It's the case of the Turkish company Baykar, which produces the Bayraktar TB2 drone, very popular since the Russian invasion in Ukraine, notes Lucie Béraud-Sudreau.
These drones are manufactured, in part, with components that are purchased off the shelf, so they are not necessarily specific components that must be produced expressly for them, illustrates the researcher. It's easier to increase production when all these components are already available.
His sales allowed Baykar to enter the first time in the Top 100, with revenue increasing 94%, the fastest growth rate of any company in the ranking.
Full order books and a wave of new contracts suggest that global arms revenues could increase significantly in the coming years.
As an example, the American company MBDA (32nd in the ranking) received orders for weapons worth US$9.5 billion in 2022, which is 65% more than the total of 2021. Saab (ranked 39th) reported order intake totaling $6.2 billion, representing an increase of 35% from the previous year.
The drop in total revenues in 2022 could therefore mask a potential substantial recovery in the years to come, estimates SIPRI.