Military & Defence Contractors

Industry Description

Manufacturers of guided missiles/space vehicles, military armored vehicles and small arms.

Industry Snapshot

United States, 2022

Guided Missile and Space Vehicle Manufacturing (NAICS 336414)Military Armored Vehicle, Tank, and Tank Component Manufacturing (NAICS 336992)Small Arms, Ordnance, and Ordnance Accessories Manufacturing (NAICS 332994)
Employer establishments4971517
Paid employees36,10712,41025,407
Annual payrollUS$5.23 billionUS$0.93 billionUS$1.81 billion
Average payroll per employeeUS$144,861US$74,948US$71,245

U.S. figures count employer establishments (physical locations); Canadian figures count business locations with employees. The two measures are not directly comparable. No 'defence contractor' code; defence work spans many industries. US codes shown are defence-dominant product lines only. Canada table publishes no matching detail.

What Drives Value

Defence contractors are valued on their government program commitments and their ability to meet strict security and export requirements. Those requirements limit competition but also limit who can buy the business.

  • Government contract backlog: the volume and duration of committed defence work
  • Security clearances: facility and personnel clearances required to perform contracts
  • Export control compliance: ITAR in the U.S. and the Controlled Goods Program in Canada
  • Program concentration: reliance on a small number of defence programs

Sources

  1. U.S. Census Bureau, County Business Patterns 2022 (average payroll per employee calculated from published payroll and employment)

Minerva's CBVs value defence contractors for family law matters, tax and estate planning, and transactions.

Locations