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The year 2009 witnessed the large increase of global military expenditure. The military expenditure of the USA, China, Russia, and India saw a year-on-year rise of 7%, 14.9%, 27%, and 24% respectively. The robust growth of military expenditure worldwide will fuel the demand of global military market. Still, the USA and Europe remain the major exporting areas of weaponry, while the military industry of Asian region has developed rapidly during the recent years, mainly contributed by such nations as China, Japan, India and Israel. The rest of the world, including Africa and Latin America, is still the importing regions of armament products.
The substantial increase of global military expenditure in 2009 obviously promoted the major military enterprises across the world and the operating revenue of all chief military magnates including Lockheed Martin (USA) and BAE Systems (Britain) grew significantly. Against 2008, the operating revenue of Lockheed Martin and BAE Systems in 2009 rose by 6% and 17% respectively.
As for the military industry of China, the relatively fast growth of China’s military expenditure in recent years has been the main drive for the development of Chinese military enterprises. The domestic key military industrial groups, including Aviation Industry Corporation of China, China North Industries Group Corporation, China Shipbuilding Industry Corporation, etc., are accelerating the further reorganization in property rights and structure, based on the traditional transfer of military-to-civil business. The securitization of military industrial assets is given priority to be geared. Among the listed companies subordinated to the current military industrial groups, taking China Aerospace Times Electronics Co., Ltd as an example, in 2009, the operating revenue of its businesses like rocket, satellite, micro-electronics and precision-guided counterwork accounted for 79.5% of the company’s total revenue, forming the major driving force for the rising benefits of the company.
Table of Contents
1 Overview of Global Military Industry
1.1 Definition and Classification
1.2 Growth of Global Defense Budget
1.3 Supply & Demand
2 Major Military Enterprises Worldwide
2.1 Boeing
2.1.1 Profile
2.1.2 Operation
2.1.3 Military Business
2.2 Lockheed Martin
2.2.1 Profile
2.2.2 Operation
2.2.3 Main Military Business
2.3 Northrop Grumman
2.3.1 Profile
2.3.2 Main Military Business
2.3.3 Operation
2.4 BAE Systems
2.4.1 Profile
2.4.2 Operation
2.4.3 Main Military Business
2.5 Raytheon
2.5.1 Profile
2.5.2 Operation
2.5.3 Main Military Business
2.6 EADS
2.6.1 Profile
2.6.2 Operation
2.6.3 Main Military Business
2.7 Thales
2.7.1 Profile
2.7.2 Orders
2.7.3 Operation
2.8 General Dynamics
2.8.1 Profile
2.8.2 Operation
2.9 Finmeccanica
2.9.1 Profile
2.9.2 Operation
2.9.3 Main Military Business
2.10 L-3 Communications
2.10.1 Profile
2.10.2 Operation
2.10.3 Main Military Business
2.11 United Technologies
2.11.1 Profile
2.11.2 Operation
2.11.3 Main Military Business
2.12 Honeywell
2.12.1 Profile
2.12.2 Operation
2.12.3 Main Military Business
2.13 Rheinmetall
2.13.1 Profile
2.13.2 Operation
2.14 ATK
2.14.1 Profile
2.14.2 Operation
2.15 Rolls-Royce
2.15.1 Profile
2.15.2 Operation
2.15.3 Main Military Business
3 Development Environment of China Military Industry
3.1 Status Quo of China National Defense Equipment
3.2 Growth of China National Defense Budget
4 Current Development of China Military Industry
4.1 Overview
4.1.1 Industrial Distribution
4.1.2 Integration
4.2 Development of China Land Warfare Equipment Industry
4.3 Development of China Aerospace Weapon Equipment Industry
4.4 Development of China Aviation Military Equipment Industry
5 Key Military Enterprises in China
5.1 Aviation Industry Corporation of China
5.1.1 Profile
5.1.2 Operation
5.1.3 Integration of Subsidiaries
5.1.4 Operation of Subordinated Listed Companies
5.1.5 Xi'an Aircraft International Corporation
5.1.6 Hafei Aviation Industry Co., Ltd.
5.1.7 Xi’an Aero-Engine PLC
5.1.8 Hongdu Aviation Industry Group
5.2 China North Industries Group Corporation
5.2.1 Profile
5.2.2 Operation
5.2.3 Integration of Subsidiaries
5.2.4 Operation of Subordinated Listed Companies
5.2.5 China North Optical-Electrical Technology Co., Ltd.
5.2.6 Hubei New Hua Guang Information Materials Co., Ltd.
5.3 China Ordnance Equipment Group Corporation
5.3.1 Profile
5.3.2 Operation
5.3.3 Integration of Subsidiaries
5.3.4 Operation of Subordinated Listed Companies
5.3.5 Yunnan Xiyi Industrial Co., Ltd.
5.4 China Aerospace Science and Technology Corporation
5.4.1 Profile
5.4.2 Operation
5.4.3 Integration of Subsidiaries
5.4.4 Operation of Subordinated Listed Companies
5.4.5 China Spacesat Co., Ltd.
5.4.6 China Aerospace Times Electronics Co., Ltd
5.5 China Aerospace Science & Industry Corp.
5.5.1 Profile
5.5.2 Operation
5.5.3 Integration of Subsidiaries
5.5.4 Operation of Subordinated Listed Companies
5.5.5 Aerospace Hi-Tech Holding Group Co., Ltd.
5.5.6 Aerosun Co., Ltd
5.5.7 Guizhou Space Appliance Co., Ltd.
5.6 China Shipbuilding Industry Corporation
5.6.1 Profile
5.6.2 Operation
5.6.3 Operation of Subordinated Listed Companies
5.6.4 China Shipbuilding Industry Company Limited
5.7 China State Shipbuilding Corporation
5.7.1 Profile
5.7.2 Operation
5.7.3 Operation of Subordinated Listed Companies
5.7.4 China CSSC Holdings Limited
5.7.5 Guangzhou Shipyard International Co., Ltd.
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