{"id":169336,"date":"2023-01-09T17:36:59","date_gmt":"2023-01-09T17:36:59","guid":{"rendered":"https:\/\/precoinnews.com\/?p=169336"},"modified":"2023-01-09T17:36:59","modified_gmt":"2023-01-09T17:36:59","slug":"the-worlds-biggest-gun-manufacturers","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/the-worlds-biggest-gun-manufacturers\/","title":{"rendered":"The World’s Biggest Gun Manufacturers"},"content":{"rendered":"
Gun manufacturers make about $20 billion per year, according to careers site Zippia. While consumer purchases make up part of gun sales each year, defense contracts with the U.S. military and foreign governments provide the majority of the revenue. Many of the largest gun companies in the world, including Beretta, Sig Sauer, FN Herstal, Remington, Smith & Wesson, and Colt sell arms to the U.S. government.<\/span><\/p>\n To determine the world\u2019s largest gun makers, 24\/7 Wall St. reviewed data from career site <\/span>Zippia<\/span>. Firearms manufacturers were ranked on their annual revenue in the most recent year for which data is available. Supplemental data came from the companies\u2019 websites.<\/span><\/p>\n The majority of the world\u2019s largest gun makers are U.S. brands, although some foreign brands, including FN Herstal out of Belgium, also have factories in the U.S. Other foreign brands include Beretta, based in Italy; Taurus, based in Brazil; and Heckler and Koch, based in Germany. The largest gun manufacturer in the world is Smith & Wesson, whose gun sale revenue doubled in its last fiscal year to $1.1 billion.\u00a0<\/span><\/p>\n Colt, which reached No. 9 on the list, is the most prominent gun supplier for the U.S. military from the time of its founding in 1846 until World War II. It is also the primary manufacturer of the AR-15. Colt was recently acquired by the <\/span>Czech-based company \u010cesk\u00e1 zbrojovka Group, ending its 175 year reign as an American gunmaker. (Colt\u2019s AR-15 is <\/span>one of the 50 most popular guns in the world.<\/span>)<\/span><\/p>\n Click here to see the world’s largest gun makers.<\/strong><\/span><\/p>\n Sponsored: Find a Qualified Financial Advisor<\/b><\/p>\n Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.<\/p>\n