subsidiary, BAE Systems, Inc., which by itself would be the seventh-largest weapons manufacturer in the world. Sector: Aircraft, Artillery, Electronics, Missiles, Military vehicles, Small arms/ammunition, ShipsД«AE Systems is an aerospace and defense contractor based in the UK.In 2007, the Lockheed was the third-largest arms producer. Despite being the largest military service company on this list, Lockheed is only the fourth-largest company by overall sales among the companies featured on this list. Lockheed produces a number of major products, including the Trident missile and the F-16 and F-22 fighter jets. In 2010, the companyвЂ™s government contracts totaled nearly $36 billion. In addition to being the worldвЂ™s largest arms-seller, Lockheed is also the largest federal contractor in the U.S. Although military sales make up the majority of its revenue, it is significantly less than many other major arms-producers, including BAEвЂ™s 95 percent share.

Lockheed Martin is the largest arms-producing and military services company in the world, with nearly $3 billion more in arms sales than second place BAE Systems. federal contractors by amount procured, according to the governmentвЂ™s Federal Procurement Data System.Дў4/7 Wall St.: The 10 most expensive weapons in the world federal government has contract deals with all seven American companies.

Seven of SIPRIвЂ™s top 10 are American, one is British, one is Italian and one is a multinational EU conglomerate. The American companies account for more than 60 percent of arms sales revenue of the 100 manufacturers. Of the 100 companies on the list, 44 are based in the U.S., including Boeing, Northrop Grumman and Lockheed Martin. All of the companies in the top 10 have significant electronics divisions. Surveillance and battlefield communications also are increasingly important in modern warfare. As a consequence, seven of the 10 largest companies are among the leading aerospace companies. More and more, battles are fought remotely through air surveillance and strikes rather than on-the-ground combat.

The composition of the 10 largest manufacturers reflects the state of modern warfare. Instead,В Jackson notes that loss in sales was due to вЂњthe withdrawal of foreign troops from Iraq and the subsequent expected decrease in related equipment sales.вЂќ According to SIPRI arms industry expertВ Susan Jackson, when sales dropped, it was not because of the financial crisis. While many industries continued to suffer in 2010 as a result of the financial crisis, leaders in the arms and military services were largely unaffected.

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