Comparing Lockheed Martin with other major defense contractors
With total sales of $45,358 million in 2013, Lockheed Martin is the largest defense contractor in the world. The other major defense contractors in the world include The Boeing Company and Raytheon Company.
Nov. 20 2020, Updated 5:05 p.m. ET
Major defense players in the U.S.
With total sales of $45,358 million in 2013, Lockheed Martin is the largest defense contractor in the world. The other major defense contractors in the world include The Boeing Company (BA), Raytheon Company (RTN), General Dynamics (GD), and Northrop Grumman Corp. (NOC).
The Boeing Company
Boeing is one of the world’s largest aircraft manufacturers. It’s also the second largest defense contractors in the world. It had total sales of $86,623 million in 2013. It has two major business segments: Commercial Airplanes, which forms 61.5% of its sales, and Defense, Space and Security, which forms 38.5% of its sales. Its popular products include some widely used commercial aircraft like 737s, 777s, and 747s.
Raytheon Company
Raytheon is the third largest defence contractor in the U.S. It has total sales of $23,706 million in 2013. Its major business segments are Integrated Defense Systems (22%), Intelligence, Information and Services (24%), Missile Systems (27%), and Space & Airborne Systems (27%). Almost 72% of its revenues come from the U.S. government, while 27% of its sales come from international customers.
General Dynamics
This is the fourth largest defense contractor in the United States. Its total sales in 2013 were $31,218 million. General Dynamics’ major business segments include Aerospace (26%), Combat Systems (20%), Marine Systems (22%), and Information Systems & Technology (32%). The company gets 62% of its revenue from the U.S. government.
Northrop Grumman
With total sales of $24,661 million Northrop Grumman is the fifth largest defense contractor in the United States. Its major business segments include Aerospace Systems (35 %), Electronic Systems (30%), Information Systems (25%), and Technical Services (10%). Almost 86% of its sales are from the U.S. government.
All these stocks are part of the Industrial Select Sector SPDR (XLI).
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