kamrulkonok/evalllm2026-french-defense huggingface dataset:
Calepin des entreprises international 2026 VA.pdf — page 42

41
Land platforms and systems
8x8 Pandur II armoured infantry fighting vehicle*
TADEAS / Heron 
future 6x6 multirole armoured vehicle
Titus 6x6 multirole armoured vehicle**
Patriot II / Waran 4x4 multirole armoured vehicle
Gepard and Aligator Master II 
4x4 light multirole vehicles
CAESAR 155mm self-propelled howitzer**
DANA M2 and DITA 
155mm self-propelled howitzers
RM-70 Vampire and BM-21 MT STRIGA 
multiple launch rocket systems***
Ammunition
Small calibre ammunition (2.4 to 8.6mm)
Medium calibre ammunition (20 and 30mm)
Large calibre ammunition (105 to 155mm)
Mortar rounds (60 to 120mm)
Artillery rockets (122mm)
Radars
RL-2000 surveillance radar
ReGuard 3D multirole radar
2D ReVisor air defense radar
Trucks and chassis
Tatra Force 6x6 / 8x8 military trucks
CZECHOSLOVAK GROUP (CSG)
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Elbit Systems
Huta Stalowa Wola****
Eurenco
JLVM*****
Republikorp
Ukrainian Armor
KNDS France
PT Pindad
Isotrex
General Dynamics
*Under General Dynamics licence **Under KNDS France licence ***Based on Splav’s BM-21 Grad (Rostec group) ****Subsidiary of  PGZ 
***** Jordan Light Vehicle Manufacturing
Zetro
Calepin des entreprises international 2026 VA.pdf — page 44

43
DAMEN
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
2,415
2,486
3,090
3,023
Δ (%)
15.98%
2.94%
24.31%
-2.18%
Defence (%)
N/A
N/A
≈ 25%
N/A
Export (%)
N/A
79%
71%
80%
Operating 
profit/loss
11
5
60
72
Operating 
margin
0.46%
0.19%
1.93%
2.39%
Net income
2
15
43
58
Order book
8,800
8,800
11,300
10,400
Employees
10,291
9,897
9,399
9,046
Name
%
Country
Damen Shipyards 
Cape Town
70%
South Africa
Damen Song Cam 
Shipyard
70%
Vietnam
Delta Marine Engineering
54%
Belgium
Nevesbu
50%
Netherlands
Albwardy Damen
49%
United Arab 
Emirates
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
Damen family
100%
Symbol
Listed on
Unlisted group
Market Cap
Chairman
Kommer Damen
Chief Executive Officer
Arnout Damen
Chief Operating Officer
Marc van Heyningen
GOVERNANCE
BUSINESS AREAS
Platform manufacturer
	
 Military shipbuilding (combat ships, 
patrol vessels, auxiliary ships, etc.)
	
 Commercial shipbuilding (tugs, yachts, ferries, 
utility ships, etc.)
	
 Spare parts and components
	
 MRO, conversion and refit of commercial 
and military ships
Dutch family-owned group mainly operating in commercial shipbuilding, major global player 
in the patrol vessel segment	
70
24
6
20
41
39
	 Shipbuilding
 Repair & Conversion
	 Other
	 Netherlands
	 European Union 
	
(excl. Netherlands)
	 Rest of the World
Calepin des entreprises international 2026 VA.pdf — page 45

44
Combat ships
F126 Niedersachsen-class 
future multi-purpose frigate (design)
Future anti-submarine warfare frigate 
(Belgian and Dutch Navies)
Sigma family of light frigates 
and corvettes
Patrol vessels
OPV family of offshore patrol vessels
Stan Patrol family of patrol vessels
Interceptor family of fast attack craft
Fast Crew Supplier family
Amphibious support ships
Enforcer family 
of landing platform docks (LPD)
Stan Lander-class landing ship
Landing Ship Logistics 
and Landing Ship Transport families
Landing Craft Utility and Landing Craft 
Vehicle Personnel families
Auxiliary ships
Den Helder replenishment oiler
Multi-Purpose Support Ships (MPSS) 
7000 and 9000
Snellius-class 
hydrographic survey vessel
Multi-Role Auxiliary Vessel family
EGS and RGS submarine rescue vessels
DAMEN
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
German Naval Yards Kiel**
Metal Shark Boats
Irving Shipbuilding
Hensoldt
Thales
Caterpillar
Lockheed Martin
COTECMAR***
Navantia
OTO Melara****
Rolls-Royce
NVL Group*
*Being acquired by Rheinmetall **CMN Naval group ***Corporación de Ciencia y Tecnología para el Desarrollo de la Industria Naval Marítima y 
Fluvial (Colombia) ****Subsidiary of  Leonardo
Calepin des entreprises international 2026 VA.pdf — page 47

46
DASSAULT AVIATION
REVENUE BY REGION (%)*
REVENUE BY BUSINESS SEGMENT (%)*
KEY FIGURES* (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
7,233
6,929
4,801
6,230
∆ (%)
31.77%
-4.20%
-30.71%
29.76%
Defence (%)
73%
70%
62%
64%
Export (%)
89%
82%
68%
68%
Operating 
profit/loss
527
572
349
519
Operating 
margin
7.29%
8.26%
7.27%
8.33%
Net income**
693   
830
886
1,056
Order book
20,762   
35,008
38,508
43,224
Employees
12,371   
12,768
13,533
14,589
Name
%
Country
GIE Rafale International
60%
France
SECBAT
54%
France
Dassault Reliance 
Aerospace Ltd
49%
India
Thales
26%
France
Cognac Formation Aéro
10%
France
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
GIMD (Dassault family)
66.67%
Airbus
10.56%
Treasury shares
0.22%
Symbol
AM
Listed on
Euronext Paris
Market Cap (€m)
21,873
Chairman and CEO
Éric Trappier
Chief Operating Officer
Loïk Segalen
Executive Vice President, 
International
Richard Lavaud
Executive Vice President, 
Programs
Jean-Marc 
Gasparini
Executive Vice President, 
Military Customer Support
Éric Bernard
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Fighter aircraft
	
 Mission aircraft (maritime patrol, surveillance, 
etc.)
	
 Unmanned aircraft systems
	
 Pyrotechnics and space activities
	
 Business jets
	
 MRO and modernisation services
*Figures adjusted 
**Net income attributable to shareholders	
	
	
	
*Figures adjusted	
	
	
	
*Figures adjusted	
	
	
	
	 Falcon
	 Export markets
	 Defence
	 France
64
36
Aerospace and defence group operating in military aviation (including the Rafale fighter 
aircraft) and business jets, 35th-largest defence company in the world
18
82
32
68
Calepin des entreprises international 2026 VA.pdf — page 48

47
Fighter aircraft
NGWS (Next Generation Weapon System), 
including the future NGF fighter aircraft 
and its Remote Carriers
Rafale (F3R, F4 and F5 standards)
Mirage 2000
Mission aircraft
Falcon Albatros future maritime 
and patrol reconnaissance aircraft 
(AVSIMAR programme)*
Falcon Archange future intelligence aircraft**
Falcon 2000 multirole maritime aircraft
Unmanned aircraft systems
European MALE RPAS future UAS 
(Eurodrone programme)
nEUROn UCAV demonstrator
Pyrotechnics and space activities
VORTEX*** future reusable space aircraft
MLA future airborne micro launcher
Ejection seat ignition systems
Initiators and pyrotechnic lines 
for space launchers
MRO and modernisation services
MRO of the Rafale (Ravel contract) 
and Mirage 2000 (Balzac contract) 
fighter aircraft
Modernisation of the ATL2 
maritime patrol aircraft (Océan contract)
DASSAULT AVIATION
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Safran
Thales
TASL****
Naval Group
L3Harris Technologies
Leonardo
Airbus
Pratt & Whitney*****
Rolls-Royce
Avio Aero******
Saab
*Based on the Falcon 2000 LXS **Avion de Renseignement à CHArge utile de Nouvelle GEnération, based on the Falcon 8X 
***Véhicule Orbital Réutilisable Transport EXploration ****Tata Advanced Systems Ltd *****RTX group ******Subsidiary of  GE Aerospace
Indra Sistemas
Calepin des entreprises international 2026 VA.pdf — page 50

49
DELAIR
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
≈ 7
≈ 7
10
30
∆ (%)
N/A
N/A
N/A
200%
Defence (%)
N/A
≈ 50%
80%
80%
Export (%)
≈ 70%
N/A
80%
50%
Operating 
profit/loss
N/A
N/A
N/A
N/A
Operating 
margin
N/A
N/A
N/A
N/A
Net income
2
N/A
N/A
2
Order book
N/A
N/A
N/A
N/A
Employees
50
70
90
> 200
Name
%
Country
MAIN JOINT VENTURES AND ASSOCIATES*
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
Intel Capital*
22.70%
Andromède**
22.05%
Michaël de Lagarde
12.10%
Other individuals
27.93%
Symbol
Listed on
Unlisted company
Market Cap
CEO and co-founder
Bastien Mancini
COO, Deputy CEO
Sébastien Plumet
Sales Manager - Defense 
& Security
Vincent Desperière
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and equipment supplier
	
 Unmanned aerial vehicles (UAVs)
	
 Autonomous underwater vehicles (AUVs)
	
 Equipment and services
French company specialising in UAVs, mainly for military use, also active in AUVs and the supply 
of related equimpent and services
18
82
43
15
13
26
50
50
*No information available	
	
N / A
*American group Intel 
**Hériard Dubreuil family holding company
	 Export markets
	 France
Calepin des entreprises international 2026 VA.pdf — page 51

50
Unmanned aerial vehicles (UAVs)
Hydrone hydrogen-powered UAV project
DT61 very long range UAV
DT46 VTOL or fixed-wing UAV
UX11 fixed-wing mapping drone
DT26 family of fixed-wing UAVs
UAV equipment and services
CamLight aircraft camera
DRAKO Universal Ground Control Station
Commercial UAVs design and development services
Autonomous underwater vehicles (AUVs)
SEASAM and SEASAM Navigator AUVs
AUV services
AI-assisted video and data analysis
DELAIR
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Aviation Design
Ergosup
Shield Robotics
RIEGL
Calepin des entreprises international 2026 VA.pdf — page 53

52
DIEHL DEFENCE
REVENUE BY BUSINESS SEGMENT (%)
Name
%
Country
DynITEC
58.8%
Germany
Junghans Microtec
55%
Germany
GIWS
50%
Germany
PARSYS
50%
Germany
RAM-System
50%
Germany
EuroSpike
40%
Germany
OEM Defence Services
20%
France
MAIN JOINT VENTURES AND ASSOCIATES*
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
Diehl group
100%
Symbol
Listed on
Unlisted division
Market Cap
BUSINESS AREAS
Missile manufacturer and systems integrator/
equipement supplier
	
 Missiles and air defence systems
	
 Ammunition
	
 Reconnaissance and protection systems
	
 Subsystems (infrared modules, ammunition 
fuzes and packaging systems, batteries)
	
 Services (training, logistic support, etc.)
Chief Executive Officer
Helmut Rauch
Chief Financial Officer
Thomas Bodenmüller
Chief Program Officer
Harald Buschek
Chief Technology Officer
Nicolai Künzner
GOVERNANCE
Defence division of German industrial conglomerate Diehl, among the leading European 
players in missiles and air defence systems, and 82nd-largest defence contractor worldwide
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
660
810
1,142
1,827
∆ (%)
15.59%
22.73%
40.99%
59.98%
Defence (%)
100%
100%
100%
100%
Export (%)
52%
55%
71%
69%
Operating 
profit/loss
N/A
N/A
N/A
N/A
Operating 
margin
N/A
N/A
N/A
N/A
Net income
N/A
N/A
N/A
N/A
Order book
N/A
N/A
N/A
N/A
Employees
2,904
3,190
3,772
4,588
REVENUE BY REGION (%)
69
Germany
	 Export markets
31
N / A
*JVs and associates of  the Diehl group in the defence sector
Calepin des entreprises international 2026 VA.pdf — page 54

53
Missiles and air defence systems
LVS NNbS short- and very-short-range 
future air defence system
IRIS-T air-to-air and IRIS-T SLS/SLM 
surface-to-air missiles
AIM-9 Sidewinder air-to-air missile
IDAS surface-to-air missile
RIM-116 RAM Block 2 surface-to-air missile
RBS15 Mk3 anti-ship missile
PARS 3 LR air-to-ground anti-tank missile
Spike family of anti-tank missiles
Ammunition
40mm infantry ammunition
76mm and 127mm naval ammunition
127mm and 155mm Vulcano 
guided ammunition
Defence electronics
FCAS programme: future NGF fighter aicraft 
(Sensors pillar) and Remote Carriers
Reconnaissance and protection systems
SIMONE infrared monitoring system
PLATON conversion kit for unmanned vehicles
AVePS (Active Vehicle Protection) system
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
MBDA
Rheinmetall
Hensoldt
Saab
tkMS*
RTX
Kongsberg
Rohde & Scharwz
Leonardo
Indra Sistemas
Rafael
DIEHL DEFENCE
*thyssenkrupp Marine Systems, thyssenKrupp group
Thales
Calepin des entreprises international 2026 VA.pdf — page 56

55
EMBRAER
REVENUE BY REGION (%)
 Brazil
	 North America
	 Europe
	 South America 
 
(excl. Brazil)
 Asia / Pacific
	 Rest of the World
REVENUE BY BUSINESS SEGMENT (%)
  Commercial Aviation
  Executive Aviation
  Services & Support
  Defense & Security
  Other
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
3,548  
4,312
4,874
5,910
∆ (%) [$]*
11.30%
8.18%
16.04%
21.38%
Defence (%)**
14%
9%
10%
11%
Export (%)
89%
89%
91%
92%
Operating 
profit/loss
170
-105
291
617
Operating 
margin
4.80%
-2.43%
5.97%
10.44%
Net income***
-38
-176
152
326
Order book
15,039
16,390
16,944
25,324
Employees
16,067
17,133
18,997
20,744
Name
%
Country
OGMA-Indústria Aeronáutica 
de Portugal 
65%
Portugal
Visiona Tecnologia Espacial
51%
Brazil
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
BNDES Participações SA
5.37%
Brandes Investment Partners LP
3.39%
LarrainVial Asset Management AGF SA
1.25%
Treasury shares
0.79%
Symbol
EMBR3, ERJ
Listed on
B3 (55%), NYSE (45%)
Market Cap (BRLm)
57,164
GOVERNANCE
Chairman
Raul Calfat
Chief Executive Officer
F. Gomes Neto
President and CEO, 
Defense & Security
J. B. da Costa Júnior
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Military aircraft (fighter, trainer, transport, 
reconnaissance, etc.)
	
 Civil aircraft (passenger aircraft, business jets)
	
 Radar and C4ISR systems
	
 Cybersecurity
	
 Space
	
 MRO and modernisation services
*Variation based on revenue in US dollars
   See €/$, p.9
**Defense & Security division only
***Net income attributable to shareholders
34
63
28
27
10
20
3
11
4
1
Aerospace manufacturing group mainly present in civil and military aviation (attack, surveillance 
and transport aircraft), leading Brazilian and South American defence company 
2
34
28
26
11
8
59
23
4
Calepin des entreprises international 2026 VA.pdf — page 57

56
Fighter and trainer aircraft
F-39E/F fighter aircraft* (assembly)
EMB 314 Super Tucano (A-29) 
trainer and light attack aircraft
Phenom 100 MEPT trainer aircraft
Transport aircraft
C-390 Millennium 
tactical transport aircraft
Special transportation aircraft
AEW&C aircraft
P600 AEW&C future aircraft
EMB 145 AEW&C aircraft
Radar and C4ISR systems
SABER-M60, SABER-M200 
and SABER-S200 
3D surveillance radars
SISFRON integrated 
border monitoring system
Naval systems
Tamandaré-class 
future multi-purpose frigate 
(armament and electronic systems 
integration)
Space
SGDC Geostationary Defense 
and Strategic Communications 
Satellite
VCUB Earth observation 
nano-satellites
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
EMBRAER
AEL Sistemas**
Sierra Nevada Corp.
DRDO***
Telebras
Safran
BAE Systems
CTEx****
tkMS******
RTX
Thales Alenia Space
*Based on Saab’s JAS 39 Gripen E/F **Subsidiary of  Elbit Systems ***Defence Research and Development Organization (India) 
****Centro Tecnológico do Exército (Brazil) *****Subsidiary of  Israel Aerospace Industries (IAI) ******thyssenkrupp Marine Systems, thyssenKrupp group
ELTA Systems*****
Aero Vodochody
Saab
Calepin des entreprises international 2026 VA.pdf — page 59

58
N / A
EURENCO
REVENUE BY REGION (%)
	 France / Sweden / 	
	
	
Belgium
	 Export markets
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
274
262
350
478
Δ (%)
27.44%
-4.38%
33.59%
36.57%
Defence (%)
≈ 66%
≈ 66%
≈ 66%
≈ 80%
Export (%)
≈ 66%
≈ 66%
≈ 66%
≈ 80%
Operating 
profit/loss
N/A
N/A
N/A
N/A
Operating 
margin
N/A
N/A
N/A
N/A
Net income
22
165
N/A
90
Order book
N/A
N/A
N/A
N/A
Employees
1,200 
1,071
1,200
1,316
Name
%
Country
Eurenco Bofors
100%
Sweden
PB Clermont
100%
Belgium
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
SNPE (French State)
100%
Symbol
Listed on
Unlisted group
Market Cap
Chairman and CEO
Thierry Francou
Deputy CEO
Yves Traissac
Chief Financial Officer
Bruce Iehl
GOVERNANCE
BUSINESS AREAS
Explosives and subsystems supplier
	
 Explosives
	
 Powders (single and multi-base, 
low vulnerability, spherical)
	
 Combustible objects (modular propellant 
charges, rounds, nitrofilm)
	
 Additives (EHN, for fuel)
European leader in military explosives, powders and combustible objects, and a major 
partner of European ammunition providers and systems integrators	
80
20
Calepin des entreprises international 2026 VA.pdf — page 60

59
Explosives
High-performance explosives 
(for melt-cast, compressed and composite 
charges, priming relays, etc.)
Composite explosive charges 
for insensitive munitions (warheads, bombs, shells 
and underwater mines)
Base drag reduction blocks 
for extended-range artillery ammunition
Powders
Single and multi-base powders 
(for reloading, military ammunition of all calibres, 
mortar increments, anti-tank missiles, etc.)
Spherical powders 
for small calibre military ammunition
Combustible objects
Modular propellant charges for artillery ammunition
Combustible cases and rounds 
for tank and artillery ammunition
Nitrofilm for mortar increments
EURENCO
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
MSM Group*
MBDA
Naval Group
Expal**
Rheinmetall
KNDS France
*Subsidiary of  Czechoslovak Group 
**Subsidiary of  Rheinmetall
Thales LAS
Day & Zimmermann
Calepin des entreprises international 2026 VA.pdf — page 62

61
EXAIL TECHNOLOGIES (FORMERLY GROUPE GORGÉ)
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)*
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022**
2023
2024
Revenue
116
278
323
373
∆ (%)
-
140.03%
16.03%
15.58%
Defence (%)
N/A
51%
54%
56%
Export (%)
59%
72%
72%
75%
Operating 
profit/loss
13
37
40
46
Operating 
margin
10.79%
13.30%
12.36%
12.20%
Net income*
47
N/A
17
-4
Order book
490
628
630
708
Employees
1,282
1,636
1,781
2,005
Name
%
Country
Exail Holding*
66%
France
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Gorgé family*
43.88%
Treasury shares
2.68%
BIL Manage Invest SA
0.96%
Montpensier Arbevel SAS
0.79%
Chairman and CEO
Raphaël Gorgé
Deputy CEO - Finance
Loïc Le Berre
CEO Maritime Systems
Jérôme Bendell
GOVERNANCE
BUSINESS AREAS
Systems integrator and cutting-edge equipment 
supplier
	
 Unmanned systems (USVs, AUVs, UGVs, UAVs)
	
 Mine warfare systems
	
 Navigation and positioning systems
	
 Onboard sensors (sonars)
	
 Onboard equipment for naval platforms
	
 Photonic components and quantum instruments
High-tech industrial group mainly active in navigation systems and civil and military robotics. 
Exail was formed by ECA Group and iXblue joining forces in 2022.
*Net income attributable to shareholders 
**Pro forma figures (with iXblue accounted for over 12 months)
25
48
16
Symbol
EXA
Listed on
Euronext Paris
Market Cap (€m)
1,563
	 Navigation and Maritime 	
	
robotics 
	 Advanced technologies
75
25
*Voting rights as of  31.12.2024 : 61.35%	
	
*Control as of  31.12.2024 : 87.21%	
	
*Revenue distribution based on total sales excluding eliminations
10
1
  France
  Europe (excl. France)
  Asia
  Americas
  Rest of the World
Calepin des entreprises international 2026 VA.pdf — page 63

62
Unmanned systems
 Inspector 90, 120 and 125 USVs
DriX USV
Ulyx AUV
R7 ROV (Remotely Operated Vehicle)
Aerial and ground unmanned vehicles
Mine warfare systems
UMIS (Unmanned MCM Integrated System) 
A18-M mine detection AUV
K-STER C underwater mine identification 
and disposal system
Navigation systems
Marins and Phins inertial navigation systems 
for naval platforms
Advans inertial navigation systems for land platforms
Netans navigation data distribution systems
Onboard sensors
T18-M towed sonar
SeapiX-FLS mine and obstacle avoidance sonars
GAPS underwater acoustic positioning systems
Onboard equipment for naval platforms
Auxiliary propulsion systems, magnetic and acoustic 
signature management systems, etc.
Components and photonics
Special optical fibers and quantum instruments
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Ifremer
iXblue
Mauric
ECA Group
EXAIL TECHNOLOGIES (FORMERLY GROUPE GORGÉ)
Naval Group
Thales
Calepin des entreprises international 2026 VA.pdf — page 65

64
FINCANTIERI
REVENUE BY REGION (%)
	 Italy
	 Export markets
REVENUE BY BUSINESS SEGMENT (%)*
	 Shipbuilding
	 Equipment, Systems 	 	
	
and Infrastructure
	 Offshore 
 
and Specialized vessels
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
6,911
7,440
7,651
8,128
∆ (%) 
17.55%
7.65%
2.84%
6.23%
Defence (%)*
23%
27%
25%
23%
Export (%)
87%
87%
82%
80%
Operating 
profit/loss
289
-10
162
246
Operating 
margin
4.18%
-0.13%
2.12%
3.03%
Net income**
22   
-309
-53
33
Order book
25,819  
23,826
23,072
30,978
Employees
20,774  
20,792
21,215
22,588
Name
%
Country
Marinette Marine
87.44%
United 
States
Centro per gli Studi 
di Tecnica Navale
86.1%
Italy
Orizzonte Sistemi Navali
51%
Italy
EuroTorp
50%
France
Naviris
50%
Italy
Maestral
49%
UAE
Etihad Ship Building
35%
UAE
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Italian State
71.27%
Cassa Nazionale di Previdenza 
ed Assistenza per gli Ingegneri
1.49%
Praude Asset Management Ltd.
0.53%
Fideuram Asset Management SGR SpA
0.51%
Symbol
FCT
Listed on
Borsa Italiana
Market Cap ( €m)
8,371
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Military shipbuilding (surface ships, 
submarines)
	
 Commercial shipbuilding
	
 Naval systems
	
 Offshore (drilling units, offshore support 
vessels)
	
 MRO, modernisation and services
Chairman
Biagio Mazzotta
Chief Executive Officer
Pierroberto Folgiero
General Manager Naval 
Vessels
Eugenio Santagata
71
20
9
13
87
*Naval vessels revenue only
**Net income attributable to shareholders
*Excluding revenue from Other activities division
Among the leading European players in naval defence and world’s main cruise shipbuilding 
group, 55th-largest defence company worldwide
20
80
68
17
15
Calepin des entreprises international 2026 VA.pdf — page 66

65
Surface ships
Trieste Landing Helicopter Dock (LHD)
San Giorgio-class/BDSL 
Landing Platform Dock (LPD)
Constellation-class 
future guided-missile frigate*
FREMM Bergamini-class 
multipurpose frigate
Multi-Mission Surface Combatant 
(MMSC) future light frigate**
Freedom-class LCS frigate
MMPC future European corvette 
(Modular and Multirole Patrol Corvette)
Thaon di Revel-class 
multipurpose offshore patrol vessel (PPA)
P51MR-class future OPV
Jan Mayen-class coastguard vessel
Vulcano-class Logistic Support Ship 
(LSS)
BRF logistic support and refuelling ship 
(FlotLog programme)*** (front part)
Submarine
U212 NFS future conventionally-powered 
attack submarine (under tkMS licence)
Naval systems
A184, A244, Black Shark 
and MU90 torpedoes
ATAS sonar
Diesel engines 
for ships and miitary vehicles
Naval steam turbines
MRO and modernisation services
Horizon-class air defence frigates 
mid-life upgrade
FINCANTIERI
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Lockheed Martin
Naval Group
MAN
GE Aerospace
Leonardo
ELT Group
tkMS****
Gibbs & Cox*****
*Based on the Italian Navy’s Bergamini-class FREMM frigate **Based on the U.S. Navy’s Freedom-class LCS frigate ***Based on the Italian Navy’s 
Vulcano-class LSS ****thyssenkrupp Marine Systems, thyssenkrupp group *****Subsidiary of  Leidos
Navantia
Rolls-Royce
Chantiers de l’Atlantique
EDGE Group
LMG Marin
Calepin des entreprises international 2026 VA.pdf — page 68

67
FN BROWNING GROUP
REVENUE BY BUSINESS SEGMENT (%)
 Defence & Security
 Hunting & Sport  
 
	
Shooting
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
795
956
908
934
∆ (%)
3.65%
20.25%
-5.02%
2.86%
Defence (%)*
N/A
N/A
55%
60%
Export (%)
N/A
N/A
N/A
N/A
Operating 
profit/loss
55
82
90
82
Operating 
margin
6.92%
8.58%
9.91%
8.78%
Net income**
N/A
27
75
69
Order book
N/A
N/A
N/A
N/A
Employees
N/A
N/A
3,090
3,090
Name
%
Country
MAIN JOINT VENTURES AND ASSOCIATES*
Major shareholders (as of 10.10.2025)
Walloon Region of Belgium*
100%
Symbol
Listed on
Unlisted group
Market Cap
OWNERSHIP STRUCTURE
Chairman
Yves Prete
Chief Executive Officer
Julien Compère
Chief Industrial 
& Technology Officer
Laurent Forget
GOVERNANCE
BUSINESS AREAS
Ammunition provider, systems integrator/equipment 
supplier
	
 Small arms
	
 Small calibre ammunition
	
 Integrated weapon systems
	
 Equipment
	
 Services (training, maintenance, logistical 
support, etc.)
*Defence & Security division
**Net income attributable to shareholders
68
19
13
REVENUE BY REGION (%)
11
19
11
8
Belgian group wholly-owned by the Walloon Region, ranked among the world’s top 3 small arms 
manufacturers and a major European player in small calibre ammunition
60
40
*Through the Wallonie Entreprendre public fund
*No information available
N / A
Calepin des entreprises international 2026 VA.pdf — page 69

68
Small arms
FN HiPer and FN Five-seveN handguns
FN P90 submachine gun
FN SCAR (Special Operations Forces 
Combat Assault Rifle)
FN 40GL grenade launcher / EGLM 
(Enhanced Grenade Launching Module)
FN MINIMI light machine gun 
(M249 SAW version in the U.S.)
FN EVOLYS ultralight machine gun
FN MAG 58 general purpose machine gun 
(M240 version in the U.S.)
FN M2HB QCB heavy machine gun
Small calibre ammunition
5.56mm to 12.7mm ammunition
FN Azuron ammunition range
Integrated weapon systems
FN deFNder family 
of Remote Weapon Stations
External Mount Gun System (EMGS) 
for helicopters
Equipment
Electronic components and software 
for small arms
FN BROWNING GROUP
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
USSOCOM*
BAE Systems Bofors**
Beretta**
Colt Canada**
Hellenic Defence Systems**
PT Pindad**
ST Engineering**
Sikorsky***
*United States Special Operations Command **Sub-licensed production ***Lockheed Martin group
General Dynamics
Calepin des entreprises international 2026 VA.pdf — page 71

70
FNSS
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
163
318
230
94
∆ (%) [TRY]*
-6.04%
N/A
N/A
-43.67%
Defence (%)
≈ 100%
≈ 100%
≈ 100%
≈ 100%
Export (%)
≈ 10%
N/A
N/A
N/A
Operating 
profit/loss
31
52
13
-12
Operating 
margin
19.07%
16.23%
5.66%
-13.25%
Net income
N/A
N/A
N/A
N/A
Order book
N/A
N/A
N/A
N/A
Employees
979
970
970
683
Name
%
Country
FNSS Middle East
50%
Saudi 
Arabia 
MAIN JOINT VENTURES AND ASSOCIATES
Major shareholders (as of 10.10.2025)
Nurol Holding
100%
Symbol
Listed on
Unlisted group
Market Cap
OWNERSHIP STRUCTURE
Chairman
Yavuz Canevi
Chief Executive Officer
Kadir Nail Kurt
Chief Industrial Officer
Hakan Yılmaz
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Armoured tracked and wheeled vehicles
	
 Combat support and specialised vehicles
	
 Unmanned land vehicles
	
 Turrets and remote controlled weapon stations
	
 Services (MRO, training, etc.)
*Variation based on revenue in local currency
  See €/TRY, p.9
68
45
19
13
REVENUE BY REGION (%)
11
19
11
8
One of Turkey’s leading producers of armoured vehicles, subsidiary of the conglomerate 
Nurol Holding which also owns Nurol Makina (tactical wheeled vehicles)
74
15
11
42
23
11
10
8
N / A
N / A
Calepin des entreprises international 2026 VA.pdf — page 72

71
Tracked armoured vehicles
Kaplan MT / Harimau medium tank
Kaplan family of tracked armoured vehicles
ACV-15 / ACV-19 (Armoured Combat 
Vehicle) amphibious vehicle
MAV (Marine Assault Vehicle) / ZAHA 
amphibious assault vehicle
Wheeled armoured vehicles
Pars family 
of amphibious armoured vehicles
Combat support and specialised vehicles
AACE / Kunduz (Armoured Amphibious 
Combat Earthmover) vehicle
OTTER / SAMUR rapid deployable 
amphibious crossing system
Unmanned ground vehicles
Shadow Rider family of UGVs
Turrets 
and remote controlled weapon stations
SABER and TEBER families 
of manned turrets
ARCT (Anti-tank Remote Controlled Turret), 
CAKA and SANCAK 
remote controlled weapon stations
Services
Turkish Army’s ACV-15 
tracked armoured vehicles modernisation
Saudi Arabian Army’s M113 
tracked armoured vehicles modernisation
FNSS
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
PT Pindad
John Cockerill
Deftech*
Aselsan
Roketsan
General Purpose Vehicles
TSD**
*DRB-HICOM Defence Technologies **Technology and Security Developments ***Saudi Arabian Military Industries
Grupo Oesía
SAMI***
Calepin des entreprises international 2026 VA.pdf — page 74

73
GE AEROSPACE
REVENUE BY BUSINESS SEGMENT (%)
	 Commercial Engines 
 
& Services
	 Defense & Propulsion  
	
Technologies
	 Corporate & Other
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022****
2023****
2024
Revenue
N/A
27,672
32,699
35,769
∆ (%) [$]*
N/A
N/A
21.31%
9.49%
Defence (%)**
N/A
24%
22%
21%
Export (%)
N/A
47%
52%
55%
Operating 
profit/loss
N/A
4,014
5,144
6,703
Operating 
margin
N/A
14.51%
15.73%
18.74%
Net income***
N/A
319
8,772
6,059
Order book
N/A
126,887
139,369
165,192
Employees
N/A
N/A
N/A
53,000
Name
%
Country
Advanced Ceramic 
Coatings 
50%
 United 
States
TUSAS Engine Industries
46.2%
Turkey
NGS Advanced Fibers
25%
Japan
MAIN JOINT VENTURES AND ASSOCIATES
Major shareholders (as of 10.10.2025)
Vanguard Fiduciary Trust Co.
8.57%
BlackRock Advisors LLC
6.04%
Fidelity Management & Research Co.
5.63%
Capital Research & Management Co. 
(International Investors)
4.43%
Symbol
GE
Listed on
NYSE
Market Cap ($m)
309,107
OWNERSHIP STRUCTURE (as of 10.10.2025)
Chairman and CEO
H. Lawrence Culp
President and CEO, 
Defense & Systems
Amy Gowder
CEO, Avio Aero
Riccardo Procacci
GOVERNANCE
BUSINESS AREAS
Engine manufacturer, systems integrator/
equipement supplier
	
 Propulsion systems (fighter aircraft, 
transport aircraft, helicopter and UAV engines, 
gas turbines)
	
 Aircraft systems and equipment (avionics, 
engine components, etc.)
	
 Support services and maintenance solutions
*Variation based on revenue in local currency
  See €/$, p.9
**Defense & Propulsion Technologies division only 
***Net income attributable to shareholders 
****Figures restated
68
45
19
13
	 United States
	 Europe
	 Africa and Middle East
	 China
	 Asia (excl. China)
	 Americas 
	
(excl. United States)
REVENUE BY REGION (%)
11
19
11
8
One of the world’s leading manufacturers of engines for civil and military aircraft and ships, 
23rd-largest defence contractor, and parent company of Italian engine manufacturer Avio Aero
69
21
10
45
20
10
9
9
7
Calepin des entreprises international 2026 VA.pdf — page 75

74
Aircraft engines
F414 (F/A-18E/F, EA-18G, 
JAS-39 Gripen E/F, Tejas Mk II, KF-21)
F404 (F/A-18C/D, T-50 Golden Eagle, 
T-7A Red Hawk, JAS-39 Gripen C/D)
F110 (F-16C/D, F-16E/F, F-15, F-15EX)
F108/CFM56-7B
 (737 AEW&C, P-8A Poseidon)
F138/CF6 (C-5M, B767 AWACS, KC-10, 
A310 MRTT)
Helicopter engines
T408 (CH-53K)
T700/CT7 (AH-64, UH-60, NH90, Surion)
UAV propulsion system
Future Catalyst (European MALE RPAS) 
(Avio Aero)
Gas turbines
LM2500  
(FREMM, Arleigh Burke, Cavour, Vikrant, 
Independence, Constellation)
LM500  
(PKX-A, PKX-B, 24DDH, 22DDH)
Aircraft systems and equipment
Avionics systems 
(data storage and transfer, displays, 
navigation systems, etc.)
Electrical power (generation, conversion, 
distribution, etc.)
Engine components (Avio Aero)
Propeller systems (C-27J, C-130J, US-2) 
(Dowty Propellers)
GE AEROSPACE
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Hanwha Aerospace*
Safran
MTU Aero Engines
IHI Corporation
ITP Aero
GKN Aerospace
TransCanada Turbines
HAL***
*Hanwha group **U.S. subsidiary of  Leonardo ***Hindustan Aeronautics Ltd
Leonardo DRS**
StandardAero
TAE Aerospace
Navantia
Turkish Aerospace
Calepin des entreprises international 2026 VA.pdf — page 77

76
GENERAL ATOMICS
REVENUE BY REGION (%)
N / A
REVENUE BY BUSINESS SEGMENT (%)
N / A
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
≈ 2,649
≈ 2,985
N/A
N/A
∆ (%) [$]*
N/A
N/A
N/A
N/A
Defence (%) 
N/A
N/A
N/A
N/A
Export (%)
N/A
N/A
N/A
N/A
Operating 
profit/loss
N/A
N/A
N/A
N/A
Operating 
margin
N/A
N/A
N/A
N/A
Net income
N/A
N/A
N/A
N/A
Order book
N/A
N/A
N/A
N/A
Employees
≈ 15,000
≈ 15,000
≈ 15,000
≈ 15,000
Name
%
Country
ConverDyn
50%
United States
TRIGA International
50%
United States
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
Blue family
100%
Symbol
Unlisted group
Listed on
Market Cap
Chairman and CEO
James N. Blue
CEO, General Atomics 
Aeronautical Systems
Linden P. Blue
CEO, General Atomics 
Electromagnetic Systems
Scott Forney
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Unmanned aircraft systems
	
 Military aircraft
	
 UAS payloads
	
 Naval systems
	
 Weapon systems
	
 Satellite and space systems
	
 Nuclear engineering (fusion and fission 
technologies)
American family-owned group, a leading player in the military UAV market (MQ-9, MQ-1C, 
MQ-9B), operating in the defence and space sectors, and 74th-largest defence contractor*
*SIPRI rankings (2024 data)
*Variation based on revenue in local currency
 See €/$, p.9
Calepin des entreprises international 2026 VA.pdf — page 78

77
Unmanned aircraft systems
MQ-20 Avenger / Predator C UCAV
MQ-9A Reaper / Predator B UCAV
MQ-9B SkyGuardian and SeaGuardian 
ISTAR MALE UAVs
Mojave future reconnaissance 
and close support STOL UAV
MQ-1C Gray Eagle and Gray Eagle 
Extended Range (GE-ER) MALE UAVs
Eaglet, LongShot and Sparrowhawk 
future light airborne UAVs
Military aircraft
Dornier 228 NXT utility aircraft
UAS payloads
Eagle Eye and Lynx multi-mode radars
Due Regard collision avoidance radar
Naval systems
Electromagnetic Aircraft Launch 
System (EMALS)
Advanced Arresting Gear (AAG)
Virginia Payload Tubes (VPT)
Lithium-ion Fault Tolerant (LiFT) 
battery systems
Weapon systems
High Energy Liquid Laser Area 
Defense System (HELLADS)
Hypersonic missiles components
GENERAL ATOMICS
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Hanwha
Leonardo
Northrop Grumman
Honeywell
 GKN Aerospace
QinetiQ
Lockheed Martin
Potez Aéronautique
General Dynamics
RTX
L3Harris Technologies
HII
Calepin des entreprises international 2026 VA.pdf — page 80

79
GENERAL DYNAMICS
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
	 Marine Systems
	 Technologies	
	 Aerospace
	 Combat Systems
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
32,518   
37,424
39,105
44,100
∆ (%) [$]*
1.43%
2.44%
7.27%
12.88%
Defence (%)
67%
67%
69%
69%
Export (%)**
18%
15%
14%
17%
Operating 
profit/loss
3,519   
3,999
3,927
4,433
Operating 
margin
10.82%
10.69%
10.04%
10.05%
Net income
2,753   
3,219
3,067
3,495
Order book
77,312   
85,414
84,730
87,196
Employees
103,100  
106,500
111,600
117,000
Name
%
Country
Range Generation Next
50%
United States
TESS Defence
16.33%
Spain
EuroTrophy
N/A
Germany
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Longview Asset Management LLC
10.37%
Vanguard Fiduciary Trust Co.
8.72%
Newport Trust Co.
5.33%
BlackRock Advisors LLC
5.26%
Symbol
GD
Listed on
NYSE
Market Cap ($m)
89,559
Chairwoman and CEO
Phebe N. 
Novakovic
Executive VP, Marine Systems
Robert E. Smith
Executive VP, 
Combat and Mission Systems
Jason W. Aiken
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Military vessels and commercial ships
	
 Armoured vehicles and unnmanned ground 
vehicles
	
 Weapon systems and ammunition
	
 Mission systems and C5ISR
	
 IT solutions and cybersecurity
	
 Aeronautics (Gulfstream multi-mission jets)
*Variation based on revenue in local currency
    See €/$, p.9
**Excluding Foreign Military Sales
33
83
27
21
7
4
3
19
Diversified defence group (naval platforms, armoured vehicles, weapon systems, C5ISR, etc.) 
with commercial aerospace activities, and 5th-largest defence contractor worldwide	
*Including Foreign Military Sales
30
85
27
19
24
	 United States*
	 Europe
	 Africa and Middle East
	 Americas 
	
(excl. United States)
	 Asia / Pacific
3
Calepin des entreprises international 2026 VA.pdf — page 81

80
Naval shipbuilding
Arleigh Burke-class destroyer
John Lewis-class replenishment oiler
Columbia-class future nuclear-powered 
ballistic missile submarine (SSBN)
Virginia-class nuclear-powered 
attack submarine (SSN)
Armoured vehicles 
and unnmanned ground vehicles
M1A2 Abrams main battle tank
ASCOD / Ajax family 
of tracked armoured vehicles
Piranha family of wheeled armoured vehicles
LAV family of 8x8 armoured vehicles*
Stryker family of 8x8 armoured vehicles**
Multi-Utility Tactical Transport 
unnmanned ground vehicle
M3, Anaconda and Cobra bridge systems
Weapon systems and ammunition
GAU-22/A, M61A1, M61A2, M197 and XM915 
aircraft guns
70mm Hydra-70 family of rockets
Mission systems and C5ISR
Open architecture computing infrastructure 
(OPEN CI) (Independence-class LCS frigate)
Bowman C4I system (British Army)
Warfighter Information Network-Tactical (WIN-T)
Aeronautics
Gulfstream multi-mission jets
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
GENERAL DYNAMICS
Leonardo
Thales
HII
IAI****
RTX
Lockheed Martin
L3Harris Technologies
UMB***
BAE Systems
Northrop Grumman
Honeywell
Austal USA
*Canadian version of  the Piranha **American version of  the LAV III ***Uzina Mecanica Bucuresti, subsidiary of  ROMARM ****Israel Aerospace Industries
Calepin des entreprises international 2026 VA.pdf — page 83

82
HEMERIA
KEY FIGURES (Fiscal year ended: June 30th)
€ millions
2021-22
2022-23
2023-24
2024-25
Revenue
50
57
64
70
∆ (%)
11.11%
14.00%
11.75%
9.89%
Defence (%)
N/A
70%
70%
75%
Export (%)
N/A
≈ 5%
≈ 5%
≈ 5%
Operating 
profit/loss
N/A
N/A
N/A
N/A
Operating 
margin
N/A
N/A
N/A
N/A
Net income*
N/A
N/A
N/A
N/A
Order book
N/A
N/A
N/A
N/A
Employees
250
250
310
≈ 400
Name
%
Country
Hemeria Airship
85%
France
Hemeria Surveillance
70%
France
Blue Water Intelligence
19.24%
France
Prométhée
3.23%
France
Kinéis
1.6%
France
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
Jean-Yves Rivière*
36.18%
Philippe Gautier*
23.55%
BNP Paribas
15.20%
Symbol
Listed on
Unlisted group
Market Cap
Chairman
Jean-Yves Rivière
Chief Executive Officer
Nicolas Multan
Chief Operating Officer
Aymeric Bessière
GOVERNANCE
BUSINESS AREAS
Systems integrator/equipment supplier
	
 Balloons and airships
	
 Electronic systems
	
 Detection and monitoring solutions
	
 Space (satellite platforms, equipment 
and subsystems)
	
 MRO and modernisation services
*Net income attributable to shareholders
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
French group specialised in defence (balloons and airships, electronic systems) and space 
systems, created from the former aerospace equipment manufacturer Nexeya
*Founders
N / A
N / A
Calepin des entreprises international 2026 VA.pdf — page 84

83
HEMERIA
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Balloons and airships
Jackdaw, Eagle Owl and Condor 
tethered balloons
Drone airships for ISR missions
BalMan future maneuvering stratospheric balloon
Tethered balloons for space surveillance
Electronic systems
Hyperion multi-sensor electro-optical 
tracking system
Hyperia VT multi-target video tracker
Embedded secure systems for aeronautic, naval 
and ground Forces
Power conversion and energy storage solutions 
for military nuclear power
Space
HP-IOT, HP-GEO and HP-EOS satellite platforms
Space equipment (solar arrays, electrical 
harnesses, satellite multi-layer insulation, etc.)
Space and ballistic launch detection 
and characterization solutions
Space objects in low orbit monitoring (Graves 
radar, Medoc passive ground receiving station)
Services
French Air Force’s VASSCO programme
PAR-NG radars MRO and modernisation
French Air Force bases’ instrument landing 
system MRO and modernisation
Submarines electronic systems 
MRO and modernisation
TechnicAtome
Naval Group
DMAé**
ArianeGroup
Airbus
Kinéis
Thales Alenia Space
Thales
CNES*
ONERA***
OHB
*French National Centre for Space Studies **French Aviation Maintenance Department ***French National Office for Aerospace Studies and Research
Calepin des entreprises international 2026 VA.pdf — page 86

85
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
1,474
1,707
1,847
2,240
∆ (%) 
22.12%
15.81%
8.20%
21.28%
Defence (%)
92%
 92%
93%
93%
Export (%)
42%
40%
46%
43%
Operating 
profit/loss
126
166
166
185
Operating 
margin
8.55%
9.72%
8.99%
8.26%
Net income*
63   
80
56
108
Order book
5,092   
5,366
5,530
6,644
Employees
6,316   
6,463   
6,907
8,986
Name
%
Country
Hensoldt Cyber
90.6%
Germany
DEGFA
66.7%
Germany
Euro-ART International 
EWIV
50%
Germany
Atlas Optronics
49%
UAE
SCAFSE
49%
Algeria
Euro-ART Advanced Radar 
Technology
25%
Germany
EuroMIDS
25%
France
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
German State
25.10%
Leonardo
22.80%
Capital Research & Management Co. 
(World Investors)
4.90%
Lazard Asset Management LLC
2.95%
Symbol
HAG
Listed on
XETRA
Market Cap (€m)
12,139
Chairman 
of the Supervisory Board
Reiner Winkler
Chief Executive Officer
Oliver Dörre
Chief Operating Officer
Alexander Dahm
GOVERNANCE
BUSINESS AREAS
Systems integrator/equipment supplier
	
 Defence electronics
	
 Radar systems
	
 Communications and display systems
	
 Identification Friend or Foe (IFF) systems
	
 Counter-UAS systems
	
 Optronics
*Net income attributable to shareholders
58
18
82
25
8
5
HENSOLDT
Defence electronics group majority-owned by the German State and Italian group Leonardo 
and 52nd-largest defence company worldwide, owner of ESG since 2024	
	 Sensors
	 Optronics
2
	 Germany
	 Europe  
	
(excl. Germany)
	 Middle East
 Asia / Pacific
	 Americas
	 Africa
3
85
15
57
30
4
4
Calepin des entreprises international 2026 VA.pdf — page 87

86
Defence electronics
NGF future fighter aicraft (FCAS programme) 
(Sensors pillar, Combat Cloud pillar)
Praetorian Defensive Aids Sub-System (DASS) 
(Typhoon)
European MALE RPAS’ future ISTAR solution
MILDS and MILDS-F missile warning systems
AMPS (for aircraft) and MUSS 2.0 (for armoured 
vehicles) self-protection systems
Advanced Laser Threat Alerting System 
(ALTAS-2Q/2QB)
Kalaetron RWR radar warning receiver
Radar systems
ECRS Mk1 AESA radar (Typhoon)
PrecISR and ASR air surveillance radars
Counter Battery Radar (COBRA)
TRS-3D and TRS-4D naval radars
Communication and display systems
MIDS Low Volume Terminals (MIDS-LVT)
Identification Friend or Foe (IFF) systems
MSR 1000 I and MSSR 2000 I IFF interrogators
Counter-UAS systems
ASUL and Guardion 
detection and jamming systems
Optronics
European MALE RPAS’ Euroflir 610 
future multispectral optronical 
targeting and observation system
SETAS optronical system for armoured vehicles
Thales
Indra Sistemas
Leonardo
Mades
ELT Group
BAE Systems
Lockheed Martin
Safran
HENSOLDT
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Rohde & Schwarz
Diehl Defence
ELTA Systems*
*Subsidiary of  Israel Aerospace Industries (IAI)
Calepin des entreprises international 2026 VA.pdf — page 89

88
HII (HUNTINGTON INGALLS INDUSTRIES)
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
8,051   
10,139
10,596
10,661
∆ (%) [$]*
1.74%
12.10%
7.29%
0.71%
Defence (%)
99%
100%
100%
100%
Export (%)
N/A
N/A
N/A
N/A
Operating 
profit/loss
434   
537
722
494
Operating 
margin
5.39%
5.29%
6.82%
4.64%
Net income
460   
550
630
508
Order book
42,763
44,164
43,548
46,885
Employees
44,000 
43,000
44,000
44,000
Name
%
Country
H&B Defence
51%
Australia
Naval Shipbuilding Institute
N/A
Australia
Newport News Nuclear 
BWXT-Los Alamos (N3B)
N/A
United States
Sea Machines Robotics
N/A
United States
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE  (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Vanguard Fiduciary Trust Co.
12.50%
Fidelity Management & Research Co.
9.82%
State Street Corporation
7.37%
BlackRock Advisors LLC
7.06%
Symbol
HII
Listed on
NYSE
Market Cap ($m)
11,105
Chairman
K. H. Donald
Chief Executive Officer
C. D. Kastner
President, Newport News 
Shipbuilding
B. Blanchette
President, Ingalls Shipbuilding
K. Wilkinson
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Surface ships (nuclear-powered aircraft 
carriers, LHAs, LPDs, combat ships, etc.)
	
 Submarines (SSNs, SSBNs)
	
 Autonomous systems (USVs, UUVs)
	
 Training and integrated logistic support
	
 MRO and modernisation services
	
 Energy sector services
*Variation based on revenue in local currency
  See €/$, p.9
Leading military shipbuilder in the United States, where its Newport News and Ingalls 
shipyards are based, and 16th-largest defence company in the world
59
28
13
	 Newport News*
	 Mission Technologies** 
	 Ingalls***
N / A
52
24
24
*Nuclear-powered submarines and aircraft carriers 
**Professional and government services 
***Surface ships
Calepin des entreprises international 2026 VA.pdf — page 90

89
Aircraft carriers
Gerald R. Ford-class aircraft carrier
Nimitz-class aircraft carriers 
refueling and complex overhaul
Amphibious assault ships
America-class Landing Helicopter Assault (LHA)
San Antonio-class Landing Platform Dock (LPD)
Combat ship
Arleigh Burke-class destroyer
Patrol ship
Legend-class National Security Cutter (NSC)
Submarines
Future Columbia-class 
balistic missile submarine*
Virginia-class nuclear-powered attack submarine
Autonomous systems
REMUS family of UUVs
Proteus and Romulus USVs
Services
U.S. Navy’s surface vessel and submarine 
integrated logistic support
U.S. Air Force’s Training Systems Acquisition IV 
(TSA IV) programme (sustainment of training 
systems)
HII (HUNTINGTON INGALLS INDUSTRIES)
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
GE Aerospace
Fairbanks Morse Defense
General Dynamics
*Subcontractor of  General Dynamics Electric Boat **U.S. subsidiary of  Leonardo
General Atomics
Northrop Grumman
Bechtel
Lockheed Martin
BAE Systems
Leonardo DRS**
RTX
Boeing
Calepin des entreprises international 2026 VA.pdf — page 92

91
HONEYWELL INTERNATIONAL
REVENUE BY REGION (%)
	 United States
	 Export markets
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
29,072
33,681
33,915
35,580
∆ (%) [$]*
5.38%
3.12%
3.37%
5.01%
Defence (%)**
15%
13%
14%
16%
Export (%)
52%
52%
56%
57%
Operating 
profit/loss
5,241
6,104
6,553
6,877
Operating 
margin
18.03%
18.12%
19.32%
19.33%
Net income*** 
4,685   
4,716
5,234
5,273
Order book
24,432   
27,702
28,757
33,953
Employees
99,000   
97,000
95,000
102,000
Name
%
Country
Honeywell TAECO 
Aerospace (Xiamen)
65%
China
Integrated Guidance 
Systems
50%
United States
ITEC
50%
United States
LHTEC
50%
United States
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Vanguard Fiduciary Trust Co.
9.59%
BlackRock Advisors LLC
5.43%
State Street Corporation
4.76%
Eaton Vance Management
2.85%
Symbol
HON
Listed on
NYSE
Market Cap ($m)
127,557
Chairman and CEO
Vimal Kapur
Chief Technology Officer
Suresh 
Venkatarayalu
President and CEO, 
Aerospace Technologies
Jim Currier
GOVERNANCE
BUSINESS AREAS
Engine manufacturer, systems integrator/ 
equipment supplier
	
 Commercial and military aeronautics (propulsion 
systems, avionics, wheels, brake systems)
	
 Defence electronics and ISR systems
	
 Space
	
 Protection solutions
	
 Infrastructures, energy
	
 Healthcare, pharmaceutical industry
*Variation based on revenue in local currency
  See €/$, p.9
**Defense and Space segment of  the Aerospace division only
***Net income attributable to shareholders
33
57
30
20
17
43
Commercial and military provider, mainly of propulsion systems, and 24th-largest defence 
contractor worldwide
40
26
17
17
	 Aerospace Technologies
	 Industrial Automation
	 Building Automation
	 Energy and Sustainability 	
	
Solutions
Calepin des entreprises international 2026 VA.pdf — page 93

92
Propulsion systems and Auxiliary Power Units (APUs)
T55 turboshaft engine (CH-47)
CTS800 turboshaft engine 
(Lynx / Super Lynx, AW159, T129)
F124/F125 turbofan engines (M346, T-5, L-159)
TPE331 turboprop engine 
(MQ-9, Do228 NXT, HTT-40, NC-212i)
AGT1500 gas turbine (M1 Abrams)
36-150 family of APUs 
(AH-64, UH-60, MV-75, CH-47)
G230 and G250 APUs (F-35 and F-22)
Avionics and electronic systems
Enhanced Ground Proximity Warning System 
(EGPWS)
Embedded GPS/INS (EGI)
Tactical Advanced Land Inertial Navigator (TALIN)
RF systems for aircraft, missiles and radars
Weather radar systems
RDR-4000/7000 weather radar systems
Control systems
CAS and FCAS directional steering control systems 
for missiles and GMLRS
Wheels and braking systems
Space
TVC steering control system 
for launch vehicles and spacecraft
JetWave satellite communication system
HONEYWELL INTERNATIONAL
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
KHI**
Rolls-Royce
AIDC*
PT Dirgantara Indonesia
Lockheed Martin
HAL***
RTX
*Aerospace Industrial Development Corp. **Kawasaki Heavy Industries ***Hindustan Aeronautics Ltd
Turkish Aerospace
Boeing
Northrop Grumman