in 2018 the US military began officially transitioning from emphasis on “counter-terrorism” in the Middle East toward “great power competition” with China and Russia, with the ultimate target being China.
“If you look at all the really hawkish think tanks in Washington that are funded by the arms industry, it’s all about this so-called great power competition,” DeCamp said. “Russia right now seems to be the more imminent issue I guess, but China seems to be in the long run. And we’ve seen this from just about every government agency — the Pentagon, the FBI, the State Department, the CIA — say that China is the long-term so-called threat. And we’ve seen Biden say this, and this is kind of the name of the game in Washington right now.”
In the lead-up to Pelosi’s visit, Moon of Alabama spotlighted this strange phenomenon where US foreign policy moves along the same trajectory regardless of political party or election results with a collection of recent articles that have all raised this subject independently. This one from Naked Capitalism stands out the most right now:
“National leaders never have complete freedom to act; even autocrats have constituencies or power blocs they have to appease. In the US, it has become clear that the President has limited degrees of freedom on foreign policy matters; the military/intel interests call the shots. Mind you, there are factions so a President can push the needle to a degree; that’s why, for instance, Obama was able to check Clinton’s plans to escalate in Syria. But the flip side is that Presidents who want to improve relations with pet enemies get nowhere. In the Oliver Stone interviews, Putin recounts how he had productive discussions with Bush and they agreed on concrete de-escalation measures. Follow ups were unanswered. Eventually Putin got a written bafflespeak climbdown. That and other examples led Putin to conclude that US presidents are hostage to bureaucratic and commercial interests.
Biden is a visibly very weak president. And it appears that that has enabled the neocons to have an even bigger say over foreign policy than usual.
One assumes Xi has to understand that. Yet the Chinese readout has Xi starting from lofty first principles to contend that the US and China, as leading world powers, have a duty to promote peace, global development, and prosperity. From that, Xi reasons that seeing China as a strategic rival is “misperceiving” US-China relations and misleading the world community.
Who is Xi talking to when he goes on like that? It certainly is not to Biden.”
An example of the aforementioned comments by Putin was when Oliver Stone asked him, “You’ve gone through four U.S. presidents: Clinton, Bush, Obama and now Trump. What changes?”
“Almost nothing. Your bureaucracy is very strong and it is that bureaucracy that rules the world,” Putin replied.
It’s that “bureaucracy” that is responsible for the fact that the US-centralized empire continues to move in the same way along the same trajectory regardless of political parties and election results.
Nobody elects that bureaucracy. You can’t even see most of it behind the veils of government and corporate secrecy. You can study it your whole life and at best you’ll come away with a list of opaque government agencies, longtime military and intelligence operatives, plutocrats, corporations, banks and financial institutions, war profiteers, think tanks, lobbying firms and NGOs with ties to different nations and governments around the world, but exactly who is responsible for what specific decisions behind each specific move of the empire will remain shrouded in mystery to you. It’s just a jumble of names and words with no useful application.
Westerners are fond of crowing about the freedom they have to criticize their president or prime minister in whatever way they want, saying that if you tried to criticize the leadership of one of the foreign regimes we are all trained to hate you would be thrown in jail for it.
And depending on the nation that may be true, but is it really “freedom” to be able to criticize an elected official who is nothing more than a figurehead? Sure, you can criticize the president all you want. You can stick googly eyes on a sock and criticize that all you want, too; it will make the same amount of difference. At least people who live under more overtly authoritarian governments know who rules over them and who’s calling the shots. In that sense, they have more freedom than us.
As an Australian I know live in a member state of the US-centralized empire which is functionally just a US military base with kangaroos, but I can’t see who’s making the actual decisions about how the empire will act, how capitalism will move, and whether my children will be conscripted into the military to fight some idiotic war with China provoked over Taiwan or the Solomon Islands. If I were Chinese I would know exactly who is ultimately responsible for making the important decisions about economics and foreign policy in my country, but as an Australian I don’t get to know those things.
The truth is westerners live in a giant empire loosely centralized around the United States whose operations they have literally no influence over, whose operators they’re not even allowed to know, and whose mechanisms are entirely hidden. If you call that freedom, I call you a fool.
We can see that the empire moves the same way on important matters regardless of who we elect by simple naked-eye observation of the empire’s behaviors from year to year. We can also see it in the fact that the official leader of the most powerful government on earth is obviously suffering from some kind of dementia and is clearly not the one calling the shots.
All this makes me wonder: at what point will foreign leaders begin demanding to speak to those who are calling the shots? At what point do Vladimir Putin and Xi Jinping begin saying, “No, we’re not doing another fake phone call with America’s fake government. Put me in touch with the actual people who are responsible for the issues I am concerned about. Who is making the actual decisions on these specific matters? Let me talk to them. I demand to speak to your real government.”
| TOP HUNDRED DEFENSE FIMS | |||||||||
| This year's rank | Last Year's Rank | Company | Leadership | Country | 2021 Defense Revenue (in millions) | 2020 Defense Revenue (in millions) | % Defense Revenue Change | 2021 Total Revenue (in millions) | Revenue From Defense |
| 1 | 1 | Lockheed Martin 1 2 | James D. Taiclet, Chairman, President and CEO | U.S. | $64,458.00 | $62,562.00 | 3% | $67,044.00 | 96% |
| 2 | 2 | Raytheon Technologies 1 | Gregory J. Hayes, Chairman and CEO | U.S. | $41,852.20 | $42,000.00 | 0% | $64,388.00 | 65% |
| 3 | 3 | Boeing | David Calhoun, President and CEO | U.S. | $35,093.00 | $32,400.00 | 8% | $62,286.00 | 56% |
| 4 | 4 | Northrop Grumman | Kathy J. Warden, Chair, CEO and President | U.S. | $31,429.00 | $31,400.00 | 0% | $35,667.00 | 88% |
| 5 | 5 | General Dynamics | Phebe Novakovic, Chairman and CEO | U.S. | $30,800.00 | $29,800.00 | 3% | $38,500.00 | 80% |
| 6 | 6 | Aviation Industry Corporation of China | Tan Ruisong, Chairman of the Board, and Hao Zhaoping, Director and General Manager * | China | $30,155.22 | $25,468.59 | 18% | $80,424.24 | 37% |
| 7 | 7 | BAE Systems 1 | Charles Woodburn, Group CEO | U.K. | $25,775.20 | $23,502.38 | 10% | $26,849.16 | 96% |
| 8 | 10 | China State Shipbuilding Corporation Limited 3 | Lei Fanpei, Chairman, and Yang Jincheng, Director and General Manager | China | $18,517.72 | $16,017.53 | 16% | $92,573.10 | 20% |
| 9 | 8 | China North Industries Group Corporation Limited | Liu Shiquan, Chairman, and Liu Dashan, President * | China | $17,711.93 | $15,249.27 | 16% | $81,648.42 | 22% |
| 10 | 9 | L3Harris Technologies 4 | Christopher E. Kubasik, Vice Chair and CEO * | U.S. | $14,924.00 | $14,936.00 | 0% | $17,814.00 | 84% |
| 11 | 15 | China Electronics Technology Group 5 | Xiong Qunli, Chairman, and Wu Manqing, President | China | $14,659.22 | $10,465.75 | 40% | $57,629.62 | 25% |
| 12 | 13 | Leonardo | Alessandro Profumo, CEO | Italy | $13,878.35 | $11,173.33 | 24% | $16,720.97 | 83% |
| 13 | 14 | China South Industries Group Corporation | Xu Xianping, Chairman of the Group and Secretary of the Party Committee, and Chen Guoying, Director and General Manager * | China | $13,744.95 | $10,697.68 | 28% | $44,349.55 | 31% |
| 14 | 11 | China Aerospace Science and Industry Corporation | Yuan Jie, Chairman, and Wei Yiyin, Deputy General Manager * | China | $13,125.11 | $12,060.26 | 9% | $41,033.41 | 32% |
| 15 | 12 | Airbus 6 | Guillaume Faury, CEO | Netherlands/France | $10,853.55 | $12,004.28 | -10% | $61,689.56 | 18% |
| 16 | 16 | Thales | Patrice Caine, Chairman and CEO | France | $10,212.39 | $9,228.36 | 11% | $19,154.29 | 53% |
| 17 | 17 | HII 7 | Christopher Kastner, President and CEO * | U.S. | $9,475.00 | $8,654.37 | 9% | $9,524.00 | 99% |
| 18 | 18 | China Aerospace Science and Technology Corporation | Wu Yansheng, Chairman, and Zhang Zhongyang, Director and General Manager * | China | $9,344.09 | $8,305.92 | 12% | $43,636.74 | 21% |
| 19 | 19 | Leidos | Roger Krone, Chairman and CEO | U.S. | $8,032.00 | $7,341.00 | 9% | $13,737.00 | 58% |
| 20 | 34 | Dassault Aviation 8 | Eric Trappier, Chairman and CEO | France | $6,151.33 | $3,724.44 | 65% | $8,517.23 | 72% |
| 21 | 23 | Amentum 9 | John Heller, CEO * | U.S. | $5,900.00 | $5,000.00 | 18% | $9,200.00 | 64% |
| 22 | 22 | Booz Allen Hamilton | Horacio D. Rozanski, President and CEO | U.S. | $5,528.51 | $5,470.21 | 1% | $8,363.70 | 66% |
| 23 | 21 | Honeywell 10 | Darius Adamczyk, Chairman and CEO | U.S. | $5,151.00 | $5,826.00 | -12% | $34,392.00 | 15% |
| 24 | 32 | Mitsubishi Group 11 | Katsuya Nakanishi, President and CEO * | Japan | $5,004.36 | $3,788.12 | 32% | $8,350.31 | 60% |
| 25 | 96 | Peraton 12 | Stu Shea, Chairman, President and CEO | U.S. | $5,000.00 | $651.20 | 668% | $7,200.00 | 69% |
| 26 | 26 | Safran 1 | Olivier Andries, CEO | France | $4,981.39 | $4,707.20 | 6% | $18,048.24 | 28% |
| 27 | 25 | Rolls-Royce | Warren East, Chief Executive | U.K. | $4,972.07 | $4,863.94 | 2% | $15,056.49 | 33% |
| 28 | 33 | Naval Group | Pierre Eric Pommellet, Chairman and CEO | France | $4,850.09 | $3,766.68 | 29% | $4,850.09 | 100% |
| 29 | 29 | Rheinmetall AG 13 | Armin Papperger, CEO | Germany | $4,788.57 | $4,249.50 | 13% | $6,693.12 | 72% |
| 30 | 28 | Hanwha | Seung Youn Kim, Chairman | South Korea | $4,786.92 | $4,293.68 | 11% | $7,167.68 | 67% |
| 31 | 30 | Elbit Systems | Bezhalel Machlis, President and CEO | Israel | $4,770.76 | $4,222.70 | 13% | $5,278.52 | 90% |
| 32 | 45 | KBR | Stuart Bradie, President and CEO | U.S. | $4,723.78 | $2,739.74 | 72% | $7,338.68 | 64% |
| 33 | 31 | CACI International | John Mengucci, President and CEO | U.S. | $4,185.29 | $3,999.26 | 5% | $6,044.14 | 69% |
| 34 | 27 | General Electric 14 | H. Lawrence Culp Jr., Chairman and CEO | U.S. | $4,136.00 | $4,572.00 | -10% | $74,196.00 | 6% |
| 35 | 36 | Saab AB | Micael Johansson, President and CEO | Sweden | $4,107.09 | $3,385.41 | 21% | $4,563.52 | 90% |
| 36 | 42 | Tactical Missiles Corporation JSC | Boris Obnosov, Director General | Russia | $3,960.79 | $2,919.63 | 36% | $4,040.85 | 98% |
| 37 | 37 | Israel Aerospace Industries | Boaz Levy, President and CEO | Israel | $3,867.00 | $3,325.00 | 16% | $4,477.00 | 86% |
| 38 | 38 | SAIC 15 | Nazzic Keene, CEO | U.S. | $3,578.00 | $3,292.00 | 9% | $7,394.00 | 48% |
| 39 | 35 | Textron Inc. 1 16 | Scott C. Donnelly, Chairman, President and CEO | U.S. | $3,219.32 | $3,449.00 | -7% | $12,382.00 | 26% |
| 40 | 43 | KNDS 17 | Frank Haun, CEO | Netherlands | $3,173.85 | $2,898.06 | 10% | $3,173.85 | 100% |
| 41 | 44 | Rafael Advanced Defense Systems 18 | Yoav Har-Even, President and CEO | Israel | $3,059.26 | $2,787.58 | 0% | $3,059.26 | 100% |
| 42 | 41 | Hindustan Aeronautics Limited | Rajagopalan Madhavan, Chairman and Managing Director | India | $3,040.56 | $3,000.00 | 1% | $3,268.65 | 93% |
| 43 | NEW | Babcock International 1 | David Lockwood, CEO | U.K. | $3,002.06 | $2,935.52 | 2% | $5,360.82 | 56% |
| 44 | 40 | Bechtel | Brendan Bechtel, Chairman and CEO | U.S. | $3,000.00 | $3,100.00 | -3% | $17,500.00 | 17% |
| 45 | 46 | Jacobs | Steve Demetriou, Chair of the Board and CEO | U.S. | $2,749.00 | $2,498.00 | 10% | $14,093.00 | 20% |
| 46 | 47 | Oshkosh Corporation | John Pfeifer, President and CEO | U.S. | $2,525.60 | $2,262.20 | 12% | $7,737.30 | 33% |
| 47 | 50 | TransDigm | Kevin Stein, President, CEO and Director | U.S. | $2,389.00 | $2,180.00 | 10% | $4,798.00 | 50% |
| 48 | 49 | Fincantieri S.p.A. | Pierroberto Folgiero, CEO * | Italy | $2,338.69 | $2,211.96 | 6% | $8,175.35 | 29% |
| 49 | 48 | Aselsan A.S. | Haluk Gorgun, Chairman, President and CEO | Turkey | $2,250.39 | $2,218.33 | 1% | $2,333.68 | 96% |
| 50 | 55 | ST Engineering | Vincent Chong, Group President and CEO | Singapore | $2,157.72 | $1,885.29 | 14% | $5,723.92 | 38% |
| 51 | 52 | ManTech | Kevin M. Phillips, Chairman of the Board, CEO and President | U.S. | $1,991.00 | $1,964.00 | 1% | $2,554.00 | 78% |
| 52 | 54 | Parsons Corporation | Carey Smith, President and CEO | U.S. | $1,888.05 | $1,911.91 | -1% | $3,660.77 | 52% |
| 53 | 56 | Serco | Rupert Soames, Group CEO | U.K. | $1,870.54 | $1,736.39 | 8% | $6,085.59 | 31% |
| 54 | 53 | Sierra Nevada Corporation | Eren Ozmen, Chairwoman, President and Owner, and Fatih Ozmen, CEO and Owner | U.S. | $1,856.00 | $1,918.00 | -3% | $2,106.00 | 88% |
| 55 | 51 | Kawasaki Heavy Industries 11 | Yasuhiko Hashimoto, President and CEO | Japan | $1,848.76 | $2,026.50 | -9% | $13,368.34 | 14% |
| 56 | 61 | Bharat Electronics Limited | Anandi Ramalingam, Chairman and Managing Director * | India | $1,811.78 | $1,440.00 | 26% | $2,018.41 | 90% |
| 57 | 63 | Vectrus 19 | Charles Prow, President and CEO | U.S. | $1,768.54 | $1,383.90 | 28% | $1,783.67 | 99% |
| 58 | 64 | Hensoldt AG | Thomas Mueller, CEO | Germany | $1,743.67 | $1,377.58 | 27% | $1,743.67 | 100% |
| 59 | 57 | Korea Aerospace Industries | Ahn Hyun-ho, President and CEO | South Korea | $1,709.05 | $1,716.71 | 0% | $2,224.68 | 77% |
| 60 | 58 | BWX Technologies 20 | Rex Geveden, President and CEO | U.S. | $1,605.22 | $1,634.58 | -2% | $2,124.07 | 76% |
| 61 | 59 | Ball Corporation | Dan W. Fisher, President and CEO * | U.S. | $1,599.00 | $1,495.00 | 7% | $13,800.00 | 12% |
| 62 | 65 | LIG Nex1 | Kim Ji-Chan, President and CEO | South Korea | $1,590.78 | $1,357.05 | 17% | $1,590.78 | 100% |
| 63 | 62 | Melrose Industries 21 | Simon Peckham, Chief Executive | U.K. | $1,544.57 | $1,416.83 | 9% | $10,315.49 | 15% |
| 64 | 66 | QinetiQ Plc | Steve Wadey, CEO | U.K. | $1,502.87 | $1,270.16 | 18% | $1,803.45 | 83% |
| 65 | 60 | Aerojet Rocketdyne Holdings Inc. | Eileen Drake, CEO and President | U.S. | $1,485.00 | $1,472.00 | 1% | $2,092.00 | 71% |
| 66 | 67 | Curtiss-Wright Corporation | Lynn M. Bamford, Chair and CEO | U.S. | $1,383.64 | $1,263.29 | 10% | $2,505.93 | 55% |
| 67 | 68 | Turkish Aerospace Industries | Temel Kotil, President and CEO | Turkey | $1,302.95 | $1,256.42 | 4% | $1,565.61 | 83% |
| 68 | 70 | Moog Inc. | John R. Scannell, Chairman and CEO | U.S. | $1,299.48 | $1,238.36 | 5% | $2,851.99 | 46% |
| 69 | 72 | Kongsberg Gruppen | Geir Haoy, President and CEO | Norway | $1,288.21 | $1,064.72 | 21% | $3,191.91 | 40% |
| 70 | NEW | Polish Armaments Group | Sebastian Chwalek, President of the Management Board | Poland | $1,283.66 | $1,160.86 | 11% | $1,755.11 | 73% |
| 71 | 81 | CAE | Marc Parent, President and CEO | Canada | $1,277.92 | $921.35 | 39% | $2,689.13 | 48% |
| 72 | 76 | Navantia | Ricardo Domínguez García-Baquero, Chairman | Spain | $1,163.32 | $999.24 | 16% | $1,545.43 | 75% |
| 73 | 71 | Viasat | Richard Baldridge, President and CEO | U.S. | $1,086.72 | $1,066.30 | 2% | $2,787.64 | 39% |
| 74 | 75 | Aerospace Corporation | Steven J. Isakowitz, President and CEO | U.S. | $1,084.50 | $1,032.00 | 5% | $1,162.80 | 93% |
| 75 | 69 | Austal | Paddy Gregg, CEO | Australia | $1,083.60 | $1,239.39 | -13% | $1,174.07 | 92% |
| 76 | 79 | Mitre | Jason Providakes, President and CEO | U.S. | $1,010.00 | $984.00 | 3% | $2,100.00 | 48% |
| 77 | 77 | Howmet Aerospace 1 | John C. Plant, CEO | U.S. | $944.68 | $999.21 | -5% | $4,972.00 | 19% |
| 78 | 73 | Maxar Technologies 22 | Daniel Jablonsky, President and CEO | U.S. | $936.00 | $1,062.00 | -12% | $1,770.00 | 53% |
| 79 | 83 | Ultra Electronics | Simon Pryce, CEO | U.K. | $920.69 | $832.90 | 11% | $1,170.05 | 79% |
| 80 | NEW | Eaton | Craig Arnold, Chairman and CEO | Ireland | $920.00 | N/A | N/A | $19,628.00 | 5% |
| 81 | 87 | Mercury Systems | Mark Aslett, President and CEO | U.S. | $904.69 | $776.17 | 17% | $924.00 | 98% |
| 82 | 78 | Meggitt 1 | Tony Wood, CEO | U.K. | $878.05 | $985.62 | -11% | $2,090.61 | 42% |
| 83 | NEW | Teledyne Technologies 23 | Robert Mehrabian, Chairman, President and CEO | U.S. | $876.60 | $578.40 | 52% | $4,614.30 | 19% |
| 84 | 84 | AAR Corp. | John M. Holmes, President and CEO | U.S. | $845.90 | $812.77 | 4% | $1,652.00 | 51% |
| 85 | 86 | HEICO 10 | Laurans A. Mendelson, Chairman and CEO | U.S. | $823.81 | $786.28 | 5% | $1,865.68 | 44% |
| 86 | NEW | Roketsan | Murat Ikinci, CEO | Turkey | $814.16 | $572.29 | 42% | $814.16 | 100% |
| 87 | NEW | Cobham Advanced Electronic Solutions 24 | Mike Kahn, President and CEO | U.S. | $806.59 | $762.06 | 6% | $1,013.92 | 80% |
| 88 | 90 | Day & Zimmermann | Hal Yoh III, Chair and CEO | U.S. | $759.54 | $741.94 | 2% | $2,700.00 | 28% |
| 89 | 97 | Ukroboronprom | Yuriy Husyev, Director General | Ukraine | $754.57 | $650.61 | 16% | $1,451.65 | 52% |
| 90 | 100 | Indra 25 | Ignacio Mataix, CEO * | Spain | $752.35 | $594.33 | 27% | $4,010.19 | 19% |
| 91 | NEW | TTM Technologies 1 26 | Thomas T. Edman, President and CEO | U.S. | $742.08 | $757.92 | -2% | $2,248.74 | 33% |
| 92 | 89 | Woodward Inc. | Charles Blankenship, Chairman, CEO and President * | U.S. | $711.03 | $764.00 | -7% | $2,245.83 | 32% |
| 93 | 82 | Fluor Corporation | David Constable, Chairman and CEO | U.S. | $706.30 | $864.20 | -18% | $12,400.00 | 6% |
| 94 | 91 | Lumen Technologies | Jeff Storey, President and CEO | U.S. | $687.21 | $728.29 | -6% | $19,687.00 | 3% |
| 95 | 92 | Battelle | Lewis Von Thaer, President and CEO | U.S. | $663.00 | $705.00 | -6% | $10,000.00 | 7% |
| 96 | NEW | Diehl Group | Klaus Richter, CEO | Germany | $651.75 | $577.60 | 13% | $3,400.01 | 19% |
| 97 | NEW | Nammo 1 26 | Morten Brandtzaeg, President and CEO | Norway | $641.04 | $511.07 | 25% | $811.44 | 79% |
| 98 | NEW | Saudi Arabian Military Industries 27 | Walid Abukhaled, CEO | Saudi Arabia | $604.95 | $20.18 | 2898% | $806.17 | 75% |
| 99 | NEW | Patria | Esa Rautalinko, President and CEO | Finland | $602.59 | $565.69 | 7% | $647.90 | 93% |
| 100 | 95 | Embraer | Francisco Gomes Neto, President and CEO | Brazil | $594.40 | $653.87 | -9% | $4,197.20 | 14% |
| Data for the Top 100 list comes from information Defense News solicited from companies, from companies’ annual reports, from analysts, and from research by Defense News, the International Institute for Strategic Studies and SPADE Indexes. | |||||||||
| Companies were contacted by Defense News and asked to fill out a survey reporting their total annual revenue and revenue derived from defense, intelligence, homeland security and other national security contracts. | |||||||||
| Currency conversions for non-U.S. firms were calculated using average market conversion rates over each firm’s fiscal year to mitigate the effects of currency fluctuations. | |||||||||
| Company adjustments made to 2020 defense revenue during the subsequent year is not reflected unless otherwise noted. | |||||||||
| Footnotes | |||||||||
| 1 | Total defense revenue is based on a percentage of total revenue. | ||||||||
| 2 | Defense revenue includes sales to the U.S. departments of Defense and Homeland Security, the U.S. intelligence community, and defense sales to international customers. | ||||||||
| 3 | China’s two largest shipbuilding conglomerates, China Shipbuilding Industry Corporation and China State Shipbuilding Corporation, merged in November 2019 to create China State Shipbuilding Corporation Limited. The resulting company’s total revenue in last year’s list solely reflected its shipbuilding business, and its defense revenue reflected defense-related activity from the overall shipbuilding business. Those figures are updated for this year’s list to reflect wider company revenue data. | ||||||||
| 4 | The fiscal 2020 defense revenue is not adjusted for divestitures. | ||||||||
| 5 | China Electronics Technology Group acquired China Putian Information Industry Group, otherwise known as Potevio, in June 2021. | ||||||||
| 6 | Airbus lists its “headquarters” in the Netherlands and its “main office” in France. | ||||||||
| 7 | Huntington Ingalls Industries changed its name to HII in 2022. Fiscal 2021 revenue figures include that of Alion Science and Technology, which the company acquired from Veritas Capital on Aug. 19, 2021, and which ranked 74 in last year’s Top 100 list. | ||||||||
| 8 | The company primarily attributes the growth in defense revenue to Rafale aircraft deliveries, which increased from 13 in fiscal 2020 to 25 in fiscal 2021. | ||||||||
| 9 | Revenue figures take into account the acquisition of PAE, which Amentum completed Feb. 15, 2022. PAE ranked 80 in last year’s Top 100 list. | ||||||||
| 10 | Defense revenue comes from the company’s defense and space segment. | ||||||||
| 11 | Defense revenue reflects awards made by Japan’s Ministry of Defense for the fiscal year ending March 31, 2022. | ||||||||
| 12 | In 2021, Peraton acquired Perspecta as well as Northrop Grumman’s integrated mission support and IT solutions business. Fiscal 2021 revenue reflects that of the consolidated company. | ||||||||
| 13 | In fiscal 2021, four companies were added to the group of consolidated subsidiaries through being founded and one through being acquired. Two companies accounted for using the equity method left the consolidated group due to liquidation. | ||||||||
| 14 | Fiscal 2020 defense revenue for General Electric was miscalculated in last year’s list; it was $4,572 million. The company would have remained ranked at 27. | ||||||||
| 15 | SAIC completed its acquisition of Halfaker and Associates on July 2, 2021. | ||||||||
| 16 | Defense revenue figures include all revenue from the U.S. government. | ||||||||
| 17 | KNDS is a joint venture of Krauss-Maffei Wegmann and Nexter. | ||||||||
| 18 | For the first time, Rafael Advanced Defense Systems incorporated the financial reports of its subsidiaries Aeronautics Group and Controp into its revenue calculations. | ||||||||
| 19 | Vectrus attributes its increase in defense revenue to the acquisition of both Zenetex and HHB Systems as well as organic growth. | ||||||||
| 20 | Defense revenue primarily includes work manufacturing naval nuclear reactors for submarines and aircraft carriers as well as work for the U.S. Energy Department and the National Nuclear Security Administration in the support of national defense and cleaning up legacy waste. | ||||||||
| 21 | Melrose is the holding company of GKN Aerospace, which completed its first year of operating a defense business unit. | ||||||||
| 22 | Defense revenue figures include all revenue from the U.S. government and agencies but not revenue from international defense and intelligence customers. | ||||||||
| 23 | Defense revenue solely represents sales to the U.S. Defense Department. All U.S. government-related revenue was $1,193,100,000 in fiscal 2021 and $818,200,000 in fiscal 2020. Teledyne acquired FLIR Systems in May 2021. | ||||||||
| 24 | U.K. company Cobham was acquired by the U.S. private equity firm Advent International and was renamed. In September 2021, CAES acquired Colorado Engineering. | ||||||||
| 25 | Defense revenue comes from the company’s defense and security activities. | ||||||||
| 26 | Defense revenue comes from the company’s aerospace and defense business. | ||||||||
| 27 | SAMI announced Dec. 28, 2020, its acquisition of the Advanced Electronics Company, to which it attributes the majority of its defense revenue growth from fiscal 2020 to fiscal 2021. Other notable sources of growth are its weapons and missiles business (now known as defense systems); its emerging technologies division; and its joint ventures involving Saudi Aircraft Accessories and Components Company, Navantia, and Thales. | ||||||||
| * Leadership changed since last year’s list if company appeared on list | |||||||||
| N/A Not available | |||||||||
| NEW Did not appear on last year’s list | |||||||||
No comments:
Post a Comment