2008
| Rank | Company | Leadership | Country | Last Year's Rank | 2006 Defense Revenue* | 2005 Defense Revenue** | 2006 Total Revenue* | % of Revenue from Defense |
| 1 | Lockheed Martin | Robert Stevens, President and CEO | U.S. | 1 | $36,090.0 | 34,225.0 | $39,620.0 | 91.0% |
| 2 | Boeing | James McNerney, Chairman, President and CEO | U.S. | 2 | 30,800.0 | 29,200.0 | 61,530.0 | 50.0 |
| 3 | BAE Systems | Mike Turner, CEO | U.K. | 4 | 25,070.6 | 20,935.2 | 26,967.6 | 93.0 |
| 4 | Northrop Grumman | Ronald Sugar, Chairman and CEO | U.S. | 3 | 23,649.0 | 23,332.0 | 30,148.0 | 78.4 |
| 5 | Raytheon | William Swanson, Chairman and CEO | U.S. | 5 | 19,500.0 | 18,200.0 | 20,291.0 | 96.1 |
| 6 | General Dynamics | Nicholas Chabraja, Chairman and CEO | U.S. | 6 | 18,769.0 | 16,570.0 | 24,063.0 | 78.0 |
| 7 | EADS | Thomas Enders and Louis Gallois, co-CEOs | Netherlands | 7 | 13,202.7 | 9,120.3 | 52,018.6 | 25.4 |
| 8 | L-3 Communications | Michael Strianese, CEO | U.S. | 8 | 9,989.6 | 8,549.2 | 12,476.9 | 80.1 |
| 9 | Finmeccanica | Pierfrancesco Guarguaglini, Chairman and CEO | Italy | 11 | 9,057.1 | 7,125.7 | 16,466.4 | 55.0 |
| 10 | United Technologies | George David, Chairman and CEO | U.S. | 12 | 7,652.6 | 6,832.0 | 47,829.0 | 16.0 |
| 11 | Thales | Denis Ranque, Chairman and CEO | France | 9 | 6,997.4 | 8,523.3 | 13,598.8 | 51.5 |
| 12 | KBR 1 | William Utt, President, CEO and Director | U.S. | NR | 6,400.0 | NA | 9,600.0 | 66.7 |
| 13 | SAIC 2 | Ken Dahlberg, Chairman, CEO and President | U.S. | 13 | 5,800.0 | 5,400.0 | 8,300.0 | 69.9 |
| 14 | General Electric 3 | Jeffrey Immelt, Chairman and CEO | U.S. | 14 | 4,600.0 | 3,500.0 | 15,400.0 | 29.9 |
| 15 | Honeywell 4 | David Cote, Chairman and CEO | U.S. | 32 | 4,400.0 | NA | 31,600.0 | 13.9 |
| 16 | Rolls-Royce | Sir John Rose, CEO | U.K. | 17 | 4,062.3 | 3,293.6 | 14,007.8 | 29.0 |
| 17 | ITT | Steve Gaffney, President of Defense | U.S. | 18 | 3,659.3 | 3,220.0 | 7,807.9 | 46.9 |
| 18 | DCNS | Jean-Marie Poimboeuf, President and CEO | France | 16 | 3,564.7 | 3,352.0 | 3,564.7 | 100.0 |
| 19 | Computer Sciences Corp. | Michael W. Laphen, Chairman, CEO and Director | U.S. | 15 | 3,530.0 | 3,368.9 | 14,615.6 | 24.2 |
| 20 | ATK 5 | Daniel Murphy, Chairman and CEO | U.S. | 20 | 3,066.0 | 2,882.0 | 3,565.0 | 86.0 |
| 21 | DRS Technologies 5 | Mark Newman, Chairman, President and CEO | U.S. | 28 | 2,736.5 | 1,674.8 | 2,821.2 | 97.0 |
| 22 | SAFRAN Group | Jean-Paul Béchat, CEO | France | 19 | 2,640.5 | 3,074.8 | 14,958.7 | 17.7 |
| 23 | Saab Åke | Svensson, President and CEO | Sweden | 24 | 2,461.9 | 1,941.4 | 3,077.5 | 80.0 |
| 24 | Booz Allen Hamilton 5 | Ralph Shrader, Chairman and CEO | U.S. | 21 | 2,449.0 | 2,183.0 | 4,000.0 | 61.2 |
| 25 | Mitsubishi Heavy Industries 5 6 | Kazuo Tsukuda, President | Japan | 23 | 2,354.4 | 2,055.9 | 26,024.9 | 9.0 |
| 26 | Textron | Lewis Campbell, Chairman, President and CEO | U.S. | 36 | 2,088.0 | 1,400.0 | 11,490.0 | 18.2 |
| 27 | Rockwell Collins 7 | Clayton Jones, Chairman, President and CEO | U.S. | 25 | 2,043.0 | 1,810.0 | 3,864.0 | 52.9 |
| 28 | Almaz-Antei 8 | Vladislav Menschikov, Director | Russia | 30 | 2,019.6 | 1,567.5 | 2,362.1 | 85.5 |
| 29 | EDS | Michael Jordan, Chairman and CEO | U.S. | 37 | 1,940.6 | 1,400.0 | 21,300.0 | 9.1 |
| 30 | Rheinmetall | Klaus Eberhardt, Executive Board Chairman | Germany | 29 | 1,907.8 | 1,660.6 | 4,791.3 | 39.8 |
| 31 | Armor Holdings | Warren Kanders, Chairman and CEO | U.S. | 41 | 1,897.8 | 1,188.6 | 2,360.9 | 80.4 |
| 32 | URS 9 | Martin Koffel, Chairman, President and CEO | U.S. | 26 | 1,759.0 | 1,729.0 | 4,240.0 | 41.5 |
| 33 | Israel Aerospace Industries 10 | Itzhak Nissan, President and CEO | Israel | 31 | 1,746.0 | 1,560.0 | 2,813.0 | 62.1 |
| 34 | Hindustan Aeronautics 5 | Ashok Baweja, CEO | India | 45 | 1,665.0 | 1,053.0 | 1,850.0 | 90.0 |
| 35 | Dassault Aviation | Charles Edelstenne, Chairman and CEO | France | 22 | 1,649.0 | 2,108.3 | 4,359.5 | 37.8 |
| 36 | QinetiQ 5 | Graham Love, CEO | U.K. | 27 | 1,513.3 | 1,677.1 | 1,983.4 | 76.3 |
| 37 | Goodrich | Marshall Larsen, Chairman, President and CEO | U.S. | 34 | 1,500.0 | 1,500.0 | 5,878.0 | 25.5 |
| 38 | Harris 11 | Howard Lance, Chairman, President and CEO | U.S. | 33 | 1,500.0 | 1,500.0 | 3,474.8 | 43.2 |
| 39 | Elbit Systems | Joseph Ackerman, President, CEO and Director | Israel | 46 | 1,402.0 | 998.0 | 1,520.0 | 92.2 |
| 40 | GKN Group 7 | Kevin Smith, CEO | U.K. | 60 | 1,376.3 | 743.4 | 6,797.4 | 20.2 |
| 41 | Krauss-Maffei Wegmann | Frank Haun, Chairman and CEO | Germany | 62 | 1,320.3 | 710.7 | 1,320.3 | 100.0 |
| 42 | Oshkosh Truck 7 | Robert Bohn, Chairman, President and CEO | U.S. | 44 | 1,317.2 | 1,061.0 | 3,427.0 | 38.4 |
| 43 | CACI 11 | J.P. London, Chairman, President and CEO | U.S. | 42 | 1,282.6 | 1,179.3 | 1,755.3 | 73.1 |
| 44 | Bechtel Group 12 | Riley Bechtel, Chairman and CEO | U.S. | 35 | 1,264.5 | 1,488.9 | 20,000.5 | 6.2 |
| 45 | VT Group 5 | Paul Lester, CEO | U.K. | 40 | 1,217.9 | 1,273.2 | 1,739.8 | 70.0 |
| 46 | Cobham | Allan Cook, CEO | U.K. | 55 | 1,214.7 | 877.6 | 1,978.7 | 61.4 |
| 47 | Kawasaki Heavy Industries 5 6 | Tadaharu Ohashi, President | Japan | 43 | 1,107.7 | 1,103.2 | 12,201.4 | 9.1 |
| 48 | ManTech International | George Pedersen, Chairman and CEO | U.S. | 51 | 1,082.6 | 930.3 | 1,137.2 | 95.2 |
| 49 | Rafael Armament Development Authority | Yedidia Yaari, President and General Manager | Israel | 57 | 1,056.3 | 845.7 | 1,056.3 | 100.0 |
| 50 | Mitsubishi Electric 5 6 | Setsuhiro Shimomura, President | Japan | 47 | 998.3 | 971.4 | 30,568.2 | 3.3 |
| 51 | Nexter | Luc Vigneron, Chairman and CEO | France | 56 | $950.6 | $865.8 | $950.6 | 100.0% |
| 52 | Diehl Stiftung | Thomas Diehl, President and CEO | Germany | 63 | 949.8 | 689.9 | 2,878.2 | 33.0 |
| 53 | Washington Group International | Stephen Hanks, President and CEO | U.S. | 49 | 907.3 | 952.0 | 3,398.1 | 26.7 |
| 54 | ST Engineering | Tan Pheng Hock, President and CEO | Singapore | 52 | 906.8 | 921.8 | 2,925.2 | 31.0 |
| 55 | Babcock International Group 5 | Peter Rogers, CEO | U.K. | 74 | 858.9 | 563.7 | 1,455.7 | 59.0 |
| 56 | Battelle 7 | Carl Kohrt, President and CEO | U.S. | 59 | 840.0 | 746.0 | 3,815.1 | 22.0 |
| 57 | Indra Sistemas | Javier Monzón, CEO | Spain | 99 | 792.2 | 303.3 | 1,584.3 | 50.0 |
| 58 | Bharat Electronics 5 | V. V. R. Sastry, Chairman and Managing Director | India | 76 | 781.6 | 541.8 | 977.0 | 80.0 |
| 59 | NEC 5 6 | Kaoru Yano, President | Japan | 53 | 704.8 | 917.0 | 39,460.0 | 1.8 |
| 60 | EDO | James Smith, Chairman, President and CEO | U.S. | 67 | 686.0 | 623.0 | 715.2 | 95.9 |
| 61 | Tactical Missiles 8 | Boris Obnosov, Director | Russia | 87 | 674.8 | 423.8 | 710.4 | 95.0 |
| 62 | Fincantieri | Giuseppe Bono, CEO | Italy | 73 | 652.9 | 576.2 | 3,256.7 | 20.0 |
| 63 | The Aerospace Corp. | William Ballhaus, President and CEO | U.S. | 71 | 637.3 | 580.9 | 719.7 | 88.6 |
| 64 | Jacobs Engineering Group 7 12 | Noel Watson, Chairman and CEO | U.S. | 83 | 504.8 | 479.0 | 7,421.3 | 6.8 |
| 65 | Aviation Holding Company Sukhoi 8 | Mikhail Pogosyan, Director | Russia | 80 | 625.6 | 514.8 | 742.1 | 84.3 |
| 66 | Patria | Jorma Wiitakorpi, CEO | Finland | NR | 622.5 | 360.0 | 732.1 | 85.0 |
| 67 | Irkut 8 | Oleg Demchenko, Director | Russia | 64 | 590.6 | 687.0 | 641.5 | 92.1 |
| 68 | MiG 8 | Alexei Fyodorov, Director | Russia | NR | 587.3 | 403.0 | 596.2 | 98.5 |
| 69 | Tenix Defence 11 | Greg Hayes, CEO | Australia | 68 | 584.1 | 602.0 | 1,095.2 | 53.3 |
| 70 | Teledyne Technologies | Robert Mehrabian, Chairman, President and CEO | U.S. | 81 | 569.4 | 510.6 | 1,433.2 | 39.7 |
| 71 | Cubic 7 | Walter Zable, Chairman, President and CEO | U.S. | 75 | 564.4 | 543.4 | 821.4 | 68.7 |
| 72 | AAI | Frederick Strader, President and CEO | U.S. | 82 | 564.0 | 480.0 | 564.0 | 100.0 |
| 74 | Ultra Electronic Holdings | Douglas Caster, CEO | U.K. | 79 | 561.3 | 519.0 | 738.6 | 76.0 |
| 74 | Russia’s Helicopters 8 | Yuri Ivanov, Director | Russia | NR | 558.0 | NA | 558.0 | 100.0 |
| 75 | Curtiss-Wright | Martin Benante, Chairman and CEO | U.S. | 78 | 549.0 | 520.0 | 1,282.2 | 42.8 |
| 76 | Ufa Enginebuilding 8 | Alexander Artyukhov, CEO | Russia | NR | 548.7 | NA | 569.8 | 96.3 |
| 77 | Ruag Suisse | Konrad Peter, Chairman | Switzerland | 72 | 545.6 | 580.7 | 1,023.2 | 53.3 |
| 78 | ARINC | John Belcher, Chairman and CEO | U.S. | 98 | 537.5 | 330.1 | 918.8 | 58.5 |
| 79 | Korea Aerospace Industries | Jeong Hae Ju, President and CEO | South Korea | 69 | 532.0 | 595.6 | 705.0 | 75.5 |
| 80 | Severnaya Verf 8 | Andrei Fomichev, Director | Russia | 86 | 526.4 | 436.1 | 658.0 | 80.0 |
| 81 | Aerospace Equipment 8 | Sergei Bodrunov, Director | Russia | 91 | 518.3 | 397.3 | 730.0 | 71.0 |
| 82 | Meggitt | Terry Twigger, CEO | U.K. | 66 | 511.9 | 625.4 | 1,312.6 | 39.0 |
| 83 | CAE 5 | Robert Brown, President and CEO | Canada | 84 | 489.6 | 452.3 | 1,082.4 | 45.2 |
| 84 | Israel Military Industries | Avi Felderi, Managing Director | Israel | 92 | 481.6 | 379.0 | 481.6 | 100.0 |
| 85 | Kongsberg Gruppen | Jan Erik Korssjøen, CEO | Norway | 58 | 481.2 | 390.8 | 1,078.9 | 44.6 |
| 86 | Alion Science and Technology 7 | Bahman Atefi, CEO | U.S. | NR | 451.8 | NA | 508.6 | 88.8 |
| 87 | BearingPoint | Harry You, CEO | U.S. | 90 | 414.0 | 405.6 | 3,450.0 | 12.0 |
| 88 | Ball 3 | David Taylor, President and CEO | U.S. | 94 | 412.3 | 361.4 | 6,621.5 | 6.2 |
| 89 | IHI Marine United 5 | Yoshinori Imashimizu, President, Representative Director | Japan | NR | 378.3 | NA | 848.1 | 44.6 |
| 90 | Fujitsu 5 6 | Hiroaki Kurokawa, President | Japan | NR | 374.0 | 266.2 | 581.0 | 64.4 |
| 91 | KB Priborostroyeniya (Instrument Design Bureau) 8 | Alexander Rybas, Director | Russia | NR | 369.9 | NA | 371.7 | 99.5 |
| 92 | Toshiba 5 6 | Atsutoshi Nishida, President and CEO | Japan | 88 | 358.8 | 421.1 | 53,801.0 | 0.7 |
| 93 | Rotem Co. | Yeo-Sung Lee, CEO | Korea | NR | 356.4 | NA | 1,682.7 | 21.2 |
| 94 | MMPP Salyut 8 | Yuri Yeliseyev, Director | Russia | 96 | 351.1 | 346.2 | 425.5 | 82.5 |
| 95 | Orbital Sciences | David Thompson, Chairman and CEO | U.S. | 95 | 321.2 | 350.0 | 803.0 | 40.0 |
| 96 | IHI 5 6 | Mototsugu Ito, President | Japan | 100 | 310.0 | 296.0 | 10,466.0 | 3.0 |
| 97 | Aselsan | Cengiz Ergeneman, General Manager | Turkey | NR | 308.5 | 279.3 | 341.1 | 90.4 |
| 98 | Komatsu 5 6 | Masahiro Sakane, President and CEO | Japan | NR | 307.9 | 287.5 | 16,058.0 | 1.9 |
| 99 | Admiralteiskiye Verfi 8 | Vladimir Alexandrov, Director | Russia | 65 | 304.6 | 644.6 | 385.0 | 79.1 |
| 100 | Chemring 13 | David Price, CEO | U.K. | NR | 302.9 | NA | 356.5 | 85.0 |
NOTES |