“Ukroboronprom” was again among the largest defensive companies in the world

Eugene Gubin Issues of news editor. General experience in journalism is over 18 years. I admire technologies, space and adore dogs.

The rating of the largest defensive companies in the world as a result of 2024 published Defense News.

Herman Smetanine

According to Herman Smetanin, in 2024, the company’s defense revenue was more than $ 3 billion compared to $ 2.2 billion in 2023.

“This gave a rate of growth by 36.3%, which is much higher than the world average, which is 11.2% among the top 100 defense companies in the world; JSC” UOP “took 49th place in absolute defense income,” – said Herman Smetanin.

He also noted that the dynamics of growth of income from the sale of defense products “Ukroboronprom” was in 16th place.

Herman Smetanine

The head of the company also listed the leaders in the production and sale of weapons. As before, income is leading Lockheed Martin ($ 68.4 billion), RTX ($ 43.5 billion) and CASIC (China, $ 38.7 billion).

In terms of growth, leaders were: Anduril (USA, +138%), Askeri Fabrika (Turkey, +100%), SES (Luxembourg, +93.7%) and Norinco ( +93.6%).

“The top 30 dynamic companies in the world are US, China, Turkey, Europe and South Korea,” Herman Smetanin added.

In addition, he assumed that in this year’s rating there were several loud “newcomers” who were not previously one hundred. Among them:

• GE Aerospace (USA) – 23 place ($ 6.1 billion of defense income);

• MBDA (France) – 27th ($ 5.3 billion);

• Advanced Technology International (USA) – 33 place ($ 4.7 billion);

• Edge Group (UAE) – 38 place ($ 4.0 billion);

• SpaceX (USA) – 40 place ($ 4.0 billion of defense contracts);

• Korea Aerospace Industries (Kai, South Korea) – 62 place ($ 2.0 billion);

• Hyundai Rotem (South Korea) – 67 place ($ 1.7 billion);

• Palantir Technologies (USA) – 70 place ($ 1.6 billion);

• Askeri Fabrika Ve Tersane (Turkey) – 78 place ($ 1.3 billion);

• Makine ve kimya endustrisi (MKE, Turkey) – 80 place ($ 1.2 billion);

• Anduril (USA) – 93 place ($ 0.95 billion, growth +138% – fastest in the world);

• M1 Support Services (USA) – 94 place ($ 0.9 billion);

• AM General (USA) – 99th ($ 0.74 billion).

At the same time, the head of Ukroboronprom reported that only the 54 largest defense companies have increased last year. The rest showed a fall in income.

“The total volume of military products produced by the 100 largest defense companies in the world in 2024 increased by 11.2% and amounted to $ 661 billion,” he added.

Herman Smetanin stressed that Ukraine is becoming a key player in the world defense industry.

Herman Smetanine

“There are more than 56,000 weapons for these figures, and I thank everyone for this result. At the same time, we all understand that this is still not enough. So we work every day to increase the production of weapons and military equipment for the Ukrainian army,” he summarized.

Recall that Ukroboronprom took 49th place in the rating of the top 100 Defense Companies 2024, which includes leading world weapons manufacturers, weapons, And he became the leader in the growth of revenue from the sale of military products. The company ranked 65th in the ranking of 2023.

In early August, the first deputy Lieutenant General Ivan Havrylyuk, Minister of Defense, reported that about 900 enterprises cover the defense and industrial complex of Ukraine. Most of them are private ownership.

By the way, it has recently become known that Herman Smetanin was headed by Ukroboronprom for the second time. There were 14 candidates in total. Their selection and evaluation were carried out by the international company Odgers Berndtson.