The company's non-military subsidiary aircraft brands include Cessna and Beechcraft. While it is one of the largest defense companies in the world, over 70 percent of Textron's revenue comes from commercial deals. Textron defense products include armored vehicles, unmanned aircraft, and attack helicopters. The company ranks 20th among companies profiting the most from war in 2017 with $4 billion in arms sales through its subsidiaries, which include Bell Helicopter and Textron Systems.Though the majority of Textron's revenue comes from deals in the United States and Canada, the company also does business in the Middle East, Asia, and Europe. Textron, based in Providence, Rhode Island, is one of 11 American companies to rank among the world's largest defense contractors. Pharmacists, lawyers, CEOs: A look at the highest paying jobs for women 20. Life expectancy in the US: You're most likely to live a long life in Hawaii and California Employee counts are the most recent available estimates, and are in some cases from corporations’ 2018 financial disclosures. Securities and Exchange Commission or published independently. Profits and total sales came from fiscal year 2017 annual financial disclosures filed with the U.S. Total 2017 revenue and arms sales were provided by SIPRI. Chinese companies were not considered due to lack of sufficient data. Companies were ranked based on arms sale revenue. reviewed data provided by the Stockholm International Peace Research Institute to identify the companies profiting most from war.
government alone is well more than the total annual budgets of the IRS and the Environmental Protection Agency, combined.Ģ4/7 Wall St. The company drew public scrutiny after a bomb it sold to Saudi Arabia was dropped on a school bus in Yemen, killing 40 boys and 11 adults. Maryland-based Lockheed Martin, the largest defense contractor in the world, is estimated to have had $44.9 billion in arms sales in 2017 through deals with governments all over the world. The United States is home to five of the world’s 10 largest defense contractors, and American companies account for 57 percent of total arms sales by the world’s 100 largest defense contractors, based on SIPRI data. The United States’ position as the top arms-producing nation in the world remains unchanged, and for now unchallenged. Notably, Russia, one of the countries with the fastest growing militaries over the last decade, became the second largest arms-producing country, overtaking the United Kingdom for the first time since 2002. Total arms sales among the world’s 100 largest defense contractors topped $398 billion in 2017 after climbing for the third consecutive year. Though it is yet unclear what the growing arms investments will mean for international relations, major defense contractors around the world stand to benefit. arms expenditure – the United States is the world’s largest defense spender by a wide margin. The global rise was driven partially by a $9.6 billion hike in U.S.
There was a 1.1 percent increase in global military spending in 2017, according to the Stockholm International Peace Research Institute.