Hanwha Ranks 16th Among World's Top 100 Defense Companies... Four Korean Defense Companies Positioned

[Financial News] Hanwha ranked 16th in the 'World's Top 100 Defense Companies by 2026' list released by the U.
S. military media outlet Defense News on the 31st of last month (local time). The photo shows a K-9 self-propelled artillery firing drill.S. military media outlet Defense News on the 31st of last month (local time). The photo shows a K-9 self-propelled artillery firing drill.
S. military media outlet Defense News on August 31 (local time), all four South Korean defense companies made the list, with Hanwha ranking 16th. LIG Nex1 rose from 53rd to 52nd, and Hyundai Rotem climbed from 67th to 61st.
Korea Aerospace Industries (KAI) was the only company to see its ranking drop from 62nd to 74th. This marks the second consecutive year that all four South Korean defense companies have been included in the top 100. Defense News ranks global defense companies based on total defense revenue from the previous year.
4 billion (approximately 14 trillion won) last year, accounting for 20% of total revenue. Defense sales increased by nearly $4 billion in the past year. LIG Nex1, whose entire revenue comes from the defense sector, recorded $3 billion in sales last year, an increase of nearly $700 million compared to the previous year.
4 billion during the same period. The proportion of defense sales was 60%. 8 billion.
The proportion of defense sales in total revenue was recorded at 72%. Hanwha is famous for the K-9 self-propelled howitzer and the Chunmoo multiple rocket launcher; Hyundai Rotem for the K-2 tank; and LIG Nex1 for missiles including the Cheongung-II. 5-generation multi-role fighter KF-21 and the light attack aircraft FA-50.
Meanwhile, the top four spots—Lockheed Martin, RTX (formerly Raytheon), General Dynamics, and Northrop Grumman—were all occupied by U. S. companies.
British company BAE Systems ranked 5th, and U. S. company Boeing ranked 6th.
From 7th place onwards, the positions were taken by the Aviation Industry Corporation of China (AVIC), U. S. company L3 Harris, Italy's Leonardo, and the European aircraft consortium Airbus.
Uniquely, the consulting firm Booz Allen Hamilton (U. S.
) ranked 19th. It was found that defense sales accounted for 71% of its revenue.
Booz Allen Hamilton's core businesses are information technology (IT) consulting, data analysis, cybersecurity solutions, and AI system integration targeting the U. S.
Department of Defense and intelligence agencies.
S. military media outlet Defense News on the 31st of last month (local time). The photo shows a K-9 self-propelled artillery firing drill.
[email protected] Song Gyeong-jae Reporter