According to our database (as of May 2024), a total of 2,764 businesses operate in arms and defense manufacturing in Europe. These companies generate EUR 162B in annual sales and employ 1.8M people. The United Kingdom is leading in both the number of companies and total sales, followed closely by France and the Russian Federation.
Our analysis is based on data available in the HitHorizons database. Arms producers were identified using the following SIC Codes: Manufacturing of small arms, ordnance or accessories, small arms ammunition and ammunition-except small arms. We also included companies with other SIC Codes where our research showed that those companies produce arms. In the case of companies that, in addition to arms production, also engage in other activities, we only included sales numbers related to arms production.
According to the HitHorizons database there are 2,764 businesses producing arms in Europe. The highest number of companies is based in the UK (659 businesses representing 24% of all businesses included in this report), followed by the Russian Federation (260 companies), Germany (214 companies), Italy (208 companies), and France (199 companies). 20 countries have at least 30 companies operating in the arms and defense industry.
Arms and Defence Industry in Europe: Number of Companies Registered in Individual Countries
Companies operating in the arms and defense industry in Europe generate EUR 162B in sales. The highest annual sales are reported by businesses registered in the UK (EUR 41.3B which represents a 25% share of all sales generated by companies included in this analysis), followed by France (40.5B sales - 25% share), and the Russian Federation (EUR 29.9B - 18% share). Italy was fourth with a share of 11%. These TOP 4 countries generate 79% of all sales within the arms and defense industry in Europe.
Arms and Defence Industry in Europe: % of Sales Generated by Individual Countries
Country
Total Sales
Country
Total Sales
UNITED KINGDOM
€ 41,259,397,839
CZECH REPUBLIC
€ 1,058,515,528
FRANCE
€ 40,487,635,970
FINLAND
€ 993,615,864
RUSSIAN FEDERATION
€ 29,920,345,931
BULGARIA
€ 859,165,754
ITALY
€ 17,481,485,558
POLAND
€ 723,513,943
GERMANY
€ 11,440,823,591
BELGIUM
€ 652,959,089
SWEDEN
€ 4,676,459,077
DENMARK
€ 464,041,590
NETHERLANDS
€ 3,772,139,557
SERBIA
€ 390,391,192
NORWAY
€ 3,355,595,167
UKRAINE
€ 295,852,573
SPAIN
€ 1,823,434,411
ROMANIA
€ 283,144,247
AUSTRIA
€ 1,174,315,022
Others
€ 1,191,436,349
The highest average sales in the arms and defense industry are reported by businesses registered in the Netherlands (EUR 290M), France (EUR 203M), and the Russian Federation (EUR 115M). The UK, which has the highest number of companies operating in the arms and defense industry, has average sales of EUR 62.6M.
Arms and Defence Industry in Europe: Average Sales of Companies Registered in Individual Countries (in EUR)
Country
Average Sales
Country
Average Sales
NETHERLANDS
€ 290,164,581
CZECH REPUBLIC
€ 8,895,088
FRANCE
€ 203,455,457
BELGIUM
€ 8,823,771
RUSSIAN FEDERATION
€ 115,078,254
POLAND
€ 7,458,907
ITALY
€ 84,045,604
BOSNIA AND HERZEGOVINA
€ 5,114,916
SWEDEN
€ 77,940,985
SWITZERLAND
€ 4,779,309
UNITED KINGDOM
€ 62,609,101
LITHUANIA
€ 4,543,759
NORWAY
€ 58,870,091
HUNGARY
€ 4,126,012
GERMANY
€ 53,461,792
SLOVAKIA
€ 3,113,228
BULGARIA
€ 27,715,024
GREECE
€ 3,067,842
SERBIA
€ 26,026,079
BELARUS
€ 2,855,038
CROATIA
€ 19,982,183
SLOVENIA
€ 2,629,251
SPAIN
€ 15,995,039
UKRAINE
€ 2,224,455
FINLAND
€ 15,286,398
LATVIA
€ 969,057
PORTUGAL
€ 12,047,921
LUXEMBOURG
€ 888,847
DENMARK
€ 11,601,040
ICELAND
€ 458,832
AUSTRIA
€ 10,301,009
CYPRUS
€ 453,617
ESTONIA
€ 9,694,528
LIECHTENSTEIN
€ 185,788
ROMANIA
€ 9,438,142
IRELAND
€ 123,158
BAE SYSTEMS PLC (UK) reports the highest sales
BAE SYSTEMS PLC (UK) has the highest sales (EUR 26.9B which represents a 17% share of all sales generated by companies included in this analysis). It is the 3rd largest arms and defense company in the world. BAE Systems provides some of the world's most advanced, technology-led defense, aerospace and security solutions.
ROSTEKH, GK is second with EUR 16.8B in sales (10% share). Russia's military-industrial behemoth incorporates over 700 companies and employs over half a million people. This state-owned corporation oversees the research and development of military technologies and owns several production facilities.
LEONARDO, SPA is third with sales of EUR 12.5B (8% share). Leonardo is a global industrial group that builds technological capabilities in Aerospace, Defense & Security. The company plays a prominent role in major international strategic programs and is a trusted technological partner of governments, defense agencies, institutions and enterprises.
TOP 6 companies generate more than 50% of all sales reported by arms manufacturers covered in our overview. TOP 15 companies generate more than 70% of all sales reported by companies included in this report.
Arms and Defence Industry in Europe: % of All Sales of the Industry Generated by TOP 15 Companies
Company
Country
Arms Sales
BAE SYSTEMS PLC
UNITED KINGDOM
€ 26,900,000,000
ROSTEKH, GK
RUSSIAN FEDERATION
€ 16,810,000,000
LEONARDO SPA
ITALY
€ 12,470,000,000
AIRBUS
FRANCE
€ 12,090,000,000
THALES SIX GTS FRANCE SAS
FRANCE
€ 9,420,000,000
DASSAULT AVIATION
FRANCE
€ 5,070,000,000
ROLLS-ROYCE PLC
UNITED KINGDOM
€ 4,930,000,000
Rheinmetall AG
GERMANY
€ 4,550,000,000
NAVAL GROUP
FRANCE
€ 4,530,000,000
MBDA FRANCE
FRANCE
€ 4,380,000,000
SAFRAN AIRCRAFT ENGINES
FRANCE
€ 4,200,000,000
OSK, AO
RUSSIAN FEDERATION
€ 3,950,000,000
SAAB AB
SWEDEN
€ 3,700,000,000
BABCOCK INTERNATIONAL GROUP PLC
UNITED KINGDOM
€ 3,680,000,000
KNDS N.V.
NETHERLANDS
€ 3,200,000,000
ROSTEKH (Russian Federation) has the highest number of employees
ROSTEKH, GK has the highest number of employees among all companies included in our analysis (589,200 people - 32% share). AIRBUS is second with 147,893 employees (8% share). Thyssenkrupp AG is third with 99,981 employees (5% share).
TOP 15 companies employ 1.4M people, which represents a 78% share of all employees of companies included in our analysis.
Arms and Defence Industry in Europe: % of All Employees of the Industry Reported by TOP 15 Companies
Company
Country
Number of Employees
ROSTEKH, GK
RUSSIAN FEDERATION
589,200
AIRBUS
FRANCE
147,893
thyssenkrupp AG
GERMANY
99,981
BAE SYSTEMS PLC
UNITED KINGDOM
99,800
SAFRAN AIRCRAFT ENGINES
FRANCE
92,000
THALES SIX GTS FRANCE SAS
FRANCE
81,060
OSK, AO
RUSSIAN FEDERATION
73,392
LEONARDO SPA
ITALY
51,392
SERCO GROUP PLC
UNITED KINGDOM
49,960
ROLLS-ROYCE PLC
UNITED KINGDOM
41,400
Rheinmetall AG
GERMANY
33,700
BABCOCK INTERNATIONAL GROUP PLC
UNITED KINGDOM
26,735
SAAB AB
SWEDEN
21,480
MELROSE INDUSTRIES PLC
UNITED KINGDOM
17,234
MBDA FRANCE
FRANCE
15,000
UK has the highest number of proprietorships operating in the arms and defense industry
Most of the entities operating in the arms and defense industry in Europe are corporations (1,582), followed by proprietorships (838), and foreign entities (15). The legal form of remaining entities is not reported.
The highest number of proprietorships is based in the UK (220), followed by France (90), Germany (86), and Italy (60). It has to be noted that our database does not have complete proprietorship data for all countries included in this report.
Arms and Defence Industry in Europe: Number of Proprietorships Operating in Individual Countries
Country
Number of Proprietorships
UNITED KINGDOM
220
FRANCE
90
GERMANY
86
ITALY
60
AUSTRIA
54
BELGIUM
48
POLAND
39
CZECH REPUBLIC
37
FINLAND
36
NORWAY
27
Others
141
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