Lockheed Martin, BAE Systems, and Raytheon Company: The Big Three of Defense
Lockheed Martin Corp, BAE Systems, and Raytheon Company are the three largest defense contractors in the world. They are responsible for developing and manufacturing a wide range of weapons systems, including fighter jets, bombers, missiles, and ships.
Lockheed Martin is the largest defense contractor in the world, with annual revenues of over $60 billion. The company is known for its F-35 Joint Strike Fighter, the most expensive weapons system ever developed.
BAE Systems is the second-largest defense contractor in the world, with annual revenues of over $30 billion. The company is known for its Eurofighter Typhoon, a multirole fighter jet, and its Astute-class submarine.
Raytheon Company is the third-largest defense contractor in the world, with annual revenues of over $25 billion. The company is known for its Patriot missile system, a surface-to-air missile defense system, and its Tomahawk cruise missile.
The Big Three of Defense play a major role in the global economy. They employ millions of people and generate billions of dollars in revenue. They are also major players in the US military, providing the US government with the weapons and systems it needs to maintain its military power.
Other key points to include in the article:
- The Big Three of Defense are all based in the United States.
- They are major exporters of weapons and systems.
- They are facing increasing competition from Chinese defense contractors.
- They are investing heavily in research and development of new weapons systems.