Re: [Salon] Military corporations need wars for profits. The human cost is huge

https://people.defensenews.com/top-100/?SToverlay=2002c2d9-c344-4bbb-8610-e5794efcfa7d

N.B. Three Chinese companies are in the top ten now.  They appear to be less dependent on defense work than Western counterparts, with defense business of only around one-third of their total revenue.

2023 Top 100

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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, SPADE Indexes and Oliver Wyman.

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 2021 defense revenue during the subsequent year is not reflected unless otherwise noted.

Footnotes

  1. Raytheon Technologies changed its name to RTX in June 2023.
  2. Total defense revenue is based on a percentage of total revenue given by the company.
  3. Airbus lists its “headquarters” in the Netherlands and its “main office” in France.
  4. Defense revenues combine those of Hanwha Group’s defense affiliates: Hanwha Aerospace and Hanwha Systems. The aerospace unit merged with another unit, Hanwha Defense, in November 2022 and then took over the defense division of Hanwha Corp. in April 2023.
  5. Japan’s Defense Ministry provided revenue data for this company.
  6. Vectrus, which ranked 57 in last year’s Top 100 list, merged with Vertex Aerospace Services Holding Corp. in July 2022, creating V2X. Pro-forma fiscal 2022 revenue reflects the merger. Revenue data from fiscal 2021 is from Vectrus only.
  7. Total defense revenue figures are based on the company’s defense, intelligence and homeland security business activities.
  8. Parker Hannifin acquired Meggitt, which ranked 82 in last year’s list, in September 2022.
  9. Fiscal 2023 total revenue includes the partial-year contributions of recent acquisitions Avantus and Air Affairs, and the disposal of the Space NV business.
  10. 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 support of national defense and cleaning up legacy waste.
  11. Fiscal 2021 defense revenue is restated for consistency purposes to reflect a modified calculation for the company’s defense revenue figures.
  12. GKN Aerospace is Melrose Industries’ sole source of defense revenue.
  13. Defense revenue represents business with the U.S. Defense Department and related contractors.
  14. Results include a division within CAES that was subsequently sold to Veritas Capital in January 2023.
  15. Figures for fiscal 2022 include six months of Telephonics Corp., acquired in June 2022.
  16. Defense revenues are made up of the company’s defense and space segments.
  17. Defense revenue solely reflects sales to the U.S. government.
  18. SES Government Solutions, a subsidiary of SES, changed its name in December 2022 to SES Space and Defense. Figures come from the company’s governmentwide business activities.

* 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


On Mon, Aug 14, 2023 at 3:14 PM Chas Freeman <cwfresidence@gmail.com> wrote:

A new survey reveals the immense wealth and power of the arms industry. But we must remember that its product is death
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