The defense industry is one of the most profitable trades in the world. In America alone, the total sales from the defense sector comprises $389 billion, with companies like Lockheed Martin taking the lead. Globally, it boasts profits of over $760 billion. A huge part of that revenue comes from aerospace technology.
Comparatively, war plane construction is far younger than other segments of the defense industry. The first aircraft made specifically for the military was the 1909 Wright Military Flyer, designed (amid fierce competition) by the Wright Brothers for the U.S. Army Signal Corps. Fast forward a century, and it’s not unheard of for high-tech military planes to cost nearly $1 billion.
1. P-8A Poseidon
Entered Service: 2009
Retired: N/A
Cost: $290 million*
The manufacturer behind the P-8A Poseidon is Boeing, one of the largest defense manufacturers in the world. The Poseidon (which was initially titled the Multimission Maritime Aircraft) was created specifically for the US Navy. The Poseidon is mainly operated in anti-surface warfare, anti-submarine warfare, and shipping interdiction roles. Its arsenal includes Harpoon anti-ship missiles and torpedoes.
2. Bell Boeing V-22 Osprey
Entered Service: 1989
Retired: N/A
Cost: $118 million*
Two of the world’s leading defense firms created the Bell Boeing V-22 Osprey. After a late-eighties military crisis underscored the need for a new vertical-takeoff, long-range, high-speed aircraft, the DOD tapped Textron Inc and Boeing Co. to build the multi-mission aircraft as quickly as possible. The V-22 Osprey flew its first mission in 1989.
3. MiG-21
Entered Service: 1955
Retired: 1985
Cost: $25.2 million*
The MiG-21, created during the Soviet Union by the Mikoyan-Gurevich Design Bureau is an aviation record-holder. This fighter plane was not only historically used by the Soviet Air Force, it was also used by the Romanian, Croation, and Indian Air Forces. 11,496 were produced (10,645 of which were made in the USSR by UNAC).
This set a record for the most-produced supersonic jet in the history of aviation. It also had the highest production of any post-Korean-War combat aircraft. The MiG-21 is still in service, and it has the third-longest production run for a combat aircraft (next to the E-15 Eagle and the Fighting Falcon F-16).
4. MiG-31 Foxhound
Entered Service: 1975
Retired: N/A
Cost: $33.2 million*
Another Soviet-era plane was the MiG-31 Foxhound, which was designed by the Soviet Union in 1975 and introduced in 1981. This plane is still in service, used by the Russian Aerospace Forces and the Kazakhstan Air Force. 519 of these supersonic interceptor planes have been made thus far by UNAC.
The MiG-31 Foxhound was designed to replace the Foxbat, and it shares the same design elements as its predecessor. The MiG-31 is one of the world’s fastest combat jets, which is likely why it was not retired after the collapse of the Soviet Union. Russia announced that it will keep the MiG-31 in service at least until 2030.
5. Northrop Grumman B-2 Spirit
Entered Service: 1989
Retired: 2000
Cost: $2.1 billion*
Northrop Grumman is one of the largest defense manufacturers in the world, with revenues of over $30 billion per year. One of Northrop Grumman’s best-known creations was the B-2 Spirit. Also called the Stealth Bomber, this heavy strategic bomber had technology designed to penetrate dense anti-aircraft defenses.
The B-2 Spirit is designed to fly with a crew of just two people, and it uses both thermonuclear and conventional weapons. This Northrop Grumman Corp jet had its first flight in 1989, and it was produced until 2000. Nineties-era Stealth Bombers are still in use today, though the high cost made the project unsustainable for long. 21 were made.
6. Dassault Mirage 2000
Entered Service: 1978
Retired: N/A
Cost: $36.1 million*
Dassault Aviation developed the Dassault Mirage 2000, which is a multi-role fourth-generation jet fighter. The Mirage 2000 was created in 1978, and it was officially introduced for use in the French Air Force in 1984. The Mirage 2000 is also used by the United Arab Emirates Air Force, the Indian Air Force, and the Taiwanese Air Force.
The Mirage 2000 has had several variants, including the 2000N and 2000D developed by DUAVF from it, making it somewhat of a leading predecessor. Later, this lightweight fighter would be developed into the Dassault Mirage 4000. 601 of these jet fighters have been built thus far.
7. F-15 Eagle
Entered Service: 1972
Retired: N/A
Cost: $43.1 million*
Boeing teamed up with McDonnell Douglas, its subsidiary, to create the McDonnell Douglas F-15 Eagle. This twin-engine tactical fighter aircraft can fly in all weather systems. Back in the late sixties, the UAF reviewed a slew of proposals from leading defense manufacturers for a dedicated air superiority fighter.
It chose the Boeing Co design. The design took five years (from 1967 until 1972) to implement. The F-15 Eagle is one of the world’s most successful modern jet fighters, with more than 100 victories and zero losses in aerial combat. The F-15 Eagle is a favorite of not only the USAF, but also the Israeli Air Force.
8. C-17 Globemaster III
Entered Service: 1991
Retired: 2012 (T1 Prototype)
Cost: $328 million*
Another Boeing plane is the C-17 Globemaster III. The Globemaster III was designed by Boeing’s McDonnell Douglas subsidiary. This large, military transport aircraft had its first flight in 1991, and it was introduced to the USAF in 1995. The C-17 is commonly used for tactical airlift and strategical airlift missions.
This Boeing Co plane transports troops and cargo around the world, and it also does airdrop and medical evacuation duties. The C-17 was made as the replacement for the Lockheed C-141 Starlifter. The C-17 also was designed to free up the C-5 fleet, leaving it to deal with outsize cargo.
9. VH-71 Kestrel
Entered Service: 2007
Retired: N/A
Cost: $241 million*
The Lockheed Martin VH-71 Kestrel was manufactured in conjunction with AgustaWestland and Bell Helicopter. It had its first flight in 2007, but the project was canceled in 2009 because of the high cost ($13 billion for 28 Kestrels). The Lockheed Martin plane was initially made to replace the Marine One Presidential Transport Fleet.
The USMC Martin One was marketed as the US101 before Lockheed Martin took over. Later, Lockheed argued, after cancelation, that the reason the price was so high was because the government kept demanding unanticipated and excessive modifications, none of which were present in the initial RFP.
10. Chengdu J-20 Black Eagle
Entered Service: 2011
Retired: N/A
Cost: $110 million*
The Chengdu J-20 is used by the People’s Liberation Army Airforce. There have been fifty built so far by the Chengdu Aerospace Corporation, and it is designed for air superiority. The J-20 has precision strike capability, and it had its first flight in 2011. It was introduced six years later.
