The Pentagon’s embrace of startups could fuel hypersonic tech

The DoD has shown signs it recognizes the value of partnering with companies whose capabilities could help with near-term needs.

Defense stocks flourish after Russian invasion of Ukraine

It's possible we will see a spike in M&A activity as larger firms take over subcontractors and supply chain partners they deem systemically important.

Why dozens of Russian enterprises are bankrupt, or heading that way

Years worth of sanctions have partly contributed to the current state of Russia’s defense-industrial base, but there's more to it than that.

Opinion

As the market fluctuates, so do the Top 100 rankings

The war in Ukraine has led to defense spending increases, particularly in Europe, but it’s taking time for budgets to translate to sales growth.

Defying fiscal disruption: Defense revenues on Top 100 continue to climb, despite supply chain turmoil

Businesses faced a thorny mess in 2021 amid supply chain snarls, labor shortages and government budget uncertainty. Even so, there are signs of the global defense industry’s continued resilience.

The list is here: Find out how global defense companies performed in FY21

We reveal who’s up and who’s down for 2022, based on fiscal 2021 defense revenue.

Turkey’s defense industry eyes export expansion as government navigates geopolitical stage

Joint efforts with Ukraine; emerging markets in Africa; exports reaching all-time highs. The Turkish defense industry has been incredibly busy, but it's not all good news for the marketplace.

India’s private defense firms seek level playing field as MoD preps new arms embargo

India has banned hundreds of defense technologies from import, but is the domestic industry seeing the benefits of government action?

China’s military modernization spurs growth for state-owned enterprises

What's the state of China's defense-industrial base, and which specific sectors are seeing increasing business?