Hexa Research
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Japan, and China who are heavily spending on defense equipment. The Middle East and Africa regions thatare characterized by low-income nations are investing heavily in defense equipment in order to safeguard the economic development of their country. Saudi Arabia is a major economy in the Middle East region with their military budget listedamong the top 10 in the world.
The key manufacturers in the market include United Technologies( UTX), L-3 Communications( LLL), Finmeccanica, EADS, Northrop Grumman, Raytheon, General Dynamics, BAE Systems, Lockheed Martin, and Boeing. The other manufacturers include CACI International, ITT Exelis, Pratt & Whitney, General Electric, Honeywell, Computer Sciences Corp., and Oshkosh.
United Technologies manufactures a wide array of defense equipment including the Black Hawk and Seahawk Helicopters. L-3 Communications are majorly into the manufacturingof command control communications and national security solutions. Finmeccanica is an Italian manufacturer of arms, helicopters, and security electronics. The European Aeronautic Defense and Space Company( EADS) is a Dutch manufacturer of arms and helicopters. EADS and BAE Systems attempted a merger in 2012 but the merger was called off when the chancellor of Germany expressed concerns over the merger. Northrop Grumman is majorly into the manufacturingof aircraft, missiles electronics, ships, and space equipment. The company gains maximum revenue from the sales of arms. Raytheon is well-known manufacturer of Tomahawk cruise missile. The company is majorly into the manufacturing of electronics and missiles. General Dynamics is the third largest supplier of defense equipment to the U. S government. The company majorly manufactures artillery, vehicles, electronics, ships, and small arms. BAE Systems are the largest non-U. S company manufacturing electronics, aircraft, space equipment, and missiles. Lockheed Martin is the leading company manufacturing defense equipment. The product portfolio of the company
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