The combined sales of the 100 largest arms and military services companies stood at $531 billion in 2020, an increase of 1.3% compared to 2019.

Companies from the U.S. were once again the front-runners with 41 in the top 100 - with combined sales valued at $285 billion, an increase of 1.9% compared to 2019.

Lockheed Martin has been the top arms supplier since 2009. In 2020, its revenue from arms sales and military services totalled $58.2 billion or 11% of the top 100’s total arms sales.

Chinese firms accounted for 13% of total top 100 arms sales in 2020. The sales of the five Chinese companies in the top 100 amounted to an estimated $66.8 billion in 2020, 1.5% more than in 2019.

Three Indian companies also featured in the top 100, with Hindustan Aeronautics Ltd leading the sales with $3 billion and the combined sales of the three companies stood at $6.5 billion, 1.7% higher than the previous year.

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