The Global Defense Industry in One Chart
By Marcus Lu, Graphics/Design: Miranda Smith, Visual Capitalist
Defense companies play an important role in shaping global security, supplying everything from fighter jets and missiles to advanced cyber systems.
In 2025, the valuations of major defense contractors have surged to record levels due to ongoing armed conflicts and rising tensions within NATO.
To identify the industries leaders, we break down the biggest defense companies in one chart, based on May 20, 2025 market capitalizations.


