Korean defense big 4 make global Top 100, led by Hanwha at No. 16
Four major defense companies have secured spots among the world’s top 100 defense companies, with Hanwha climbing six spots to No. 16 on sharply higher defense revenue. According to this year’s Top 100 ranking released by U.S. magazine Defense News on Monday (local time), Hanwha, LIG Defense & Aerospace (D&A), formerly known as LIG Nex1, Hyundai Rotem and Korea Aerospace Industries (KAI) were all…
This year, four leading Korean defense companies have made the list of the world's top 100 defense firms, with Hanwha making the biggest leap at No. 16. Released by Defense News, the annual ranking of defense companies is based on their defense revenue from the previous year. Hanwha Group experienced the most significant increase among the four, with its defense revenue rising by 53 percent to $10.44 billion in 2025.
This marks a 53 percent jump from $6.82 billion in 2024 and pushes Hanwha into the No. 16 spot, an improvement from its position in the previous year's ranking. The company's expansion into new markets and the U.S. market contributed to its strong performance.
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- Korean defense big 4 make global Top 100, led by Hanwha at No. 16 koreatimes.co.kr
