The Israeli defense industry leads by a considerable margin the scope of revenues in the industry in the Middle East. This is according to the annual list of 100 defense companies published this week by the “Defense News” website. The three Israeli companies that entered the list, Elbit, Israel Aerospace Industries and Rafael, reached a total revenue of $11.7 billion in 2021 – much more than the Turkish companies that reached $4.36 billion.
The top Israeli company on the list is Elbit, which reached the 31st place in the world with a volume of revenue that is greater than the revenue of all the Turkish companies combined – 4.77 billion dollars in 2021, an increase of 13% from 4.22 billion dollars in 2020. The company dropped one place compared to last year. Not far down the table is the Aerospace Industry, which remained in 37th place with the scope of revenues from the defense sector in 2021 of $3.86 billion – a 16% increase from $3.32 billion in 2020. The last Israeli company to enter the list is Rafael, which rose three places to 41st place in the world with $3.05 billion in revenue in 2021, after $2.78 billion (an increase of 9%).
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For the purpose of comparison, the most senior Turkish company on the list is the producer of weapons “Aslan”, which reached the 49th place with a revenue volume of 2.25 billion dollars – with only a moderate increase from 2.18 billion dollars in 2020. At the same time, the Turkish Aerospace Industry (TAI) reached the 67th place with revenues of 1.3 billion dollars in 2021 (after 1.26 billion dollars in 2020), and the rocket manufacturer “Rocketsan” reached the 86th place – thanks to a 42% jump in its revenues in 2021 to 814 million dollars.
Roketsan is not the only Middle Eastern company that entered the list of the 100 largest companies for the first time. Saudi military industries barely entered the 98th place with a revenue volume of 604.95 million dollars in 2021, after a jump of 2,898% from 2020.
The top of the security revenue table is occupied by five American companies: Lockheed Martin ($64.45 billion), Raytheon ($41.85 billion), Boeing ($35.09 billion), Northrop Grumman ($31.42 billion), and General Dynamics ( 30.8 billion dollars). The top non-American company is China Aerospace Industries, which came in sixth with $30.15 billion. The top ten list is closed by the British BAE Systems ($25.77 billion), the Chinese National Shipbuilding Corporation ($18.51 billion), North China Industries Group ($17.71 billion), and the American L3 Harris Technologies ($14.92 billion).