kamrulkonok/evalllm2026-french-defense huggingface dataset:
ObsDrones - Bulletin de veille n1 - Janvier Février 2024.pdf — page 14

PUBLICATIONS
▪Dangerous Waters: Contextualising maritime technological trends for the post-Ukraine War world, Hague Centre 
for Strategic Studies, Davis Ellison, Janvier 2024
▪Underwater Target Capture based on Heterogeneous Unmanned System Collaboration, Wenzhang Liu, Xiang 
Cao, Lu Ren, Janvier 2024
▪Maritime Security and Underwater Surveillance Technology: Lessons from the Cold War, Center for Indo-Pacific 
Affairs, Mizuho Kajiwara, Janvier 2024
▪Unmanned Autonomous Intelligent System in 6G Non-Terrestrial Network, Xiaonan Wang, Yang Guo and Yuan 
Gao, Research Gate, Janvier 2024
▪Research on the Development of Unmanned Systems for Joint Operations, Xin Zhou, Liang Huang, Ying Xu, 
Yichao Chen, Janvier 2024
▪Safety in unmanned transport in armed conflicts, Rzeszow University of Technology, Marek Magniszewski, 
Danuta Rak, Bartosz Kozicki, Bartosz Błaszczak, Janvier 2024
▪Guide To Ukraine's Long Range Attack Drones, HI Sutton, Février 2024
▪Notes On Emerging Iranian / Houthi Uncrewed Underwater Vehicle (UUV) Threat, HI Sutton, Février 2024 
▪The Next Wave : The use of military drones in the world’s oceans, Drone Wars UK, Peter Burt, Février 2024
▪Evolution Not Revolution : Drone Warfare in Russia’s 2022 Invasion of Ukraine, CNAS, Stacie Pettyjohn, Février 
2024
▪Future Warfare and Critical Technologies: Evolving Tactics and Strategies, Observer Research Foundation and 
Global Policy Journal, Durham University, Février 2024
▪Emerging Technology and Risk Analysis : Unmanned Aerial Systems Intelligent Swarm Technology, RAND, 
Daniel M. Gerstein, Erin N. Leidy, Février 2024
▪Uncrewed Systems and the Transformation of U.S. Warfighting Capacity, SCSP, Lieutenant General (ret.) Clint 
Hinote, Major General (ret.) Mick Ryan, Février 2024
▪Defence Drone Strategy The UK’s Approach to Defence Uncrewed Systems, MoD UK, Février 2024
▪Examining autonomous and uncrewed weapons systems, Global and National Security Institute, Lt. Colonel 
(Dr.) Paul Lushenko, Février 2024
▪Theory and practice of unmanned aerial systems of the national aviation university, Ministry of education and 
science of Ukraine, Lutsky, Février 2024
▪Update on the use of uncrewed and autonomous systems in the Ukraine war, Livermore Lab Events, Samuel 
Bendett, Février 2024
▪Assessing Autonomous Weapons as a Proliferation Risk, Royal United Services Institute, Paul O’Neill, Sam 
Cranny-Evans, Sarah Ashbridge, Février 2024
▪The Use of Uncrewed Aerial Systems by Non-State Armed Groups: Exploring Trends in Africa, UNIDIR, Bárbara 
Morais Figueiredo, Février 2024
14
ObsDrones - Bulletin de veille n1 - Janvier Février 2024.pdf — page 15

GLOSSAIRE
Abréviation / Sigle
Signification
ACE 
Agile Combat Employment
ACP 
Autonomous Collaborative Platform
AFC
Active Flow Control
ALPV
Autonomous Low-Profile Vessel 
AFSOC 
Air Force Special Operations Command 
ATOLS
Automatic Take Off and Landing Systems
CCA
Collaborative Combat Aircraft
CLS-300
Contested Logistics System 300 
COMINT
COMmunication INTelligence
CRANE
Control of Revolutionary Aircraft with Novel Effectors
CSCC 
China State Shipbuilding Corporation
CU
Charge Utile 
CUAS
Counter UAS 
CUSV 
Common USV, programme de l’USN
DAPA
Defense Acquisition Program Administration (Corée du Sud)
DDS
Dry Deck Shelter 
ELINT
Electronique INTelligence
EO/IR
Electro Otique / Infra Rouge 
FOC
Full Operational Capability
GIDS
Global Industrial Defence Solutions
HAPS
High Altitude Pseudo Satellite
HDS
Hades Defence Systems (Bulgarie)
HFE
Heavy Fuel Engine
IOC
Initial Operational Capability
ISTAR 
Intelligence, Surveillance, Target Acquisition and Reconnaissance
KUS-FS 
Korean Unmanned System–Flight Strategic
LDUUV
Large Displacement Unmanned Underwater Vehicle
LIDS
Low, slow, small, unmanned aircraft Integrated Defeat System
LM
Loitering Munition 
LOS
Line Of Sight
LR 
Long Range
LRU
Line Replaceable Units
MALE
Moyenne Altitude Longue Endurance
MUAV
MALE UAV 
NGAD
Next Generation Air Dominance (USAF)
SEAD
Suppression Ennemy Air Defense
SMDM
Systèmes de Mini-Drones aériens embarqués pour la Marine 
SOW
Special Operation Wing (USAF)
SR
Short Range
STOL
Short Take Off and Landing
UAS
Unmanned Air System 
UAV 
Unmanned Air Vehicle
UCAV
Unmanned Combat Air Vehicle
UGV
Unmanned Ground Vehicle
USMC
United States Marine Corps
USN
United States Navy
USV
Unmanned surface Vehicle 
UUV
Unmanned Underwater Vehicle
VTOL
Vertical Take Off and Landing
WDS 2024
World Defence Show 2024
XLAUV
Extra Large Autonomous Underwater Vehicle
15
« Battle Lab Drone LADA 2024 » _ Fédérer l’écosystème antidrones pour innover ensemble _ Ministère des Armées et des Anciens combattants.pdf — page 1

« Battle Lab Drone LADA 2024 » : Fédérer
l’écosystème antidrones pour innover
ensemble
Direction : Air / Publié le : 12 novembre 2024
Du 4 au 8 novembre 2024, le Centre d’expertise aérienne militaire (CEAM) a organisé
la seconde édition du « Battle Lab Drone LADA » au champ de tir de Captieux (dans
les Landes).
Des militaires des trois armées ont pu participer à cet événement.
Voir le fil d'ariane
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Pour sa deuxième édition, le « Battle Lab Drone LADA 2024 » a réuni plus de 120
participants. Rassemblant militaires, industriels et experts, cet événement a permis de
tester et de perfectionner plus de 40 systèmes dédiés aux drones et à la lutte
antidrones et ce, dans des conditions réalistes. « Avec ce type d’entraînement, nos
trois armées (air, terre, mer) sont confrontées à des scénarios opérationnels, permettant
de développer de nouvelles tactiques et procédures », indique le général de corps
aérien Philippe Moralès, major général de l’armée de l’Air et de l’Espace, présent sur
les lieux.
Le champ de tir de Captieux, situé dans les Landes, est particulièrement adapté à ce type d’exercice
Le champ de tir de Captieux, zone de l’exercice, n’a pas été choisi par hasard : sa
surface équivaut à celle de Paris intra-muros (plus de 85 km²), et son espace aérien est
totalement maîtrisé par l’armée de l’Air et de l’Espace. Ainsi, cette zone offre un cadre
optimal pour la simulation de conflits dans le spectre électromagnétique. « Nous
étions confrontés à la réalité des choses et nous avons pu faire évoluer nos capacités
beaucoup plus rapidement que dans notre laboratoire », explique l’un des participants.
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Au bilan, le « Battle Lab Drone LADA 2024 » a permis aux participants de développer
de nouvelles tactiques, tout en capitalisant sur les expériences accumulées lors de
récents grands événements, comme les Jeux olympiques et paralympiques. Ce
processus itératif, renforcé par une collaboration directe avec les industriels, assure
une amélioration continue des équipements et des procédures. En confrontant les
systèmes à des conditions réelles, les innovations avancent plus vite, avec des résultats
tangibles à la clé. Le Battle Lab n’est pas seulement un lieu d’expérimentation, c’est un
vecteur d’agilité et de progrès, poussant les équipes à constamment se réinventer et à
affiner leurs approches face aux menaces croissantes.
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Calepin des entreprises international 2026 VA.pdf — page 4

3
FOREWORD
Paris, January 1, 2026
The Defence Industry Directorate (DID), initiated as part of the French defence procurement 
agency (DGA) ‘Impulsion’ project, has now been in operation for over a year.   
Within the DGA, the DID guarantees the continuity, quality, performance and resilience of French 
defence companies. It plays an essential role in preserving France’s strategic autonomy and 
promoting competitiveness in the defence industry.
It supports French defence companies, whether large groups, mid-sized companies or SMEs, in 
their development and industrial strategies, and helps them to self-protect, innovate and invest to 
meet the needs of the armed forces. It also supports them in their export efforts, advising them 
and facilitating their dealings with the DGA’s International Cooperation and Export Directorate 
(DICE).
The DID ensures that France has the sovereign industrial and technological capabilities needed 
to respond to the geopolitical situation and achieve the desired level of strategic autonomy, both 
now and in the long term. It encourages partnerships between the French State, local authorities, 
companies, research laboratories and the armed forces. It also ensures that these principles are 
applied at the European level, through partnerships, negotiations on EU industrial policies and 
dialogue with our European counterparts.
This new 2026 edition of the International Defence Companies notebook is published in light of 
these issues.
This publication provides key data from publicly available sources, for a selection of international 
companies chosen each year according to their main activities in the defence sector.
In this regard, Anduril, Czechoslovak Group (CSG), Delair, FN Browning Group, Hemeria, 
Sabena Technics and UkrOboronProm have been included for the first time in this 2026 edition 
while Diehl Defence, FNSS, Israel Aerospace Industries (IAI), Kawasaki Heavy Industries (KHI) 
andt Rafael have been re-introduced.
The notebook should in no way be considered as reflecting the opinions or positions of the DGA, 
nor of Xerfi Specific, which contributed to its preparation.
A digital version of the notebook, both in French and English, is available on the armament 
website at www.armement.defense.gouv.fr.
I wish you a pleasant reading.
Ingénieur en chef des mines 
Benoit Laroche de Roussane
Director, Defence Industry Directorate, DGA
Calepin des entreprises international 2026 VA.pdf — page 9

8
METHODOLOGICAL NOTE
	•
Anduril
	•
ArianeGroup
	•
Aviation Industry Corporation of China (AVIC)
	•
Baykar Technology
	•
Delair
	•
Diehl Defence
	•
Eurenco
	•
FN Browning Group
	•
FNSS
	•
General Atomics
	•
Hemeria
	•
ITP Aero
	•
Iveco Defence Vehicles
	•
John Cockerill
	•
KNDS
	•
Loft Orbital
	•
MBDA
	•
Polska Grupa Zbrojeniowa (PGZ)
	•
Rafael Advanced Defense Systems
	•
Sabena technics
	•
TechnicAtome
	•
Thales Alenia Space (TAS)
	•
thyssenkrupp Marine Systems (tkMS)
	•
Turkish Aerospace
	•
UkrOboronProm
SCOPE
The 2026 edition of the Notebook on International Defence Companies covers a panel of 70 companies. 
A specific section, “Key Data”, presents the following consolidated financial indicators for each company,
provided such information is available (“N/A” meaning that data is not available):
•	
Revenue (in euros)
•	
Revenue variation (as a percentage change; calculated from data in local currency)
•	
Defence revenue (as a % of total revenue)
•	
Export revenue (as a % of total revenue)
•	
Operating profit/loss (in euros)
•	
Operating margin (as a %)
•	
Net income (in euros) or net income attributable to shareholders
•	
Order book at the end of the fiscal year (in euros) 
•	
Headcount
To ensure consistency, consolidated financial statements were the preferred source of information. 
Emphasis was placed on the most recent, restated financial indicators. Furthermore, some data 
contained in the previous edition have been revised, corrected or modified for this edition in order to take 
into account more recent currency exchange rates (see below).
Currency conversions were calculated using the annual average exchange rate (source : European 
Central Bank) during each company’s fiscal year. However, order book values were converted using 
the exchange rates at the closing date of each company’s fiscal year. Average annual exchange rates 
used for conversions are presented in the table below. It should be noted that all financial indicators 
were converted using the average exchange rate for their corresponding year. To avoid a bias when 
calculating annual changes of monetary indicators, variations (as a percentage change) were calculated 
in the original currency used in each company’s financial statement.
SOURCES
The defence industry ranking is based on data from the Defense News magazine 2024 top 100 list.
For publicly listed groups or those that publish annual statements of consolidated accounts, the following 
sources were used:
	•
Annual reports and reference documents
	•
Consolidated balance sheets and profit & loss statements
	•
Financial and investor presentations
For unlisted groups or those that do not publish annual statements of consolidated accounts, the 
following sources were used:
	•
Press releases, company presentations
	•
Data bases: Factiva, Diane
	•
Business press and specialist publications
List of companies that do not publish, or only partially publish, financial statements:
Calepin des entreprises international 2026 VA.pdf — page 10

9
EURO EXCHANGE RATES*
COUNTRY
CURRENCY
1 EURO =
2021
2022
2023
2024
Australia
Australian dollar
1.554
1.556
1.650
1.679
Japan
Japanese yen
130.530
140.900
156.840
163.680
Norway
Norwegian krone
10.163
10.103
11.425
11.629
Poland
Polish zloty
4.565
4.686
4.542
4.306
Singapore
Singapore dollar
1.589
1.451
1.452
1.446
South Korea
South Korean won
1,354.060
1,358.070
1,412.880
1,475.400
Sweden
Swedish krona
10.147
10.630
11.479
11.433
Turkey
Turkish lira
10.512
17.409
25.760
35.573
United Kingdom
Pound sterling
0.860
0.853
0.870
0.847
United States
US dollar
1.183
1.053
1.081
1.082
*Exchange rates used for conversions were calculated as the annual average rate from January 1 to December 31, except for the Australian 
dollar (annual average rate from July 1 to June 30) and the Japanese yen (annual average rate from April 1 to March 31). 
Source: European Central Bank
OWNERSHIP
The “Ownership structure” section draws data from the folllowing sources:
	•
Company publications (websites, reference documents, investor presentations)
	•
Brokerage firms and major trading platforms (Bolsa de Madrid, Borsa Italiana, Deutsche Börse, 
Euronext, LSE, NASDAQ, NYSE, Tokyo Stock Exchange, etc).
CHARTS 
Charts represent the sales breakdown by business segment (i.e. branches or divisions as presented by 
the company) and geographical region. 
MAIN PROGRAMMES, COOPERATIONS AND EXPORT PARTNERSHIPS
The “Main programmes, cooperations and export partnerships” section presents the main programmes 
highlighted by companies in their public media releases (excluding upstream study programmes). 
Partnerships for each programme are also listed, without further details. These partnerships can 
take several forms: co-contractorship, co-development or co-production agreements, subcontracting 
agreements (for tier-1 equipment suppliers considered as “strategic partners”), marketing agreements, 
joint ventures (JV), or partnerships with foreign companies as part of offset agreements.
Due to the very concise format of the notebook, this section cannot claim to be exhaustive.
Calepin des entreprises international 2026 VA.pdf — page 11

10
41
23
2
3
5
26
AIRBUS
REVENUE BY REGION (%)
Europe
 Asia / Pacific 

	 North America 
	 Middle East
	 Latin America
	 Rest of the World
REVENUE BY BUSINESS SEGMENT (%)
	 Airbus (formerly Airbus 	
	
Commercial Aircraft)
	 Airbus Defence  
	
and Space
	 Airbus Helicopters
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
52,149
58,763
65,446
69,230
∆ (%)
4.48%
12.68%
11.37%
5.78%
Defence (%)
18%
20%
18%
18%
Export (%)*
63%
59%
61%
60%
Operating 
profit/loss
5,342
5,325
4,603
5,304
Operating 
margin
10.24%
9.06%
7.03%
7.66%
Net income**
4,213   
4,247
3,789
4,232
Order book
398,439  
449,241
553,893
628,917
Employees
126,495  
134,267
147,893
156,921
Name
%
Country
NHIndustries
62.5%
France
ArianeGroup
50%
France
ATR
50%
France
AirTanker Holdings
46.5%
United 
Kiingdom
Eurofighter Jagdflugzeug
46%
Germany
MBDA
37.5%
France
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
SOGEPA (French State)*
10.83%
GZBV (German State)*
10.82%
SEPI (Spanish State)*
4.08%
TCI Fund Management Ltd.
3.01%
Symbol
AIR
Listed on
Euronext Paris
Market Cap (€m)
160,041
Chairman
R. Obermann
Chief Executive Officer
G. Faury
CEO Airbus Defence 
and Space
M. Schoellhorn
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
f Commercial and military aircraft
	
f Commercial and military helicopters
	
f Unmanned aircraft systems
	
f Commercial and military space (satellites, 
services)
	
f Defence electronics
	
f Cybersecurity
*Revenue excluding Europe	
	
**Net income attributable to shareholders
Leading European aerospace and defence group, ranked 3rd worldwide in the military 
helicopter segment and 14th worldwide in the defence sector	
17
11
72
40
26
24
*Shareholders’ agreement
Calepin des entreprises international 2026 VA.pdf — page 12

11
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
*Tata Advanced Systems Ltd
AIRBUS
BAE Systems
Thales
Leonardo
Safran
GE Aerospace
PT Dirgantara Indonesia
Dassault Aviation
TASL*
Naval Group
Rolls-Royce
Military aircraft and unmanned aircraft systems
NGWS (Next Generation Weapon System), 
including the future NGF fighter aircraft 
and its Remote Carrier
Eurofighter Typhoon fighter aircraft
A400M Atlas 
strategic and tactical military transport aircraft
CN235 and C295 tactical transport aircraft
A330 Multi Role Tanker Transport (MRTT) aircraft
A321 MPA future maritime patrol aircraft 
(Patmar programme)
European MALE RPAS future UAS 
(Eurodrone programme)
VSR700 future shipborne UAV
Military helicopters
H125M single-engine transport helicopter (2 t)
H135M and H145M 
twin-engine transport helicopters (3 t)
H160M (6 t), H175M (8 t), H215M (9 t) 
and H225M (11 t) twin-engine multirole helicopters
NH90 twin-engine multirole helicopter (11 t)
Tigre / Tiger twin-engine attack helicopter (6 t)
Space
Syracuse IV military communications satellites
CERES space-borne military intelligence system
CSO Earth observation satellite programme
Cybersecurity
Stormshield Data Security
RTX
Calepin des entreprises international 2026 VA.pdf — page 14

13
41
23
26
ANDURIL
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
≈ 127
≈ 224
≈ 389
≈ 924
∆ (%) [$]*
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
700
1,100
2,400
3,500
Name
%
Country
MAIN JOINT VENTURES AND ASSOCIATES*
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
Founders and investors
100%
Symbol
Listed on
Unlisted group
Market Cap
Founder
Palmer Luckey
Chief Executive Officer
Brian Schimpf
Chief Operating Officer
Matt Grimm
GOVERNANCE
BUSINESS AREAS
Systems integrator/equipment supplier
	
f Electronic and protection systems
	
f Aerial systems (drones, loitering munitions, 
missiles)
	
f Underwater systems (drones, torpedoes)
	
f Propulsion systems
*Variation based on revenue in local currency 
 See €/$, p.9
Group specialising in artificial intelligence technologies applied to the defence sector, 
experiencing rapid growth fuelled by acquisitions	
*No information available
N / A
N / A
Calepin des entreprises international 2026 VA.pdf — page 15

14
ANDURIL
Hanwha
Rheinmetall
Textron
General Dynamics
Meta
L3Harris Technologies
Electronic and protection systems
Lattice JADC2 software platform
Menace family of C4 systems
Pulsar family of electronic warfare systems
Sentry family of autonomous surveillance towers
Anvil / Anvil-M and Roadrunner-M interceptor UAVs
Spark and Spyglass radars
Soldier Borne Mission Command (SBMC) 
programme
Tactical Intelligence Targeting Access Node 
(TITAN) programme
Aerial systems
Fury future UCAV
ALTIUS and Roadrunner multi-mission UAVs
Bolt and Ghost man-portable UAVs
for ISR missions
ALTIUS-M and Bolt-M loitering munitions
Barracuda family of cruise missiles
Underwater systems
Copperhead, Dive-LD and Dive-XL AUVs
Copperhead-M family of torpedoes
Propulsion systems
Solid propellant propulsion systems for projectiles, 
missiles and mini-launchers
ALITEC aluminum-fueled AP composite
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Microsoft
Palantir
Northrop Grumman
Raytheon*
Saab
*RTX group
Calepin des entreprises international 2026 VA.pdf — page 17

16
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
3,129
2,357
2,298
2,475
∆ (%) 
15.12%
-24.67%
-2.50%
7.70%
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*
-24 
89
-26
4
Order book
N/A
N/A
N/A
N/A
Employees
7,600   
8,000
8,000
8,300
Name
%
Country
Nuclétudes
99.9%
France
Pyroalliance
90%
France
Sodern
90%
France
Arianespace
74%
France
Europropulsion
50%
France
Euro Cryospace
45%
France
Regulus
40%
France
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE 
Symbol
Listed on
Unlisted group
Market Cap 
Chief Executive Officer
Martin Sion*
Director Defence 
Programmes
Vincent Pery
Arianespace Chief 
Executive Officer
David Cavaillolès
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Commercial launch services (launchers 
and services)
	
 Defence systems
	
 Propulsion systems
	
 Pyrotechnics (for launchers and satellites)
	
 Equipment and services
ARIANEGROUP
N / A
N / A
*Total comprehensive income
Major shareholders (as of 10.10.2025)
Airbus
50%
Safran
50%
Leading European company in the space industry and among the world leaders, specialised 
in space and ballistic launchers and in space launch services (through Arianespace)
*Mandate term in March 2026
Calepin des entreprises international 2026 VA.pdf — page 18

17
Commercial launch services
Ariane 6 launcher
Maia future reusable mini-launcher*
Launch services (Ariane 6)**
Defence systems
M51 submarine-launched strategic ballistic missile
V-MAX / V-MAX2 (experimental manoeuvring vehicle) 
demonstrators
Helix multi-orbital space surveillance service
Propulsion systems
Vulcain 2.1  and Vinci rocket engines (Ariane 6)
P120C rocket engine (Ariane 6, Vega-C)
Prometheus rocket engine project
Storable Propellant Engine (SPE)/BERTA 
future rocket engine
Orbital propulsion systems for satellites and spacecraft
M10 hold down and release mechanisms 
(ME0032, ME0038)
Pyrotechnics (for launchers and satellites)
Vulcain Turbine Pump Starter
Vinci engine ignition system
Vega C’s Zefiro-9 third-stage engine ignition system
Equipment and services
RESUS submarine rescue system
Dismantling and decontamination services
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
ARIANEGROUP
Airbus
Safran
Thales
Naval Group
Avio
Beyond Gravity***
MT Aerospace****
SABCA*****
Air Liquide
*Developped by ArianeGroup’s wholly-owned subsidiary MaiaSpace 
**The launch of  Soyuz rockets has been suspended since the end of  February 2022. Vega C flights are now marketed by Avio. 
***Formerly RUAG Space ****OHB group *****Orizio group
Calepin des entreprises international 2026 VA.pdf — page 20

19
ATOS
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
10,839   
11,341
10,693
9,577  
∆ (%)
-3.06%
4.63%
-5.71%
-10.44%
Defence (%)
>10%
>10%
>10%
>10%
Export (%)
85%
84%
83%
82%
Operating 
profit/loss
-2,768*
-795
-3,106
-2,659
Operating 
margin
-25.54%*
-7.01%
-29.05%
-27.76%
Net income**
-215 
-28
-3,441
248
Order book
23,600
21,200
18,500
13,000
Employees***
109,135
110,797
95,140
78,112
Name
%
Country
Athea
50%
France
Atos Saudi 
49%
Saudi 
Arabia
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
D. E. Shaw & Co. LP
7.64%
Tresidor Investment Management LLP
5.88%
ING Bank NV (Investment Management)
5.03%
Melqart Asset Management (UK) Ltd.
4.73%
Symbol
ATO
Listed on
Euronext Paris
Market Cap (€m)
1,046
Chairman and CEO
Philippe Salle
Chief Technology Officer
Florin Rotar
EVP Strategy 
and Operational Excellence
Laurent Soulier
BUSINESS AREAS
IT solutions supplier and systems integrator
	
 IT services and digital transformation 
consulting
	
 Big Data and High Performance Computing 
(HPC) solutions
	
 Information and tactical communication 
systems
	
 Command, Control and Surveillance systems
	
 Electronic systems (navigation instruments, 
defence electronics)
	
 Cybersecurity
*Exceptional/unusual expenses are included in this figure 
**Normalised net income attributable to shareholders before unusual, abnormal 
and non-recurring items, net of  tax 
***Including «indirect employees»
34
13
53
French digital services company, in the process of selling its activities in supercomputers 
and advanced computing for nuclear deterrence to the French State
21
28
25
23
	 Northern Europe*
	 Central Europe
	 Southern Europe
	 North America 
	 Rest of the World
	 Tech Foundations
	
	 Eviden
GOVERNANCE
52
48
25
23
22
20
10
*UK / Ireland, Benelux and nordic countries
Calepin des entreprises international 2026 VA.pdf — page 21

20
Big Data and High Performance Computing (HPC) solutions*
Artemis.IA programme
BullSequana supercomputers
Copernicus Data and Information Access Services (DIAS) 
(Copernicus programme)
Tactical communication systems
Lifelink Hoox and Auxylium tactical communication solutions
Plug and Play Positioning and Timing System (P3TS)
Command, Control and Surveillance systems
Bull Battle Management System 
(Scorpion Combat Information System)
SkyMon NG satellite monitoring solution
Electronic navigation equipment
LMN electromagnetic speed log**
BEN Marine family of navigation instruments
Multi-fonction repeater for surface ships (MFR6, MFR12) 
and submarines (MFR6 WP)
Defence electronics
FELINT/R-ESM systems family (ELIT, OSCAR, CARACAL)
COMINT/C-ESM systems family (FlashHawk)
Shadow jammers family (Raid Shadow, Black Shadow)
Cybersecurity
Trustway data encryption solutions
ATOS
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Thales Alenia Space
T-Systems
KNDS France
Arquus***
CEA
Thales
*Activities being sold to the French State **The LMN6, a new generation of  electromagnetic speed log, has been chosen by the French Navy to equip 
its ships, such as La Fayette-class frigates, Horizon-class frigates, surveillance frigates and mine-hunting vessels ***Subsidiary of  John Cockerill
Capgemini
Calepin des entreprises international 2026 VA.pdf — page 23

22
AUSTAL
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: June 30th)
€ millions
2021-22
2022-23
2023-24
2024-25
Revenue
920
1,019
890
1,086
∆ (%) [AUD]*
-9.10%
10.92%
-7.32%
24.10%
Defence (%)
92%
94%
97%
> 90%
Export (%)
80%
79%
81%
78%
Operating 
profit/loss
78
-3
35
68
Operating 
margin
8.45%
-0.32%
3.88%
6.22%
Net income
51
-9
9
54
Order book**
≈ 2,000
≈ 1,400
≈ 2,400
≈ 2,800
Employees
≈ 5,000
≈ 4,300
4,258
4,479
Name
%
Country
Austal Muscat
70%
Oman
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Tattarang Ventures Pty Ltd.
19.56%
Hanwha Systems Co.
10.03%
Jarden Australia Investments Pty Ltd.
10.03%
John Rothwell
4.47%
Chairman
Richard V. Spencer
Non executive 
Director
John Rothwell
Chief Executive 
Officer
Patrick (Paddy) Gregg
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Patrol boats, auxiliary ships and USVs
	
 Subsystems for naval platforms
	
 Vessel control and information management 
systems
	
 Maintenance, modernisation, support 
and related ship services
30
58
12
48
52
Australian military and civilian shipbuilding company, involved in various key defence 
programmes in Australia and the United States
*Variation based on revenue in local currency
  See €/AUD, p.9 
**Excluding options
Symbol
ASB
Listed on
Australian Stock 
Exchange
Market Cap (A$m)
3,123
	 USA
	 Australasia*
76
24
	 Australia
	 United States
	 Rest of the World
2
*Group’s operations in Australia, the Philippines, Vietnam 
and Trinidad and Tobago
76
22
Calepin des entreprises international 2026 VA.pdf — page 24

23
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
AUSTAL
Patrol boats
Heritage-class future Offshore Patrol Cutter (OPC)
Evolved Cape-class patrol boat
Guardian-class patrol boat
Auxiliary ships
Explorer-class T-AGOS 25 
future Ocean Surveillance ship
Navajo-class future Towing, Salvage and Rescue 
(T-ATS) ship
Spearhead-class Expeditionary Fast Transport (EPF) / 
EMS (Expeditionary Medical Ship)
Landing Craft Utility (LCU) 1700-class craft
Auxiliary Floating Dock Medium (AFD-M)
Unmanned surface vehicles
Saildrone Surveyor future USV
U.S. Navy’s Ghost Fleet Overlord programme USVs
Subsystems for naval platforms
Command modules for the Virginia 
and Columbia-class submarines
Aircraft elevators 
for Gerald R. Ford-class aircraft carriers
Vessel control and information management systems
MARINELINK product suite
Motion Control vessel stability system
Services
Naval MRO and modernisation services
General Dynamics
Saildrone
HII
Caterpillar
Rolls-Royce
L3Harris Technologies
Calepin des entreprises international 2026 VA.pdf — page 26

25
AVIATION INDUSTRY CORPORATION OF CHINA (AVIC)
REVENUE BY REGION (%)
N / A
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
68,005
78,348
77,179
75,129
∆ (%) [$]*
18.45%
2.55%
1.13%
-2.57%
Defence (%)
≈ 25%
≈ 25%
≈ 25%
≈ 25%
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
400,000 
400,000
400,000
400,000
Name
%
Country
AviChina Industry 
& Technology
58.6%
China
Xi’an AVIC Hamilton 
Sundstrand Aviation 
Electric
50%
China
Cessna-AVIC Aircraft 
(Shijiazhuang)
N/A
China
Cessna-AVIC Aircraft 
(Zhuhai)
N/A
China
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
SASAC (Chinese State)
100%
Symbol
 
Listed on
Unlisted group
Market Cap 
Chairman
Fubo Cheng
Chief Executive Officer
Yingbiao Wei
GOVERNANCE
BUSINESS AREAS
Platform manufacturer
	
 Commercial and military aircraft
	
 Commercial and military helicopters
	
 Unmanned aircraft systems
	
 Automotive equipment
	
 Electronics and electric equipment
	
 Engineering
	
 Financial services
*Variation based on revenue in US dollars 
 See €/$, p.9	
Chinese conglomerate made up of about 100 subsidiaries, mainly active in commercial 
and military aeronautics, China’s largest and world’s 8th-largest defence contractor*	
N / A
*SIPRI rankings (2024 data)
Calepin des entreprises international 2026 VA.pdf — page 27

26
AVIATION INDUSTRY CORPORATION OF CHINA (AVIC)
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
*Subsidiary of  United Aircraft Corporation (Rostec group) **Pakistan Aeronautical Complex ***UkrOboronProm group 
****Subsidiary of  United Engine Corporation (Rostec group) *****Aero Engine Corporation of  China
Fighter and trainer aircraft
Chengdu J-20 fighter aircraft
Chengdu J-10 fighter aircraft
Shenyang J-16 fighter aircraft
Shenyang J-35 
future carrier-based fighter aircraft
Shenyang J-15 carrier-based fighter aircraft
JF-17 fighter aircraft (aerostructures)
Guizhou JL-9/FTC-2000G 
trainer/light attack aircraft
Hongdu JL-10/L-15 trainer/light attack aircraft
Transport and special aircraft
Xi’an Y-20 strategic transport aircraft
Shaanxi Y-9 transport aircraft
Shaanxi KJ-500 AEW&C aircraft
Xi’an H-20 future strategic bomber
Military helicopters
Harbin Z-20 and Harbin Z-9 twin-engine 
utility helicopters
Harbin Z-19 twin-engine 
reconnaissance and attack helicopter
Changhe Z-10 twin-engine attack helicopter
Unmanned aircraft systems
Wing Loong I, II and III MALE UAVs
Wing Loong-10 HALE UAV
AV500W and AR500C VTOL UAVs
Klimov****
Indra Sistemas
Sukhoï*
Yakovlev*
PAC**
Antonov***
Airbus
Saturn****
Ivchenko-Progress***
Safran
AECC*****
Aselsan
Calepin des entreprises international 2026 VA.pdf — page 29

28
AVIO
REVENUE BY REGION (%)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
312
357
339
442
∆ (%)
-3.23%
14.67%
-5.21%
30.38%
Defence (%)
9%
6%
14%
16%
Export (%)
N/A
N/A
N/A
N/A
Operating 
profit/loss
9
2
5
8
Operating 
margin
2.86%
0.62%
1.54%
1.90%
Net income*
8
-0.4
6
6
Order book
877
1,014
1,359
1,724
Employees
991
1,147
1,256
1,355
Name
%
Country
Spacelab
70%
Italy
Regulus
60%
France
Europropulsion
50%
France
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Leonardo
29.63%
Cobas Asset Management SGIIC SA
6.02%
DWS Investment GmbH
5.06%
WCM Investment Management LLC
5.02%
Symbol
AVIO
Listed on
Borsa Italiana
Market Cap (€m)
1,499
Chairman
Roberto Italia
Chief Executive Officer
Giulio Ranzo
Chief Operating Officer
Rosario Esposito
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Launch systems
	
 Launcher and satellite propulsion systems
	
 Missile propulsion systems
	
 Payload adapters
	
 Space vehicle
*Net income attributable to shareholders
	 Vega
	 Technology Development 	
	
Projects
	 Ariane 
	 Defence propulsion
	 Other
46
17
16
20
1
Major player in the global space launcher market, prime contractor for the Vega launcher
programme and subcontractor for the Ariane 6 programme
N / A
Calepin des entreprises international 2026 VA.pdf — page 30

29
Launch vehicles
Vega E future launcher
Vega C launcher
Launch services (Vega family of launchers)
Launcher and satellite propulsion systems
MR10 future liquid oxygen and methane engine 
(Vega E)
P160C future solid propellant engine 
(Ariane 6, Vega E)
P120C solid propellant engine 
(Ariane 6, Vega C, Vega E)
Zefiro 9 (Vega C) and Zefiro 40 (Vega C, Vega E) 
solid propellant engines
Liquid oxygen turbopumps for Vulcain 2.1 
and Vinci engines (Ariane 6)
AVUM+ liquid propulsion module (Vega C)
Missile propulsion systems
CAMM-ER missile propulsion system
ASTER 30 missile propulsion 
and actuation systems and fins
Standard Missile Mk 104 propulsion system
Payload adapters
Small Spacecraft Mission Service (SSMS) 
dispenser adaptor
Vampire and VESPA C payload adapters
Space vehicle
Space Rider future space transport system
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
AVIO
ArianeGroup
SABCA
GKN Aerospace
Beyond Gravity*
Thales Alenia Space
MBDA
Telespazio**
Spacelab
*Formerly RUAG Space **Joint venture between Leonardo and Thales
RTX
Calepin des entreprises international 2026 VA.pdf — page 32

31
BAE SYSTEMS
REVENUE BY REGION (%)
	 United Kingdom
	 United States
	 Saudi Arabia
	 Europe (excl. UK)
	 Australia
	 Asia
	 Rest of the World
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES* (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
22,699
24,921
26,526
31,065
∆ (%) [£]**
1.27%
8.90%
8.56%
14.01%
Defence (%)
95%
95%
94%
96%
Export (%)
80%
77%
74%
73%
Operating 
profit/loss
2,778
2,795
2,957
3,170
Operating 
margin
12.24%
11.21%
11.15%
10.20%
Net income***
2,044
1,865
2,134
2,309
Order book
42,262
55,130
66,743
72,859
Employees
90,500
93,100
99,800
107,400
Name
%
Country
CTA International
50%
France
Data Link Solutions
50%
United States
Rheinmetall BAE Systems 
Land
45%
United 
Kingdom
MBDA
37.5%
France
Edgewing
33.33%
United 
Kingdom
Eurofighter Jagdflugzeug
33%
Germany
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Capital Research & Management Co. 
(World Investors)
7.10%
BlackRock Investment Management 
(UK) Ltd.
4.90%
Invesco Asset Management Ltd.
4.77%
Fidelity Management & Research Co.
4.08%
Symbol
BA
Listed on
LSE
Market Cap (£m)
58,790
Chairwoman
Cressida Hogg
Chief Executive Officer
Charles Woodburn
Managing Director, Air
Simon Barnes
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Military aircraft and UAVs
	
 Naval platforms and systems (surface ships 
and submarines)
	
 Land platforms and systems 
(armoured vehicles and artillery systems)
	
 Defence electronics
	
 Cybersecurity
	
 Space
*Excluding joint ventures and associated holdings, except net income 
and employees
**Variation based on revenue in local currency. See €/£, p.9
***Net income attributable to shareholders
27
48
11
7
4
1
2
	 Electronic Systems
	 Air
	 Maritime 
	 Platforms & Services
	 Cyber & Intelligence
27
22
16
26
9
Diversified defence group (aviation, naval, land, etc.), with a strong presence on the U.S. market 
(nearly 50% of revenues), and 6th-largest defence contractor worldwide
Calepin des entreprises international 2026 VA.pdf — page 33

32
Military aircraft
GCAP (Global Combat Air Programme) 
future fighter aircraft*
F-35 Lightning II fighter aircraft (rear 
fuselage, electronic warfare suite, etc.)
Eurofighter Typhoon fighter aircraft
Naval platforms and systems
River-class future destroyer (Canadian 
Surface Combatant programme)** 
(design)
Hunter-class 
future anti-submarine warfare frigate 
(SEA 5000 programme)**
City-class future frigate (Type 26)
Dreadnought-class 
future ballistic missile submarine
Astute-class 
nuclear-powered attack submarine
Land platforms and systems
CV90 infantry fighting vehicle
Armored Multi-Purpose Vehicle (AMPV)
Amphibious Combat Vehicle (ACV)***
M109A7 self-propelled howitzer
40mm Cased Telescoped Armament 
System (40CTAS)****
M982 Excalibur advanced precision 
guided artillery shell
Defence electronics
Advanced Precision Kill Weapon 
System II (APKWS II)
AN/AAR-57 Missile Warning and 
AN/ALE-47 countermeasures systems
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
BAE SYSTEMS
Airbus
ASC
Thales
Lockheed Martin
Mitsubishi Heavy Industries
Northrop Grumman
General Dynamics
RTX
Rolls-Royce
Iveco Defence Vehicles
Saab 
Leonardo
*Referred to as Tempest in the UK **Based on the Royal Navy’s City-class frigate ***Based on Iveco Defence Vehicles’ SuperAV 
****CTA International joint venture (BAE Systems / KNDS France)
KNDS France
Calepin des entreprises international 2026 VA.pdf — page 35

34
BAYKAR TECHNOLOGY
REVENUE BY REGION (%)
	 Turkey
	 Export markets
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
≈ 702
≈ 1,349
≈ 1,832
≈ 1,876
∆ (%) [$]*
N/A
71.08%
39.44%
2.53%
Defence (%)
N/A
95%
95%
N/A
Export (%)
80%
83%
≈ 90%
90%
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
N/A
3,100
3,600
5,100
Name
%
Country
LBA Systems
50%
Italy
Black Sea Shield
N/A
Turkey
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
Bayraktar family
100%
Symbol
Listed on
Unlisted group
Market Cap
Chairman and CTO
Selçuk Bayraktar
Chief Executive Officer
Haluk Bayraktar
GOVERNANCE
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Military aircraft (tactical and combat UAVs, 
executive transport)
	
 Weapon systems for UAVs
	
 Aeronautical systems and engine parts
	
 C4I systems
	
 Services (MRO, training, etc.)
30
58
12
48
52
Military unmanned aircraft systems specialist, Turkey’s leading exporter in the defence sector, 
new owner of Piaggio Aerospace since June 2025 and 73rd defence contractor worldwide*
10
90
N / A
*Variation based on revenue in US dollars 
 See €/$, p.9
*SIPRI rankings (2024 data)
Calepin des entreprises international 2026 VA.pdf — page 36

35
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
BAYKAR TECHNOLOGY
Military aircraft
Bayraktar TB3 future carrier-based MALE UCAV*
Bayraktar Kızılelma future carrier-based UCAV
Bayraktar Akıncı HALE UCAV
Bayraktar TB2 MALE UCAV
Bayraktar Kalkan future VTOL reconnaissance 
and surveillance UAV
Bayraktar Mini UAV reconnaissance 
and surveillance UAV
P.180 Avanti EVO executive transport aircraft
Weapon systems for UAVs
Kemankes small cruise missile 
(for TB2, TB3 and Akıncı UAVs)
Aeronautical systems and engine parts
Avionics
Data Link systems
Engine parts (F135, RTM322, T55, TR 60-30, etc.)
C4I systems
Ground control stations and operations centers
Mapping systems
Services
MRO, technical and logistical support, etc.
Simulators and training services
Aselsan
Roketsan
TEI***
Tubitak SAGE**
Motor Sich
*Based on the TB2 **Defence Industries Research and Development Institute (Turkey) 
***TUSAS Engine Industries (subsidiary of  Turkish Aerospace and GE Aerospace) 
Ivchenko-Progress****
Pratt & Whitney*****
Bombardier
Honeywell
Rolls-Royce
Safran
Calepin des entreprises international 2026 VA.pdf — page 38

37
BOEING
REVENUE BY BUSINESS SEGMENT (%)*
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
52,651
63,255
71,965
61,476
∆ (%) [$]*
7.10%
6.94%
16.79%
-14.50%
Defence (%)**
42%
35%
32%
36%
Export (%)***
37%
41%
42%
46%
Operating 
profit/loss
-2,426
-3,342
-715
-9,896
Operating 
margin
-4.61%
-5.28%
-0.99%
-16.10%
Net income****
-3,552
-4,687
-2,056
-10,921
Order book
333,185
378,989  
470,765
501,767
Employees
142,000
156,000  
171,000
172,000
Name
%
Country
Deep Space Transport
50%
United States
Hellfire Systems
50%
United States
Initium Aerospace
50%
United States
Tata Boeing Aerospace Ltd
50%
India
United Launch Alliance
50%
United States
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE  (as of 10.10.2025)
Major shareholders (as of 10.10.2025)
Vanguard Fiduciary Trust Co.
8.90%
BlackRock Advisors LLC
6.96%
Fidelity Management & Research Co.
5.80%
Capital Research & Management Co. 
(Global Investors)
4.63%
Symbol
BA
Listed on
NYSE
Market Cap ($m)
159,345
GOVERNANCE
Chairman
Steven M. 
Mollenkopf
Chief Executive Officer
Kelly Ortberg
President, Defense, Space 
& Security
Stephen Parker
BUSINESS AREAS
Platform manufacturer and systems integrator
	
 Commercial and military aircraft
	
 Military helicopters
	
 Unmanned systems
	
 Missile systems and guided ammunition
	
 Cybersecurity
	
 Space
	
 Services (MRO, training, etc.)
*Variation based on revenue in local currency 
 See €/$, p.9	
	
	
**Defense, Space & Security division only	
***Excluding 737 MAX-related impacts
****Net income attributable to shareholders	
	
	
31
26
42
REVENUE BY REGION (%)*
 Defense, Space & Security
	 Commercial Airplanes
	 Global Services
	
54
18
13
7
4
4
Industrial group with civil and military activities, mainly active in military aviation (FA-18 combat 
aircraft, CH-47 Chinook helicopter, etc.), and 7th-largest defence contractor
*Excluding 737 MAX-related impacts
36
34
30
	 United States
	 Asia	
	 Europe
	 Middle-East
	 Americas (excl. U.S.) 
	 Rest of the World
*Revenue distribution based on total sales excluding eliminations
Calepin des entreprises international 2026 VA.pdf — page 39

38
Military aircraft
F-47 future air superiority fighter aircraft 
(NGAD programme)
F/A-18E/F Super Hornet 
and F-15EX Eagle II fighter aircraft
T-7A Red Hawk future trainer aircraft
P-8A Poseidon maritime patrol aircraft
KC-46A Pegasus tanker aircraft
Military helicopters
CH-47 Chinook twin-engine 
heavy-lift transport helicopter
MH-139A Grey Wolf 
twin-engine multirole helicopter* 
(intégration of military equipment)
AH-64 Apache 
twin-engine combat helicopter
V-22 Osprey tiltrotor transport aircraft
Unmanned systems
MQ-25 Stingray future refueling 
unmanned aerial vehicle
Orca autonomous underwater vehicle
Missile systems and guided ammunition
Harpoon anti-ship missile
Joint Direct Attack Munition (JDAM)
Space
Space Launch System (SLS) 
super-heavy lift launch vehicle
CST-100 Starliner spacecraft
BOEING
MAIN PROGRAMMES, COOPERATIONS  
AND EXPORT PARTNERSHIPS
Saab
RTX
Bell***
Teledyne
L3Harris Technologies
Leonardo
GE Aerospace
Northrop Grumman
Lockheed Martin
KHI**
*Based on Leonardo’s AW139M **Kawazaki Heavy Industries ***Textron group ****Hindustan Aeronautics Ltd
HII
HAL****
Calepin des entreprises international 2026 VA.pdf — page 41

40
CZECHOSLOVAK GROUP (CSG)
REVENUE BY BUSINESS SEGMENT (%)
KEY FIGURES (Fiscal year ended: December 31st)
€ millions
2021
2022
2023
2024
Revenue
563
1,015
1,734
4,009
∆ (%)
N/A
80.28%
70.84%
131.20%
Defence (%)
55%
76%
72%
84%
Export (%)*
67%
70%
81%
83%
Operating 
profit/loss
51
163
378
1,013
Operating 
margin
9.06%
16.06%
21.80%
25.27%
Net income**
48
121
174
526
Order book
547
1,194
4,000
11,000
Employees
3,742
5,450
5,917
10,352
Name
%
Country
Excalibur Army
89%
Czech 
Republic
MSM Group
80.2%
Slovakia
Tatra Group
65%
Czech 
Republic
Hellenic Ammunition
51%
Greece
STA Technology
40.1%
Slovakia
MAIN JOINT VENTURES AND ASSOCIATES
OWNERSHIP STRUCTURE
Major shareholders (as of 10.10.2025)
Michal Strnad
100%
Symbol
Listed on
Unlisted group
Market Cap
GOVERNANCE
Chairman
Michal Strnad
Chief Executive Officer
David Chour
Managing Director, Defence
Jan Marinov
BUSINESS AREAS
Platform manufacturer, ammunition provider 
and systems integrator/equipment supplier
	
 Land platforms and systems 
(armoured vehicles and artillery systems)
	
 Ammunition (all calibre)
	
 Aerospace systems 
(radars, air traffic control, etc.)
	
 Trucks and chassis
	
 MRO and modernisation services
*Revenue excluding Czech Republic and Slovakia
**Net income attributable to shareholders	
	
31
26
42
REVENUE BY REGION (%)
17
43
27
7
2
4
Diversified group operating mainly in the defence, aerospace, and automotive sectors, 
managing 35 industrial sites, and 46th-largest defence company worldwide*
 Czech Republic 
	
and Slovakia
	 Ukraine	
	 European Union*
	 United States
	 Indonesia 
	 Rest of the World
*SIPRI rankings (2024 data)	
	
78
11
7
2
2
	 Defence
	 Ammo+	
	 Aerospace
	 Business Projects
	 Mobility 
	
*Excluding the Czech Republic and Slovakia