World’s Largest Missile Manufacturers: Production Tempo, Exports and Portfolios Compared (2026)
Two American giants sit atop the table of the world’s largest missile manufacturers: Lockheed Martin, maker of the PAC-3, GMLRS and JASSM, and RTX (Raytheon), home of the Patriot, AMRAAM and Tomahawk. Europe’s joint venture MBDA is the third power, carrying a record €37 billion order book; Israel’s Rafael sells the Spike anti-tank missile to more than 40 countries. And the fastest riser in this league is Türkiye’s Roketsan: it closed 2025 with exports above $750 million, targets $1 billion for 2026, holds export contracts for more than 500 ATMACA anti-ship missiles, and fields a portfolio running from anti-tank rounds to ballistic missiles — enough for fifth place in our composite index. This is file five of Envanter Medya’s Global Defense Industry Research, following the world’s largest ammunition manufacturers.
Editorial note: This ranking is an editorial research piece prepared by Envanter Medya using publicly available data; it is not an official international ranking. Sources and methodology are explained at the end.
The research at a glance
“Largest” by which measure?
The missile business is not one market: air-to-air, air-to-ground, anti-ship, anti-tank, cruise and ballistic missiles form separate technology and customer clusters, with unit prices hundreds of times apart. Pooling their counts in one list would mislead, so this study assesses each maker’s verified production tempo within its own class. Air defense systems at the battery level get their own file next in the series.
By defense revenue: the two American giants play their own league
Source: SIPRI Top 100 (December 2025). Most of Lockheed’s and RTX’s revenue comes from aircraft, engines and electronics; missiles are one slice. MBDA reported ~€4.9bn revenue and a record €37bn order book for 2024. Roketsan ranks 87th, up 13 percent.
Do not confuse revenue with production muscle: in missiles the scarce resource is production tempo. Ukraine showed annual output matters more than stockpile size — which is why the tempo table below is more telling than the revenue chart.
By production tempo: the verified numbers
| Company | Country | Key missiles | Verified production/order indicator | Data type |
|---|---|---|---|---|
| Lockheed Martin | USA | PAC-3, GMLRS, JASSM, ATACMS, Javelin (JV) | PAC-3 MSE: 600+ missiles in 2025 (program record), targeting 650/year with a tripling plan announced; GMLRS at 14,000/year capacity; Javelin JV at 2,400/year | O |
| RTX (Raytheon) | USA | Patriot GEM-T, AMRAAM, Tomahawk, ESSM, SM family | AMRAAM flown by 40+ countries; record multiyear Patriot and SM contracts; segment breakdown limited | O / E |
| MBDA | Europe | Meteor, Aster, Storm Shadow/SCALP, Brimstone | 2024 revenue ~€4.9bn; order book €37bn — a company record; capacity expansion under way | O |
| Rafael | Israel | Spike, Iron Dome effectors, David’s Sling | Spike family in 40+ countries, tens of thousands sold; licensed production in Europe (EuroSpike) | O / E |
| Roketsan 🇹🇷 | Türkiye | ATMACA, ÇAKIR, SOM, TAYFUN, CİRİT, UMTAS, KARAOK, SUNGUR | 2025 exports above $750M, $1bn targeted for 2026; 500+ ATMACA under export contract; ÇAKIR cruise missile in serial production; Malaysia’s LMS ships armed with ATMACA | O |
| Kongsberg | Norway | NSM, JSM | NSM with 10+ users including the US Navy; new missile factories opened in Norway, the US and Australia | O |
| IAI | Israel | Barak MX, LORA | Barak family with multiple users including India and Azerbaijan; volumes undisclosed | E |
| LIG Nex1 | S. Korea | Cheongung II (KM-SAM) | Cheongung II exported to the UAE ($3.5bn), Saudi Arabia and Iraq | O / E |
| CASC/CASIC, TMC | China / Russia | YJ/DF series; Kalibr/Kh | Volumes undisclosed | U |
Data type: O = official/company statement, E = credible industry estimate, U = unknown. Counts of different missile classes are never pooled in one list.
The Envanter Medya composite index: EM-GDPI
Editorial composite of nine weighted criteria (production 25, revenue 15, exports 15, operators 10, breadth 10, capacity 10, backlog 5, technology 5, growth 5); not an official ranking. Chinese and Russian makers unscored for lack of data. Turkish company highlighted.
Lockheed’s record PAC-3 and GMLRS tempos put it first; only segment opacity keeps RTX a step behind. MBDA embodies Europe’s rearmament with its record backlog; Rafael, Israel’s export model through Spike’s unmatched user base. What carries Roketsan to fifth are two criteria: portfolio breadth — nine missile categories in serial production, a spread comparable only to MBDA and RTX in this list — and growth, with a 13 percent SIPRI rise followed by 2025’s export leap.
Where does Türkiye stand? Roketsan’s climb
At 87th in SIPRI’s revenue table, Roketsan looks far from the Western giants. The photograph misleads: the company’s real strength sits in three datasets.
Portfolio: serial production in nine categories
Roketsan today series-produces anti-ship (ATMACA), cruise (ÇAKIR, SOM), ballistic (TAYFUN, BORA), laser-guided (CİRİT), anti-tank (UMTAS/KARAOK), MANPADS (SUNGUR), air-defense effectors (the HİSAR and SİPER co-developments) and guidance kits (TEBER). Few companies anywhere match that spread.
Exports: from $750 million toward the billion mark
The company closed 2025 above $750 million in exports and set a $1 billion target for 2026 — growth beyond 50 percent. The 500-plus ATMACA export contracts, integration on Malaysia’s Istanbul-built LMS Batch 2 ships, and the market gap opened by Norway’s NSM export restrictions have handed Türkiye a historic window in the anti-ship segment. The honest reverse view: Türkiye’s long-range air-to-air missiles (the GÖKTUĞ family) are only now entering service with no exports, the strategic cruise-missile program GEZGİN is still in development, and Roketsan does not publish annual unit counts — which this research declines to estimate.
How this research was prepared
Data year: revenues from SIPRI’s December 2025 release (2024); tempo and export data from official announcements of January 2025 – August 2026. Scope: ten guided-missile groups; battery-level air defense systems are the next file. Currency: US dollars; MBDA figures in euros. Missing data: RTX’s and MBDA’s missile-segment volumes, Roketsan’s annual counts and all Chinese/Russian data are not public — marked “unknown”, not estimated. EM-GDPI: nine criteria scored 0-10, weighted; relative and editorial.
| Company | Data reliability | Note |
|---|---|---|
| Lockheed, Kongsberg, MBDA, Roketsan | A | Current official tempo/export announcements |
| RTX, Rafael, IAI, LIG Nex1 | B | Strong program announcements; segment volumes limited |
| CASC/CASIC, TMC | D | No reliable data; excluded from the index |
Frequently asked questions
Who is the world’s largest missile manufacturer?
Lockheed Martin and RTX play their own league in revenue and tempo; Lockheed tops Envanter Medya’s composite index.
Is Roketsan one of the world’s major missile companies?
Yes — fifth in the EM-GDPI missile index, with 2025 exports above $750 million, a nine-category portfolio and some of the sector’s fastest growth.
How many ATMACA missiles have been sold abroad?
Roketsan says export contracts exceed 500 missiles; Malaysia’s LMS Batch 2 ships carry the weapon. The full customer list is undisclosed.
How many PAC-3 missiles does Lockheed build a year?
More than 600 in 2025 — a program record — with a 650/year target and a Pentagon-announced plan to triple output.
How big is MBDA’s order book?
€37 billion, the highest in company history, on ~€4.9 billion of 2024 revenue.
What is the world’s best-selling anti-tank missile?
Rafael’s Spike serves 40+ countries; the US Javelin runs at 2,400 a year. Türkiye’s UMTAS and KARAOK are the segment’s Turkish entries.
Which countries use the Kongsberg NSM?
More than ten, including the US Navy — while Norwegian export restrictions have opened market space for rivals, ATMACA included.
Why are Chinese and Russian makers absent from the index?
CASC/CASIC and Russia’s TMC publish no production data; this research does not rank what cannot be verified.
Where is Türkiye’s missile industry still behind?
Long-range air-to-air (GÖKTUĞ is new, unexported) and strategic cruise missiles (GEZGİN in development); in anti-ship, anti-tank and laser-guided segments Türkiye is an exporter. Browse platforms in the Defense Atlas.
Sources and methodology notes
Principal sources:
- SIPRI Top 100 Fact Sheet (December 2025)
- Lockheed Martin official statements — PAC-3, GMLRS and Javelin tempos
- Breaking Defense — PAC-3 tripling plan
- Roketsan statements / Türkiye Today — $750M+ exports, $1bn target
- Defence Security Asia — 500+ ATMACA export contracts
- Army Recognition (IDEF 2025) — ÇAKIR serial production
- Malaysian Defence — NSM restrictions and ATMACA’s position
- MBDA FY2024 results — €4.9bn revenue, €37bn order book
Last updated: 15 August 2026. File six of this series examines the world’s largest air defense system manufacturers.
