Every year, the world’s most powerful countries spend billions of dollars on defense—but where does this money actually flow?

To gain insight, we’ve ranked the world’s top 25 defense companies by 2022 revenues, using data from Defense News.

Note that our graphic shows each company’s revenues from defense, and not total revenues. This is because many companies such as Boeing also generate revenue from non-defense related industries and sectors.

Data and Country Highlights

The data we used to create this graphic is listed in the table below.

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