The Defense News Top 100 data from fiscal 2022 reveals that 49 of the top 100 defense companies reported a decline in defense sales from FY21 to FY22. The Russia-Ukraine war has led to defense spending increases in Europe, but it takes time for budgets to translate to sales growth. Currency fluctuations and labor and supply network constraints also impact defense sales dynamics. Lockheed Martin remains the top-ranked company for defense sales, and there are factors such as mergers, acquisitions, and changes in ownership that affect the rankings. The top 10 firms in this year's list accounted for nearly 56% of the total top 100 defense sales.
image sourced from original article at https://www.defensenews.com/opinion/2023/08/07/as-the-market-fluctuates-so-do-the-top-100-rankings/Original article source: https://www.defensenews.com/opinion/2023/08/07/as-the-market-fluctuates-so-do-the-top-100-rankings/
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