Boeing Holds Top Spot among Arms Exporters

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:

Boeing Co.
Lockheed Martin Corp.
Raytheon Co.
Airbus
United Aircraft Corp.
Russian Helicopters
United Technologies Corp.
BAE Systems
Thales Group
Finmeccanica

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