South Korean and Turkish Defense Firms Climb Global Industry Rankings
Recent global defense industry rankings highlight significant gains for South Korean and Turkish manufacturers, with several companies securing spots in the world’s top 100. The updated list reflects shifting market dynamics and increasing export competitiveness in the international arms sector.
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Hanwha rises to No. 16 among global defense giants
Four South Korean defense companies — Hanwha Group, LIG Nex1, Hyundai Rotem and Korea Aerospace Industries — made the world’s 100 largest defense contractors for a second consecutive year, reflecting the industry’s growing export presence, particularly in Europe. Hanwha climbed six places to No. 16 in the annual ranking released Monday by US publication Defense News. The list ranks companies by defense revenue from the previous year. Hanwha’s defense revenue surged to $10.44 billion in 2025 from
By The Korea Herald
Read full article →4 S. Korean defense companies listed among world's top 100 defense firms
WASHINGTON, Aug. 31 (Yonhap) -- Four major South Korean defense companies have r...
By Song Sang-ho
Read full article →5 Turkish defense firms enter global top 100 list
Five Turkish defense companies, led by electronics giant Aselsan, found their places in the prestigious Defense News Top 100 list based on their 2025 defense sales. Defense giant...
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