Missiles And Missile Defense Systems Market Share

Market Share of Missiles And Missile Defense Systems Industry

The missile and missile defense systems market is fragmented, with many global and regional players in the market. Some prominent players in the missile and missile defense systems market are The Boeing Company, Lockheed Martin Corporation, RTX Corporation, Northrop Grumman Corporation, and MBDA Inc. The companies are increasing their presence in the market through long-term partnerships and contracts with government agencies and armed forces. For instance, in December 2021, RTX Corporation was awarded a contract worth USD 578 million to manufacture 54 SM-2 Block IIIAZ all-up round upgrades for the US and 215 Standard Missile-2 all-up rounds (SM-2 Block IIIA, IIIAZ, and IIIB variants) for seven partner nations (Chile, Denmark, Japan, the Netherlands, South Korea, Spain, and Taiwan). Furthermore, the companies continuously investing in the research and development of new missiles have been fostering the advancements in accuracy and efficiency of integrated weapon technologies and associated products and solutions of the missiles and missile defense systems.

Missiles Defence System Market Leaders

1. The Boeing Company

2. Lockheed Martin Corporation

3. Northrop Grumman Corporation

4. MBDA Inc.

5. RTX Corporation

*Disclaimer: Major Players sorted in no particular order