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#7Largest Defence Co · 2026

China North Industries Group (NORINCO)

The world's largest land systems and ammunition producer.

Defence Revenue
$40B
HQ
China
Founded
1980
Employees
~270,000
Status
State-owned

Overview

NORINCO is the world's largest producer of land systems and ammunition. The group's footprint covers small arms, artillery, armoured vehicles, and ammunition of every calibre, with a sprawling export business across the Middle East, Africa, and Latin America. Western analysts have historically under-counted NORINCO's defence revenue because of the limited financial disclosure, but the working estimate of USD 40 billion in defence-related output is, if anything, conservative.

Recent Strategic Moves

VT-4 export tank winning competitions in Africa and Asia. PCL-181 truck-mounted howitzer in widespread Chinese service. New 155mm precision-guided shell variants entering production.

Flagship Products & Programmes

Type 99A main battle tankPLZ-05 SPHVT-4 export tankQBZ-191 riflePCL-181

Business Categories

Small ArmsArtilleryAmmunitionArmoured Vehicles