Three Israeli companies rise in the global defense industry rankings
LONDON, (BM) – Three of Israel’s leading defense companies have significantly improved their positions this year, learned BulgarianMilitary.com.
The leader of the military high-tech company Elbit Systems increased sales by 22% (to $ 4 billion) and moved up from 35th to 31st place in the rating of the international auditing company Baker Tilly, based in London.
This breakthrough was largely due to the merger with another Israeli defense company, IMI-Israel Defense Industry (formerly TAS). Elbit completed its acquisition at the end of 2018.
Among the recent large orders of Elbit, one can mention the victory in the tender for the supply of electronic components for the US Army Bradlay infantry fighting vehicles in the amount of $ 79 million over 5 years. This was reported yesterday by the Israeli edition Bizportal.
The state-owned aviation industry moved up from 44th to 41st place with $ 3 billion in military sales (+ 14%). Military products account for two-thirds of its sales.
Finally, Rafael Advanced Defense Systems climbed from 46th to 44th place with $ 2.75 billion in sales, up 6% from last year.
The Baker Tilly report confirms the continued leading positions of American companies in the ranking of the defense industry. Lockheed Martin, which manufactures the F-35 stealth aircraft, remains the world’s largest military industrial company with $ 56.6 billion in 2019 sales (+ 12%).
Boeing is in second place with its F-18 aircraft and KC-46 air tankers. Over the year, their sales increased by 1% to 34.3 billion. The Americans are also in third place – General Dynamics, which produces surface and submarine warships (29.5 billion, + 7%).
American dominance is nothing new. But the gradual ousting of Europeans by Chinese defense companies is a trend of the last year. The manufacturer of aircraft, including the J-20 stealth aircraft, the Chinese company AVIC ranked 6th with $ 27.45 billion in sales. In 8th place is China North Industries, which develops weapons for the ground army.
“Compared to the strengthening of Chinese companies, which took two places in the top ten, the weakening of European companies is especially striking. Of these, only the British BEA managed to stay in the top ten. The French Thales and the Italian Leonardo fell into the second ten, as did the Russian Almaz-Antey,” the Israeli newspaper Kalkalist quotes a leading expert at Baker Tilly.
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