Top Defense Contractors in 2021
The defense industry is an extremely lucrative sector that is thriving as countries ramp up their military spending amid the changing geopolitical situation. The United States tops the list of the world’s biggest military spenders with a military budget of $940 billion. China, India and Russia are some of the other notable companies that spend a fortune every year on defense.
Major countries hire defense contractors for military equipment, services and maintenance of their defense systems. The U.S. Department of Defense has contracts worth billions of dollars with organizations from around the world. The prime contractors of the U.S. Department of Defense include The Boeing Company (NYSE: BA), Northrop Grumman Corporation (NYSE: NOC), and Huntington Ingalls Industries, Inc. (NYSE: HII).
By CHAD GARLAND | STARS AND STRIPES Published: May 20, 2021 The Marines have a line of trucks rolling across the U.S.A. as part of a test of radio communications systems tactics but they’re not on the citizens band. The convoy headed west out of Camp Lejeune on a four-week, 5,000-mile roundtrip mission in early May, the 2nd Marine Logistics Group said. It drove to Twentynine Palms, Calif., and was on its way back home Wednesday, a spokesman said. Along the way, the Marines in this 18-vehicle column have “experimented with tactics and procedures” for using high frequency radio systems to coordinate over vast distances.