Revenue: US$101.1 billion, year-to-date gains: 2.34 percentĭespite a majority of its earnings coming from civilian aircraft development and sales, Boeing is the world’s second-largest defense contractor. On the NYSE, Lockheed Martin shares were trading at US$369.3 as of early August 2019, with the company up by 39.5 percent year-to-date.
The company is perhaps currently best known as the lead developer and manufacturer of the F-35 multirole combat aircraft, which is being sold to multiple US allies, though the US military remains the primary buyer. In the second quarter of 2019, the company posted revenues of US$14.4 billion and increased its outlook on all financial metrics. Lockheed Martin is the largest defense contractor in the world, with revenues of US$53.8 billion in 2018 - the majority of it from its aerospace and defense sector. Revenue: US$53.8 billion year-to-date gains: 39.5 percent So without further ado, here are the top five largest US defense companies on the NYSE based on revenue from their defense segments, with a look at how their share prices are tracking year-to-date.
Tenders and competition between companies operating in the same space was also a key indicator of performance. “Other international defense stocks have performed more in line with the broader market, reflecting an uptick in global defense spending, but still below the growth in US defense budgets,” said Arment.Įxperts approached by INN said that budgets, government policy, geo-political developments and elections all played a role in where the defense industry was tracking each year. In an interview with INN, Peter Arment, Baird’s senior research analyst in aerospace and defense, said that the defense sector in the United States was significantly outperforming the S&P 500 in 2019.
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