• Top 10 Global Defence Companies & PE Ratios (as of September 30, 2025)

    Lockheed Martin (US) – P/E: 27.23

    Northrop Grumman (US) – P/E: 21.23

    Raytheon Technologies (RTX, US) – P/E: 35.35

    General Dynamics (US) – P/E: 21.45

    Boeing Defence (US) – P/E: N/A (loss-making)

    BAE Systems (UK) – P/E: 31.37

    Thales (France) – P/E: 50.88

    Safran SA (France) – P/E: 28.73

    Honeywell International (US) – P/E: 23.80

    China North Industries (NORINCO, China) – Not listed (largest defence supplier to Chinese military; entirely state-owned).