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DEFENSE INDUSTRIAL BASE (MIB) VECTOR21C KILL-CHAINCATEGORY FILTER ACTIVE

Traditional Aerospace & Defense Primes

Legacy prime system integrators, major shipbuilders, airframe manufacturers, and heavy munitions producers.

Top 5 Capability Pentagon

Revenue Scale, Surge Capacity, Backlog Health, R&D Innovation & Supply Sovereignty
TOP 5 CONTENDERS
Multi-year order book backlog ratio, sovereign component supply chain, and surge ammunition manufacturing on a 0-100 scale.

Top Traditional Aerospace & Defense Primes

#1๐Ÿ‡ฐ๐Ÿ‡ท
HD Hyundai Heavy Industries (Naval)South Korea โ€ข $2.8B Rev
81.8
#2๐Ÿ‡ฉ๐Ÿ‡ช
Airbus Defence and SpaceGermany โ€ข $12.0B Rev
80.2
#3๐Ÿ‡ฐ๐Ÿ‡ท
Hanwha OceanSouth Korea โ€ข $2.5B Rev
78.0
#4๐Ÿ‡ซ๐Ÿ‡ท
Dassault AviationFrance โ€ข $5.6B Rev
77.6
#5๐Ÿ‡บ๐Ÿ‡ธ
RTX CorporationUnited States โ€ข $40.5B Rev
77.3
Munitions Surge CapacitySovereign Supply Line Insulation
HD Hyundai Heavy Industries (Naval)
#1
๐Ÿ‡ฐ๐Ÿ‡ท

HD Hyundai Heavy Industries (Naval)

Ulsan, South KoreaChoke Point MonopolyTraditional PrimeDual-Use Tech Leader
South Koreaโ€ข Founded: 1972 โ€ข Defense Revenue Share: 24.3%
MIB Industrial Index81.8
Defense Revenue$2.8 Billion
Backlog-to-Revenue3.80x Book Ratio
R&D Intensity5.9% of Revenue
Munitions Surge93 / 100 Surge
Aegis Heavy Destroyers (KDX-III)KSS-III Batch-II SubmarinesNaval Fast Attack Craft & CorvettesAmphibious Assault Helicopter Landing Ships
Revenue Scale63.0
Surge Capacity93.0
Backlog Health95.0
R&D Innovation70.3
Supply Sovereignty94.0
#2
๐Ÿ‡ฉ๐Ÿ‡ช

Airbus Defence and Space

Taufkirchen, GermanyChoke Point MonopolyTraditional PrimeDual-Use Tech Leader
Germanyโ€ข Founded: 2014 โ€ข Defense Revenue Share: 17.1%
MIB Industrial Index80.2
Defense Revenue$12.0 Billion
Backlog-to-Revenue3.20x Book Ratio
R&D Intensity6.2% of Revenue
Munitions Surge79 / 100 Surge
Military Air MobilityCombat Aircraft ConsortiumStrategic TankersMilitary Satellites
Revenue Scale97.3
Surge Capacity79.0
Backlog Health80.0
R&D Innovation60.6
Supply Sovereignty89.0
#3
๐Ÿ‡ฐ๐Ÿ‡ท

Hanwha Ocean

Geoje, South KoreaChoke Point MonopolyTraditional PrimeDual-Use Tech Leader
South Koreaโ€ข Founded: 1973 โ€ข Defense Revenue Share: 34.7%
MIB Industrial Index78.0
Defense Revenue$2.5 Billion
Backlog-to-Revenue3.60x Book Ratio
R&D Intensity6.2% of Revenue
Munitions Surge92 / 100 Surge
KSS-III Attack Submarines with SLBM VLSAegis Guided Missile DestroyersLithium-Ion Submarine Battery SystemsNaval Fleet Auxiliary Support Ships
Revenue Scale52.5
Surge Capacity92.0
Backlog Health90.0
R&D Innovation68.0
Supply Sovereignty93.0
Dassault Aviation
#4
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Dassault Aviation

Saint-Cloud, FranceTraditional PrimeDual-Use Tech Leader
Franceโ€ข Founded: 1929 โ€ข Defense Revenue Share: 74.7%
MIB Industrial Index77.6
Defense Revenue$5.6 Billion
Backlog-to-Revenue4.80x Book Ratio
R&D Intensity8.5% of Revenue
Munitions Surge82 / 100 Surge
Omnirole Combat AircraftStealth UCAV DemonstratorsExecutive Business Jets (Falcon)Naval Carrier Aviation
Revenue Scale50.2
Surge Capacity82.0
Backlog Health100.0
R&D Innovation70.8
Supply Sovereignty92.0
#5
๐Ÿ‡บ๐Ÿ‡ธ

RTX Corporation

Arlington, Virginia, USATraditional Prime
United Statesโ€ข Founded: 1922 โ€ข Defense Revenue Share: 59%
MIB Industrial Index77.3
Defense Revenue$40.5 Billion
Backlog-to-Revenue2.65x Book Ratio
R&D Intensity4.5% of Revenue
Munitions Surge92 / 100 Surge
Air & Missile DefensePrecision MunitionsRadar & Electro-Optical SensorsCyber & Electronic WarfareAerospace Engines (Pratt & Whitney)
Revenue Scale87.4
Surge Capacity92.0
Backlog Health66.3
R&D Innovation37.5
Supply Sovereignty92.0
Rheinmetall AG
#6
๐Ÿ‡ฉ๐Ÿ‡ช

Rheinmetall AG

Dรผsseldorf, GermanyTraditional Prime
Germanyโ€ข Founded: 1889 โ€ข Defense Revenue Share: 81%
MIB Industrial Index76.7
Defense Revenue$8.5 Billion
Backlog-to-Revenue4.10x Book Ratio
R&D Intensity5.8% of Revenue
Munitions Surge98 / 100 Surge
Large Caliber Weapons & AmmunitionArmored Fighting VehiclesAir Defense & Counter-UASDigital Soldier & Mission Systems
Revenue Scale52.8
Surge Capacity98.0
Backlog Health100.0
R&D Innovation48.3
Supply Sovereignty91.0
Lockheed Martin
#7
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Lockheed Martin

Bethesda, Maryland, USATraditional Prime
United Statesโ€ข Founded: 1995 โ€ข Defense Revenue Share: 89%
MIB Industrial Index76.5
Defense Revenue$60.5 Billion
Backlog-to-Revenue2.38x Book Ratio
R&D Intensity3.4% of Revenue
Munitions Surge88 / 100 Surge
AeronauticsMissiles and Fire ControlRotary and Mission SystemsSpace SystemsIntegrated Air & Missile Defense
Revenue Scale96.6
Surge Capacity88.0
Backlog Health59.5
R&D Innovation28.3
Supply Sovereignty94.0
BAE Systems
#8
๐Ÿ‡ฌ๐Ÿ‡ง

BAE Systems

Farnborough, Hampshire, UKTraditional Prime
United Kingdomโ€ข Founded: 1999 โ€ข Defense Revenue Share: 95%
MIB Industrial Index76.0
Defense Revenue$28.2 Billion
Backlog-to-Revenue2.85x Book Ratio
R&D Intensity4.2% of Revenue
Munitions Surge94 / 100 Surge
Naval Ships & Nuclear SubmarinesCombat Air & Next-Gen Fighters (GCAP Tempest)Armored Tracked Combat VehiclesPrecision Artillery & MunitionsElectronic Warfare & Cyber
Revenue Scale79.2
Surge Capacity94.0
Backlog Health71.3
R&D Innovation35.0
Supply Sovereignty92.0
#9
๐Ÿ‡ฐ๐Ÿ‡ท

Hanwha Aerospace

Changwon, South KoreaTraditional Prime
South Koreaโ€ข Founded: 1977 โ€ข Defense Revenue Share: 85%
MIB Industrial Index75.8
Defense Revenue$7.2 Billion
Backlog-to-Revenue4.50x Book Ratio
R&D Intensity6.2% of Revenue
Munitions Surge97 / 100 Surge
Self-Propelled Artillery SystemsMultiple Launch Rocket Systems (MLRS)Submarines & Naval Vessels (Hanwha Ocean)Air Defense & Aerospace Engines
Revenue Scale49.4
Surge Capacity97.0
Backlog Health100.0
R&D Innovation51.7
Supply Sovereignty90.0
#10
๐Ÿ‡ฎ๐Ÿ‡ฑ

Rafael Advanced Defense Systems

Haifa, IsraelTraditional Prime
Israelโ€ข Founded: 1948 โ€ข Defense Revenue Share: 97%
MIB Industrial Index74.6
Defense Revenue$3.6 Billion
Backlog-to-Revenue3.90x Book Ratio
R&D Intensity8.8% of Revenue
Munitions Surge96 / 100 Surge
Air Defense & Counter-Rocket SystemsActive Protection Systems (Trophy)Precision Guided Missiles (Spike)High-Energy Laser Weapons (Iron Beam)
Revenue Scale35.8
Surge Capacity96.0
Backlog Health97.5
R&D Innovation73.3
Supply Sovereignty94.0
MBDA
#11
๐Ÿ‡ซ๐Ÿ‡ท

MBDA

Le Plessis-Robinson, FranceTraditional Prime
Franceโ€ข Founded: 2001 โ€ข Defense Revenue Share: 100%
MIB Industrial Index73.8
Defense Revenue$4.9 Billion
Backlog-to-Revenue4.10x Book Ratio
R&D Intensity7.2% of Revenue
Munitions Surge93 / 100 Surge
Air-to-Air Missiles (Meteor)Deep Standoff Cruise Missiles (Storm Shadow)Naval & Land Air Defense (Aster 15/30 / CAMM)Anti-Ship & Anti-Armor Missiles (Exocet / Akeron)
Revenue Scale41.6
Surge Capacity93.0
Backlog Health100.0
R&D Innovation60.0
Supply Sovereignty91.0
General Dynamics
#12
๐Ÿ‡บ๐Ÿ‡ธ

General Dynamics

Reston, Virginia, USATraditional Prime
United Statesโ€ข Founded: 1899 โ€ข Defense Revenue Share: 79%
MIB Industrial Index73.6
Defense Revenue$33.6 Billion
Backlog-to-Revenue2.72x Book Ratio
R&D Intensity2.6% of Revenue
Munitions Surge90 / 100 Surge
Nuclear Submarines (Electric Boat)Armored Combat Vehicles (GDLS)Naval Surface Combatants (Bath Iron Works)Munitions & Ordnance SystemsDefense IT & Mission Solutions
Revenue Scale83.1
Surge Capacity90.0
Backlog Health68.0
R&D Innovation21.7
Supply Sovereignty93.0
#13
๐Ÿ‡ซ๐Ÿ‡ท

Naval Group

Paris, FranceChoke Point MonopolyTraditional Prime
Franceโ€ข Founded: 1631 โ€ข Defense Revenue Share: 95.8%
MIB Industrial Index73.1
Defense Revenue$4.6 Billion
Backlog-to-Revenue3.90x Book Ratio
R&D Intensity8.0% of Revenue
Munitions Surge88 / 100 Surge
Nuclear Attack Submarines (SSN)Nuclear Ballistic Submarines (SSBN)Multi-Mission Frigates (FREMM, FDI)Aircraft Carrier Integration
Revenue Scale40.4
Surge Capacity88.0
Backlog Health97.5
R&D Innovation66.7
Supply Sovereignty95.0
#14
๐Ÿ‡น๐Ÿ‡ท

Turkish Aerospace Industries (TUSAลž / TAI)

Ankara, TurkeyTraditional Prime
Turkeyโ€ข Founded: 1973 โ€ข Defense Revenue Share: 85.2%
MIB Industrial Index72.8
Defense Revenue$2.3 Billion
Backlog-to-Revenue3.90x Book Ratio
R&D Intensity12.5% of Revenue
Munitions Surge85 / 100 Surge
5th-Gen Stealth Fighter DevelopmentHigh-End MALE & Stealth UCAVsAttack HelicoptersAerostructures
Revenue Scale28.0
Surge Capacity85.0
Backlog Health97.5
R&D Innovation100.0
Supply Sovereignty86.0
#15
๐Ÿ‡ฐ๐Ÿ‡ท

Korea Aerospace Industries (KAI)

Sacheon, South KoreaTraditional Prime
South Koreaโ€ข Founded: 1999 โ€ข Defense Revenue Share: 90.3%
MIB Industrial Index72.0
Defense Revenue$2.8 Billion
Backlog-to-Revenue4.20x Book Ratio
R&D Intensity9.8% of Revenue
Munitions Surge86 / 100 Surge
Advanced Supersonic FightersLead-In Fighter TrainersMilitary Utility & Attack HelicoptersTactical UAVs
Revenue Scale31.3
Surge Capacity86.0
Backlog Health100.0
R&D Innovation81.7
Supply Sovereignty88.0
#16
๐Ÿ‡ฎ๐Ÿ‡ฑ

Israel Aerospace Industries (IAI)

Lod, IsraelTraditional Prime
Israelโ€ข Founded: 1953 โ€ข Defense Revenue Share: 85%
MIB Industrial Index71.7
Defense Revenue$4.5 Billion
Backlog-to-Revenue3.40x Book Ratio
R&D Intensity8.2% of Revenue
Munitions Surge92 / 100 Surge
Ballistic Missile Defense (Arrow 2/3)Loitering Munitions (Harop / Harpy)Naval Air Defense (Barak MX)Radar Systems (ELTA Systems)
Revenue Scale40.0
Surge Capacity92.0
Backlog Health85.0
R&D Innovation68.3
Supply Sovereignty94.0
#17
๐Ÿ‡บ๐Ÿ‡ธ

Northrop Grumman

Falls Church, Virginia, USATraditional Prime
United Statesโ€ข Founded: 1939 โ€ข Defense Revenue Share: 89%
MIB Industrial Index71.3
Defense Revenue$35.2 Billion
Backlog-to-Revenue2.15x Book Ratio
R&D Intensity3.8% of Revenue
Munitions Surge84 / 100 Surge
Strategic Bombers & AeronauticsSolid Rocket Motors & PropulsionSpace Systems & SatellitesAirborne AESA Radars & SensorsAdvanced Battle Management (ABMS)
Revenue Scale84.2
Surge Capacity84.0
Backlog Health53.8
R&D Innovation31.7
Supply Sovereignty95.0
Elbit Systems
#18
๐Ÿ‡ฎ๐Ÿ‡ฑ

Elbit Systems

Haifa, IsraelTraditional Prime
Israelโ€ข Founded: 1966 โ€ข Defense Revenue Share: 92%
MIB Industrial Index71.1
Defense Revenue$5.5 Billion
Backlog-to-Revenue3.10x Book Ratio
R&D Intensity7.5% of Revenue
Munitions Surge95 / 100 Surge
Active Protection Systems (Iron Fist)Tactical UAS & Loitering MunitionsElectronic Warfare & Cyber IntelligencePrecision Artillery & Mortar Systems
Revenue Scale43.9
Surge Capacity95.0
Backlog Health77.5
R&D Innovation62.5
Supply Sovereignty93.0
Damen Shipyards Group
#19
๐Ÿ‡ณ๐Ÿ‡ฑ

Damen Shipyards Group

Gorinchem, NetherlandsChoke Point MonopolyTraditional PrimeDual-Use Tech Leader
Netherlandsโ€ข Founded: 1927 โ€ข Defense Revenue Share: 45.2%
MIB Industrial Index70.2
Defense Revenue$1.4 Billion
Backlog-to-Revenue3.30x Book Ratio
R&D Intensity6.5% of Revenue
Munitions Surge86 / 100 Surge
SIGMA-Class Modular Multi-Mission FrigatesCombat Support Ships & Replenishment TankersEnforcer-Class LPD Amphibious VesselsOffshore Patrol Vessels (OPV)
Revenue Scale33.1
Surge Capacity86.0
Backlog Health82.5
R&D Innovation63.4
Supply Sovereignty91.0
#20
๐Ÿ‡ธ๐Ÿ‡ช

Saab AB

Stockholm, SwedenTraditional Prime
Swedenโ€ข Founded: 1937 โ€ข Defense Revenue Share: 92%
MIB Industrial Index69.8
Defense Revenue$4.8 Billion
Backlog-to-Revenue3.20x Book Ratio
R&D Intensity7.8% of Revenue
Munitions Surge89 / 100 Surge
Combat Aircraft (Gripen E/F)Shoulder-Fired Weapons (Carl-Gustaf / NLAW)Early Warning Radar (GlobalEye)Submarines & Naval Combat (Kockums)
Revenue Scale41.2
Surge Capacity89.0
Backlog Health80.0
R&D Innovation65.0
Supply Sovereignty94.0
Hyundai Rotem
#21
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Hyundai Rotem

Seoul, South KoreaTraditional PrimeDual-Use Tech Leader
South Koreaโ€ข Founded: 1977 โ€ข Defense Revenue Share: 60%
MIB Industrial Index69.6
Defense Revenue$1.8 Billion
Backlog-to-Revenue4.80x Book Ratio
R&D Intensity5.8% of Revenue
Munitions Surge91 / 100 Surge
Main Battle TanksWheeled Armored Combat VehiclesUnmanned Ground Combat Vehicles (UGV)Automated Ammunition Resupply
Revenue Scale28.5
Surge Capacity91.0
Backlog Health100.0
R&D Innovation50.9
Supply Sovereignty90.0
#22
๐Ÿ‡ฏ๐Ÿ‡ต

Kawasaki Heavy Industries Aerospace

Kobe, JapanTraditional PrimeDual-Use Tech Leader
Japanโ€ข Founded: 1896 โ€ข Defense Revenue Share: 16.2%
MIB Industrial Index69.1
Defense Revenue$2.1 Billion
Backlog-to-Revenue2.90x Book Ratio
R&D Intensity5.2% of Revenue
Munitions Surge82 / 100 Surge
Maritime Patrol AircraftMilitary Tactical Air TransportMilitary Helicopter Dynamic SystemsSpace Fairings & Rocket Components
Revenue Scale55.2
Surge Capacity82.0
Backlog Health72.5
R&D Innovation49.4
Supply Sovereignty92.0
Aselsan
#23
๐Ÿ‡น๐Ÿ‡ท

Aselsan

Ankara, TurkeyTraditional Prime
Turkeyโ€ข Founded: 1975 โ€ข Defense Revenue Share: 94%
MIB Industrial Index69.0
Defense Revenue$2.9 Billion
Backlog-to-Revenue3.50x Book Ratio
R&D Intensity8.0% of Revenue
Munitions Surge91 / 100 Surge
Electronic Warfare & Radar (AESA)Electro-Optic & Targeting Pods (CATS)Air Defense & Counter-UAS (Korkut / Hisar)Military Communications & Tactical Networks
Revenue Scale31.9
Surge Capacity91.0
Backlog Health87.5
R&D Innovation66.7
Supply Sovereignty92.0
#24
๐Ÿ‡ฉ๐Ÿ‡ช

ThyssenKrupp Marine Systems (TKMS)

Kiel, GermanyChoke Point MonopolyTraditional Prime
Germanyโ€ข Founded: 1838 โ€ข Defense Revenue Share: 91.7%
MIB Industrial Index69.0
Defense Revenue$2.2 Billion
Backlog-to-Revenue4.50x Book Ratio
R&D Intensity7.5% of Revenue
Munitions Surge88 / 100 Surge
Fuel Cell AIP Non-Nuclear SubmarinesMEKO-Class Modular FrigatesNon-Magnetic Submarine Steel HullsSubmarine Torpedo Tube Integration
Revenue Scale27.3
Surge Capacity88.0
Backlog Health100.0
R&D Innovation62.5
Supply Sovereignty94.0
KNDS (KMW+Nexter Defense Systems)
#25
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KNDS (KMW+Nexter Defense Systems)

Amsterdam, Netherlands / Paris & MunichTraditional Prime
Franceโ€ข Founded: 2015 โ€ข Defense Revenue Share: 90%
MIB Industrial Index68.8
Defense Revenue$3.8 Billion
Backlog-to-Revenue3.90x Book Ratio
R&D Intensity5.5% of Revenue
Munitions Surge90 / 100 Surge
Main Battle Tanks (Leopard / Leclerc)Self-Propelled Wheeled Artillery (CAESAR)Armored Wheeled Vehicles (VBCI / Griffon)Tank Ammunition & Turrets
Revenue Scale36.8
Surge Capacity90.0
Backlog Health97.5
R&D Innovation45.8
Supply Sovereignty89.0
#26
๐Ÿ‡น๐Ÿ‡ท

Baykar Defense

Istanbul, TurkeyTraditional Prime
Turkeyโ€ข Founded: 1986 โ€ข Defense Revenue Share: 95%
MIB Industrial Index68.2
Defense Revenue$1.9 Billion
Backlog-to-Revenue3.40x Book Ratio
R&D Intensity9.2% of Revenue
Munitions Surge94 / 100 Surge
Medium Altitude Long Endurance UCAVsHigh Altitude Long Endurance UCAVsUnmanned Combat Fighter AircraftTactical Drone Avionics & AI Control
Revenue Scale25.0
Surge Capacity94.0
Backlog Health85.0
R&D Innovation76.7
Supply Sovereignty87.0
Oshkosh Defense
#27
๐Ÿ‡บ๐Ÿ‡ธ

Oshkosh Defense

Oshkosh, Wisconsin, USATraditional PrimeDual-Use Tech Leader
United Statesโ€ข Founded: 1917 โ€ข Defense Revenue Share: 26%
MIB Industrial Index68.0
Defense Revenue$2.5 Billion
Backlog-to-Revenue2.80x Book Ratio
R&D Intensity3.8% of Revenue
Munitions Surge88 / 100 Surge
Tactical Wheeled VehiclesMine-Resistant Ambush Protected (MRAP)Autonomous Convoy LogisticsHeavy Tactical Mobility
Revenue Scale51.7
Surge Capacity88.0
Backlog Health70.0
R&D Innovation44.5
Supply Sovereignty92.0
Leonardo S.p.A.
#28
๐Ÿ‡ฎ๐Ÿ‡น

Leonardo S.p.A.

Rome, ItalyTraditional Prime
Italyโ€ข Founded: 1948 โ€ข Defense Revenue Share: 76%
MIB Industrial Index67.6
Defense Revenue$12.5 Billion
Backlog-to-Revenue2.80x Book Ratio
R&D Intensity5.1% of Revenue
Munitions Surge80 / 100 Surge
Military Helicopters (AgustaWestland)Naval Gun Systems & Precision MunitionsDefense Electronics & AESA RadarsAeronautics & Combat Aircraft (GCAP Partner)
Revenue Scale61.1
Surge Capacity80.0
Backlog Health70.0
R&D Innovation42.5
Supply Sovereignty89.0
CSBC Corporation Taiwan
#29
๐Ÿ‡น๐Ÿ‡ผ

CSBC Corporation Taiwan

Kaohsiung, TaiwanTraditional PrimeDual-Use Tech Leader
Taiwanโ€ข Founded: 1973 โ€ข Defense Revenue Share: 66.7%
MIB Industrial Index67.5
Defense Revenue$1.2 Billion
Backlog-to-Revenue4.10x Book Ratio
R&D Intensity6.5% of Revenue
Munitions Surge84 / 100 Surge
Indigenous Defense Submarines (IDS)Amphibious Transport DocksNaval Missile FrigatesFast Attack Missile Craft
Revenue Scale21.0
Surge Capacity84.0
Backlog Health100.0
R&D Innovation55.7
Supply Sovereignty88.0
#30
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Thales Group

Paris, FranceTraditional Prime
Franceโ€ข Founded: 2000 โ€ข Defense Revenue Share: 51%
MIB Industrial Index67.0
Defense Revenue$10.2 Billion
Backlog-to-Revenue2.70x Book Ratio
R&D Intensity5.4% of Revenue
Munitions Surge82 / 100 Surge
Naval Sonar & Underwater SystemsLand & Air Defense Radar FamiliesMilitary Communications & C4ISRAvionics & Optronics
Revenue Scale56.7
Surge Capacity82.0
Backlog Health67.5
R&D Innovation45.0
Supply Sovereignty92.0
#31
๐Ÿ‡ณ๐Ÿ‡ด

Kongsberg Gruppen

Kongsberg, NorwayTraditional Prime
Norwayโ€ข Founded: 1814 โ€ข Defense Revenue Share: 84%
MIB Industrial Index66.6
Defense Revenue$3.2 Billion
Backlog-to-Revenue3.60x Book Ratio
R&D Intensity6.0% of Revenue
Munitions Surge88 / 100 Surge
Anti-Ship Missiles (NSM / JSM)Ground Based Air Defense (NASAMS)Remote Weapon Stations (Protector RWS)Subsea Sonar & Autonomous Marine Systems
Revenue Scale33.7
Surge Capacity88.0
Backlog Health90.0
R&D Innovation50.0
Supply Sovereignty90.0
Boeing Defense, Space & Security
#32
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Boeing Defense, Space & Security

Arlington, Virginia, USATraditional Prime
United Statesโ€ข Founded: 1916 โ€ข Defense Revenue Share: 32%
MIB Industrial Index66.5
Defense Revenue$25.0 Billion
Backlog-to-Revenue2.20x Book Ratio
R&D Intensity4.0% of Revenue
Munitions Surge75 / 100 Surge
Military Transport & TankersCombat Aircraft & Attack HelicoptersMaritime Patrol & SurveillanceAutonomous Systems & Space
Revenue Scale76.4
Surge Capacity75.0
Backlog Health55.0
R&D Innovation33.3
Supply Sovereignty88.0
#33
๐Ÿ‡บ๐Ÿ‡ธ

L3Harris Technologies

Melbourne, Florida, USATraditional Prime
United Statesโ€ข Founded: 2019 โ€ข Defense Revenue Share: 75%
MIB Industrial Index66.1
Defense Revenue$14.5 Billion
Backlog-to-Revenue2.10x Book Ratio
R&D Intensity4.2% of Revenue
Munitions Surge88 / 100 Surge
Tactical Communications (Falcon Radios)Solid Rocket Propulsion (Aerojet Rocketdyne)Electro-Optical / Infrared Turrets (WESCAM)Airborne Electronic Warfare Suites
Revenue Scale64.3
Surge Capacity88.0
Backlog Health52.5
R&D Innovation35.0
Supply Sovereignty91.0
#34
๐Ÿ‡ฆ๐Ÿ‡บ

Austal

Henderson, Western AustraliaChoke Point MonopolyTraditional PrimeDual-Use Tech Leader
Australiaโ€ข Founded: 1988 โ€ข Defense Revenue Share: 78.6%
MIB Industrial Index66.1
Defense Revenue$1.1 Billion
Backlog-to-Revenue3.50x Book Ratio
R&D Intensity5.0% of Revenue
Munitions Surge85 / 100 Surge
Littoral Combat Ships (Independence-Class)Expeditionary Fast Transports (EPF)High-Speed Aluminum Trimaran HullsAutonomous Unmanned Surface Vessels (USV)
Revenue Scale19.3
Surge Capacity85.0
Backlog Health87.5
R&D Innovation56.6
Supply Sovereignty90.0
Textron Systems
#35
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Textron Systems

Providence, Rhode Island, USATraditional PrimeDual-Use Tech Leader
United Statesโ€ข Founded: 1923 โ€ข Defense Revenue Share: 23.4%
MIB Industrial Index65.9
Defense Revenue$3.2 Billion
Backlog-to-Revenue2.10x Book Ratio
R&D Intensity4.8% of Revenue
Munitions Surge80 / 100 Surge
Next-Gen Tiltrotor AviationTactical Unmanned AircraftShip-to-Shore Landing Craft (LCAC)Armored Combat Vehicles
Revenue Scale60.5
Surge Capacity80.0
Backlog Health52.5
R&D Innovation47.7
Supply Sovereignty90.0
#36
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Huntington Ingalls Industries (HII)

Newport News, Virginia, USATraditional Prime
United Statesโ€ข Founded: 2011 โ€ข Defense Revenue Share: 100%
MIB Industrial Index65.6
Defense Revenue$11.5 Billion
Backlog-to-Revenue3.10x Book Ratio
R&D Intensity2.2% of Revenue
Munitions Surge80 / 100 Surge
Nuclear Aircraft Carriers (Newport News)Nuclear Attack & Ballistic SubmarinesAegis Guided Missile Destroyers (Ingalls)Large Unmanned Undersea Vehicles (REMUS)
Revenue Scale59.3
Surge Capacity80.0
Backlog Health77.5
R&D Innovation18.3
Supply Sovereignty96.0
#37
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Subaru Aerospace Company

Utsunomiya, JapanTraditional PrimeDual-Use Tech Leader
Japanโ€ข Founded: 1953 โ€ข Defense Revenue Share: 4.9%
MIB Industrial Index64.9
Defense Revenue$1.4 Billion
Backlog-to-Revenue2.30x Book Ratio
R&D Intensity4.1% of Revenue
Munitions Surge77 / 100 Surge
Military Utility HelicoptersUnmanned Aerial SystemsCommercial/Military Composite Wing BoxesLicensed Attack Aircraft Assembly
Revenue Scale62.7
Surge Capacity77.0
Backlog Health57.5
R&D Innovation42.2
Supply Sovereignty89.0
Embraer Defense & Security
#38
๐Ÿ‡ง๐Ÿ‡ท

Embraer Defense & Security

Sรฃo Josรฉ dos Campos, BrazilTraditional PrimeDual-Use Tech Leader
Brazilโ€ข Founded: 1969 โ€ข Defense Revenue Share: 20.8%
MIB Industrial Index64.8
Defense Revenue$1.1 Billion
Backlog-to-Revenue3.50x Book Ratio
R&D Intensity6.8% of Revenue
Munitions Surge74 / 100 Surge
Multi-Mission Military Air TransportLight Attack & COIN AircraftAirborne Early Warning (AEW&C)C4I Systems
Revenue Scale35.8
Surge Capacity74.0
Backlog Health87.5
R&D Innovation56.7
Supply Sovereignty78.0
Polska Grupa Zbrojeniowa (PGZ)
#39
๐Ÿ‡ต๐Ÿ‡ฑ

Polska Grupa Zbrojeniowa (PGZ)

Radom, PolandTraditional Prime
Polandโ€ข Founded: 2013 โ€ข Defense Revenue Share: 91.7%
MIB Industrial Index64.7
Defense Revenue$2.2 Billion
Backlog-to-Revenue4.50x Book Ratio
R&D Intensity5.5% of Revenue
Munitions Surge84 / 100 Surge
Tracked & Wheeled Armored VehiclesSelf-Propelled Artillery IntegrationAir Defense SystemsMunitions Manufacturing
Revenue Scale27.3
Surge Capacity84.0
Backlog Health100.0
R&D Innovation45.8
Supply Sovereignty86.0
#40
๐Ÿ‡ฎ๐Ÿ‡ณ

Mazagon Dock Shipbuilders Limited (MDL)

Mumbai, IndiaChoke Point MonopolyTraditional Prime
Indiaโ€ข Founded: 1934 โ€ข Defense Revenue Share: 96%
MIB Industrial Index63.1
Defense Revenue$1.2 Billion
Backlog-to-Revenue4.50x Book Ratio
R&D Intensity5.4% of Revenue
Munitions Surge87 / 100 Surge
Project 15B Visakhapatnam DestroyersKalvari-Class (Scorpรจne) SubmarinesProject 17A Nilgiri Stealth FrigatesSubmarine Overhaul & Modernization
Revenue Scale18.5
Surge Capacity87.0
Backlog Health100.0
R&D Innovation45.0
Supply Sovereignty91.0
Mitsubishi Heavy Industries (Defense)
#41
๐Ÿ‡ฏ๐Ÿ‡ต

Mitsubishi Heavy Industries (Defense)

Tokyo, JapanTraditional Prime
Japanโ€ข Founded: 1884 โ€ข Defense Revenue Share: 14%
MIB Industrial Index62.7
Defense Revenue$4.2 Billion
Backlog-to-Revenue2.90x Book Ratio
R&D Intensity4.5% of Revenue
Munitions Surge86 / 100 Surge
Naval Warships & Submarines (Mogami / Taigei)Surface-to-Ship & Standoff Guided MissilesMain Battle Tanks & Armored Vehicles (Type 10)Fighter Aircraft Manufacturing & GCAP
Revenue Scale38.7
Surge Capacity86.0
Backlog Health72.5
R&D Innovation37.5
Supply Sovereignty95.0
#42
๐Ÿ‡ฎ๐Ÿ‡ณ

Hindustan Aeronautics Limited (HAL)

Bengaluru, IndiaTraditional Prime
Indiaโ€ข Founded: 1940 โ€ข Defense Revenue Share: 94.7%
MIB Industrial Index62.2
Defense Revenue$3.6 Billion
Backlog-to-Revenue3.10x Book Ratio
R&D Intensity7.2% of Revenue
Munitions Surge75 / 100 Surge
Indigenous Combat AircraftCombat HelicoptersLicensed Fighter AssemblyAvionics Upgrades
Revenue Scale35.8
Surge Capacity75.0
Backlog Health77.5
R&D Innovation60.0
Supply Sovereignty82.0
#43
๐Ÿ‡ซ๐Ÿ‡ฎ

Patria

Helsinki, FinlandTraditional Prime
Finlandโ€ข Founded: 1921 โ€ข Defense Revenue Share: 90.5%
MIB Industrial Index60.0
Defense Revenue$0.9 Billion
Backlog-to-Revenue3.60x Book Ratio
R&D Intensity6.4% of Revenue
Munitions Surge82 / 100 Surge
Protected Wheeled Armored VehiclesRemote Mortar TurretsFighter Maintenance & Lifecycle ServicesBattlefield Sensor C2
Revenue Scale15.7
Surge Capacity82.0
Backlog Health90.0
R&D Innovation53.3
Supply Sovereignty88.0
Garden Reach Shipbuilders & Engineers (GRSE)
#44
๐Ÿ‡ฎ๐Ÿ‡ณ

Garden Reach Shipbuilders & Engineers (GRSE)

Kolkata, IndiaTraditional Prime
Indiaโ€ข Founded: 1884 โ€ข Defense Revenue Share: 92.3%
MIB Industrial Index59.4
Defense Revenue$0.5 Billion
Backlog-to-Revenue4.80x Book Ratio
R&D Intensity5.2% of Revenue
Munitions Surge85 / 100 Surge
Project 17A Stealth FrigatesKamorta-Class ASW CorvettesAnti-Submarine Warfare Shallow Water CraftSurvey Vessels (Large)
Revenue Scale9.2
Surge Capacity85.0
Backlog Health100.0
R&D Innovation43.3
Supply Sovereignty89.0
#45
๐Ÿ‡ธ๐Ÿ‡ฌ

ST Engineering

SingaporeTraditional Prime
Singaporeโ€ข Founded: 1967 โ€ข Defense Revenue Share: 37%
MIB Industrial Index58.8
Defense Revenue$2.8 Billion
Backlog-to-Revenue2.95x Book Ratio
R&D Intensity5.2% of Revenue
Munitions Surge78 / 100 Surge
Armored Fighting Vehicles (Terrex / Hunter)Naval Vessels & Endurance LPDsAmmunition & Advanced Infantry WeaponsCybersecurity & Autonomous Systems
Revenue Scale31.3
Surge Capacity78.0
Backlog Health73.8
R&D Innovation43.3
Supply Sovereignty86.0
Fincantieri
#46
๐Ÿ‡ฎ๐Ÿ‡น

Fincantieri

Trieste, ItalyTraditional Prime
Italyโ€ข Founded: 1959 โ€ข Defense Revenue Share: 30%
MIB Industrial Index58.3
Defense Revenue$2.5 Billion
Backlog-to-Revenue3.80x Book Ratio
R&D Intensity3.6% of Revenue
Munitions Surge70 / 100 Surge
FREMM Multi-Mission FrigatesOffshore Patrol & CombatantsAir-Independent Propulsion SubmarinesUS Constellation-class (via Fincantieri Marinette Marine)
Revenue Scale29.4
Surge Capacity70.0
Backlog Health95.0
R&D Innovation30.0
Supply Sovereignty85.0
#47
๐Ÿ‡ช๐Ÿ‡ธ

Navantia

Madrid, SpainTraditional Prime
Spainโ€ข Founded: 1730 โ€ข Defense Revenue Share: 95%
MIB Industrial Index56.6
Defense Revenue$1.8 Billion
Backlog-to-Revenue3.60x Book Ratio
R&D Intensity4.8% of Revenue
Munitions Surge68 / 100 Surge
Aegis Guided Missile FrigatesAIP Conventional SubmarinesAmphibious Assault Ships (LHD)Naval Combat Systems & Propulsion
Revenue Scale24.1
Surge Capacity68.0
Backlog Health90.0
R&D Innovation40.0
Supply Sovereignty84.0