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…
South Korea's four major defense companies have made it into the world's top 100 defense firms, led by Hanwha which has climbed to No. 16. This ranking, released by U.S. magazine Defense News on Monday, shows a sharp increase in Hanwha's defense revenue. The company's revenue reached $10.44 billion in 2025, up from $6.82 billion the previous year, marking the largest growth among the four Korean companies.
Hanwha's revenue surged by around 53 percent year-on-year, a significant leap that propelled it up six spots. It moved up from 22nd place last year, contributing about 20 percent of its total $52.60 billion revenue in 2025. Hanwha Group has been increasing its presence beyond Europe and is also striving to establish a stronger foothold in the United States.
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- Korean defense big 4 make global Top 100, led by Hanwha at No. 16 koreatimes.co.kr
