The general global military economy has been transformed over the recent past by global military expenditure and technological advancement trends. A defence contractor is a business association or individual that provides products or services to a military or intelligence department of a government or country. Products typically include vehicles, weaponry, military or civilian aircraft, ships, and electronic systems. At the same time, services can consist of logistics, technical support and also training, communications support, and even engineering support in cooperation with the government.
Being a prime contractor can benefit any business’s growth and development. You can still bid for defence contracts whether you have a small business or a large establishment. Nevertheless, security contractors do not generally provide direct support for military operations. Under the 1949 Geneva Conventions, top military contractors engaged in direct support of military procedures may be legitimate targets of military interrogation.
Check out the list of the top 20 largest defence contractors in the world.
||Raytheon Technologies||36.79 billion
||Northrop Grumman||20.24 billion
|5.||General Dynamics Corp.
||BAE Systems||23.96 billion
||L3Harris Technologies||14.20 billion
||Thales Group||9.12 billion
|19.||Booz Allen Hamilton