# China North Industries Group (NORINCO) — #7 in the Defence Trading Rankings 2026

> The world's largest land systems and ammunition producer.

- Source: Defence Trading
- Dataset: Defence Trading Rankings, 2026 Edition (ranked by annual defence revenue)
- Rank: 7 of 20
- Country: China
- Canonical URL: https://www.defencetrading.com/rankings-2026-edition/norinco

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## Key facts

| Field | Value |
| --- | --- |
| Rank (2026) | 7 |
| Headquarters | Beijing, China |
| Founded | 1980 |
| Employees | ~270,000 |
| Defence revenue | USD 40B |
| Total revenue | USD 90B |
| Listing | State-owned |
| Chief executive | Jiao Kaihe |
| Website | norinco.com |

## Segments

- Small Arms
- Artillery
- Ammunition
- Armoured Vehicles

## Flagship products

- Type 99A main battle tank
- PLZ-05 SPH
- VT-4 export tank
- QBZ-191 rifle
- PCL-181

## Profile

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 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.

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Part of the [Defence Trading Rankings 2026](https://www.defencetrading.com/rankings). Original research by Defence Trading (defencetrading.com), free to cite with attribution and a link to https://www.defencetrading.com/rankings-2026-edition/norinco.