Elbit’s armament system (photo by Elbit)
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 website “Defense News” (Defense News). 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.
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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 the 41st place in the world with 3.05 billion dollars.
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 list of the top ten closes BAE British Systems ($25.77 billion), China National Shipbuilding Corporation ($18.51 billion), North China Industries Group ($17.71 billion), andL3 American Harris Technologies ($14.92 billion).
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