Industrial ranking
Top 15 largest US-listed defense, space and shipbuilding companies by revenue 2026
Lockheed Martin is the largest US-listed company in this group, with revenue of USD 75.0 billion in its fiscal year ending 31 December 2025. The list ranks the 15 largest of 20 US-listed defense, space and shipbuilding companies by revenue reported for their latest full fiscal year.
Top 10 at a glance
The full list
| Rank | Company | Headquarters | Revenue, latest full fiscal year (USD million) |
|---|---|---|---|
| 1 | Lockheed Martin | United States | 75,048 |
| 2 | General Dynamics | United States | 52,550 |
| 3 | Northrop Grumman | United States | 41,954 |
| 4 | Huntington Ingalls Industries | United States | 12,484 |
| 5 | Garmin | Switzerland | 7,245.5 |
| 6 | Teledyne Technologies | United States | 6,115.4 |
| 7 | Leonardo DRS | United States | 3,648 |
| 8 | Kratos Defense & Security Solutions | United States | 1,346.8 |
| 9 | Malibu Boats | United States | 914.6 |
| 10 | Rocket Lab | United States | 601.8 |
| 11 | MasterCraft Boat Holdings | United States | 348.9 |
| 12 | Redwire | United States | 335.4 |
| 13 | Intuitive Machines | United States | 210.1 |
| 14 | Voyager Technologies | United States | 166.4 |
| 15 | Firefly Aerospace | United States | 159.9 |
How this list is built
Revenue is total revenue as reported in each company's annual financial statements for its latest full fiscal year filed by 9 November 2026, in US dollars; fiscal years differ, so each entry shows its fiscal year end. Companies are included if their shares trade on a US stock exchange and their primary Standard Industrial Classification code is 3730, 3760, 3812; companies that report in another currency, including IFRS reporters that do not report in US dollars, are not included, and each figure was checked against the prior year, other reported revenue lines and total assets. Where a listed parent and a listed subsidiary both qualify only the parent is ranked, two listed entities that report the same consolidated results are counted once, and ties share a rank.
Every position is set by the data alone, by the same rules for every company. Spotted something to update? Write to info@stratummarketresearch.com with the list and the line, and we correct it within two working days.
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Frequently asked questions
Who is number one in the defense, space and shipbuilding companies by revenue ranking?
Lockheed Martin ranks first with 75,048 USD million (Latest full fiscal year reported by 9 November 2026 (fiscal years ending 27 December 2025 to 30 June 2026)).
How is this ranking calculated?
Revenue is total revenue as reported in each company's annual financial statements for its latest full fiscal year filed by 9 November 2026, in US dollars; fiscal years differ, so each entry shows its fiscal year end. Companies are included if their shares trade on a US stock exchange and their primary Standard Industrial Classification code is 3730, 3760, 3812; companies that report in another currency, including IFRS reporters that do not report in US dollars, are not included, and each figure was checked against the prior year, other reported revenue lines and total assets. Where a listed parent and a listed subsidiary both qualify only the parent is ranked, two listed entities that report the same consolidated results are counted once, and ties share a rank.
Can a company pay to rank higher?
Positions come only from the counts described above, and inclusion is free. Every company is ranked by the same rules.
How often is the ranking updated?
Every list is recomputed each quarter from the latest public records, and the update date is printed on the page.
Can a ranked company use the badge?
Yes. Every ranked company can use the free web badge on this page on its website, in press releases and on social media.
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