Boeing Holds Top Spot among Arms Exporters



Controlling the sky

According to 2014 rankings, Boeing maintains its standing as the world’s top exporter of arms. This is the Seattle-based company’s second consecutive year at number one. For fiscal year 2014, thirty percent of the company’s revenue (over $27 billion) came from things “pursuant to U.S. government contracts, which include foreign military sales through the U.S. government.” However, Boeing’s total sales to the US government saw a slight dip in percentage, going down from 34% in 2013 to 30% to 2014.

The Middle East in particular has driven demand among arms-exporting companies. The region accounted for $9.24 billion worth of Boeing’s revenue (including commercial aircraft) for 2014. Saudi Arabia alone purchased $6.5 billion worth of military goods, an increase of over 50% from 2013. That number is expected to climb to nearly $10 billion in 2015. One of Boeing’s sales to Saudi Arabia remains the largest foreign military arms sale in US history. In 2011, the country purchased 84 new F-15 Strike Eagle fighters, as well as a contract to upgrade 70 existing F-15s. Including new helicopters, support and training, the total sale to Saudi Arabia was worth about $29.4 billion. Deliveries of new Strike Eagles begin this year and go through 2019, while upgrades are slated to begin in 2016.

The top 10 arms exporters for 2014 is as follows:

  1. Boeing Co.
  2. Lockheed Martin Corp.
  3. Raytheon Co.
  4. Airbus
  5. United Aircraft Corp.
  6. Russian Helicopters
  7. United Technologies Corp.
  8. BAE Systems
  9. Thales Group
  10. Finmeccanica

Via our proprietary website ASAP Purchasing, ASAP Semiconductor is a leading supplier of Boeing products. Prospective customers can browse our inclusive inventory of hard-to-find obsolete and current Boeing parts at https://www.asap-purchasing.com/. If you are interested in a part, please feel free to contact our knowledgeable sales staff at sales@asapsemi.com or 1-866-756-8540 for a quote.



Share


Recent Twitter Posts

ASAP Semiconductor's Certifications and Memberships
Certification
LINKING, FRAMING, MIRRORING, SCRAPING OR DATA-MINING STRICTLY PROHIBITED