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Here's how much the CEOs of America's top defense companies are paid

  • CEOs of the top 10 U.S. defense companies were paid a total of about $160 million in 2016.
  • At the top of the list are the female CEOs of Lockheed Martin and General Dynamics.

There's no business, like the arms business.

Chief executives of the top 10 U.S. military contractors were paid a total of about $160 million in 2016, according to company filings with the Securities and Exchange Commission.

At the top of the list are the female CEOs of Lockheed Martin and General Dynamics with combined pay of $42 million in 2016.

The Department of Defense requested one of the largest budgets in history with its recent proposal of $686 billion and an additional $30 billion for nondefense agencies including the Department of Energy, which maintains the country's nuclear weapons.

As the top weapons supplier, Lockheed Martin takes the lion's share of Pentagon funds with nearly 90 percent of revenue coming from the federal government.

In short, defense contractors are paid largely with U.S. taxpayer dollars.

Below is a list of defense industry giants and how much leaders of these companies made.

Companies are ordered by revenue.

10. Darius Adamczyk, Honeywell

Darius Adamczyk, chief executive officer of Honeywell International Inc.
Christopher Goodney | Bloomberg | Getty Images
Darius Adamczyk, chief executive officer of Honeywell International Inc.

2017 total compensation: about $16.5 million

Base salary: $1.4 million
Stock awards: $5.3 million
Option awards: $3.6 million
Incentive plan compensation: $5.7 million
Pension earnings: $307,401
Other compensation: $204,737

2016 total compensation: about $10.3 million

Base salary: $1.1 million
Bonus: $1.5 million
Stock awards: $3.3 million
Option awards: $3.9 million
Pension earnings: $349,933
Other compensation: $95,888

9. Scott Donnelly, Textron

Scott Donnelly
Leon Neal | AFP | Getty Images
Scott Donnelly

2017 total compensation: about $14.8 million

Base salary: $1.2 million
Stock awards: $6.7 million
Option awards: $3 million
Incentive plan compensation: $2.2 million
Pension earnings: $1.7 million
Other compensation: $112,957

2016 total compensation: about $12.7 million

Base salary: $1.1 million
Stock awards: $6.1 million
Option awards: $2.5 million
Incentive plan compensation: $1.6 million
Pension earnings: $1.3 million
Other compensation: $83,236

2015 total compensation: about $12.4 million

Base salary: $1.2 million
Stock awards: $6.4 million
Option awards: $2.7 million
Incentive plan compensation: $1.8 million
Pension earnings: $237,150
Other compensation: $80,689

8. C. Michael Petters, Huntington Ingalls Industries

Michael 'Mike' Petters, president and chief executive officer of Huntington Ingalls Industries
Andrew Harrer | Bloomberg | Getty Images
Michael 'Mike' Petters, president and chief executive officer of Huntington Ingalls Industries

2016 total compensation: about $7.2 million

Base salary: $328,847
Stock awards: $3.8 million
Incentive plan compensation: $2 million
Pension earnings: $1 million
Other compensation: $57,983

2015 total compensation: about $8.2 million

Base salary: $986,538
Stock awards: $3.8 million
Incentive plan compensation: $2.1 million
Pension earnings: $1.2 million
Other compensation: $50,483

2014 total compensation: about $13.5 million

Base salary: $950,000
Stock awards: $3.8 million
Incentive plan compensation: $1.8 million
Pension earnings: $6.9 million
Other compensation: $50,580

7. Gregory Hayes, United Technologies

United Technologies Chairman and CEO Greg Hayes gives an interview to CNBC on the floor of the New York Stock Exchange, September 5, 2017.
Brendan McDermid | Reuters
United Technologies Chairman and CEO Greg Hayes gives an interview to CNBC on the floor of the New York Stock Exchange, September 5, 2017.

2016 total compensation: about $15.8 million

Base salary: $1.5 million
Bonus: $3 million
Stock awards: $5 million
Option awards: $3.7 million
Pension earnings: $2.4 million
Other compensation: $321,842

2015 total compensation: about $10.8 million

Base salary: $1.3 million
Bonus: $850,000
Stock awards: $4.8 million
Option awards: $3.3 million
Pension earnings: $230,673
Other compensation: $354,502

2014 total compensation: about $9 million

Base salary: $949,583
Bonus: $1.6 million
Stock awards: $2.3 million
Option awards: $2 million
Incentive plan compensation: $54,280
Pension earnings: $1.8 million
Other compensation: $193,910

6. Michael Strianese, L3 Technologies

Michael Strianese, chairman, president and chief executive officer of L-3 Communications
Michael Fein | Bloomberg | Getty Images
Michael Strianese, chairman, president and chief executive officer of L-3 Communications

2016 total compensation: about $15.2 million

Base salary: $1.4 million
Stock awards: $5 million
Option awards: $3 million
Incentive plan compensation: $3.5 million
Pension earnings: $2.2 million
Other compensation: $113,250

2015 total compensation: about $10.6 million

Base salary: $1.4 million
Stock awards: $5 million
Option awards: $3 million
Incentive plan compensation: $951,800
Pension earnings: $180,986
Other compensation: $102,304

2014 total compensation: about $14.8 million

Base salary: $1.4 million
Stock awards: $5 million
Option awards: $3 million
Incentive plan compensation: $731,600
Pension earnings: $4.6 million
Other compensation: $100,496

5. Phebe Novakovic, General Dynamics

Phebe Novakovic, Chairman and CEO of the General Dynamics Corporation
Brendan Smialowski | AFP | Getty Images
Phebe Novakovic, Chairman and CEO of the General Dynamics Corporation

2016 total compensation: about $21.4 million

Base salary: $1.6 million
Stock awards: $7.1 million
Option awards: $7.1 million
Incentive plan compensation: $5.2 million
Pension earnings: $155,239
Other compensation: $310,948

2015 total compensation: about $20.4 million

Base salary: $1.6 million
Bonus: $4.9 million
Stock awards: $6.9 million
Option awards: $6.9 million
Other compensation: $278,306

2014 total compensation: about $19.4 million

Base salary: $1.6 million
Bonus: $4.3 million
Stock awards: $6.5 million
Option awards: $6.5 million
Pension earnings: $394,888
Other compensation: $258,417

4. Wesley Bush, Northrop Grumman

Northrop Grumman President and CEO Wes Bush
Getty Images
Northrop Grumman President and CEO Wes Bush

2016 total compensation: about $19.8 million

Base salary: $1.5 million
Stock awards: $10 million
Incentive plan compensation: $4.4 million
Pension earnings: $3 million
Other compensation: $868,625

2015 total compensation: about $15.8 million

Base salary: $1.6 million
Stock awards: $10 million
Incentive plan compensation: $3.3 million
Other compensation: $901,958

2014 total compensation: about $21.8 million

Base salary: $1.5 million
Stock awards: $9 million
Incentive plan compensation: $3.4 million
Pension earnings: $6.9 million
Other compensation: $1 million

3. Thomas Kennedy, Raytheon

Thomas A. Kennedy, CEO of Raytheon.
Mary Catherine Wellons | CNBC
Thomas A. Kennedy, CEO of Raytheon.

2016 total compensation: about $20.5 million

Base salary: $1.3 million
Stock awards: $9.1 million
Incentive plan compensation: $2.9 million
Pension earnings: $ 6.7 million
Other compensation: $416,692

2015 total compensation: about $20.4 million

Base salary: $1.2 million
Stock awards: $8.1 million
Incentive plan compensation: $3 million
Pension earnings: $7.6 million
Other compensation: $406,917

2014 total compensation: about $13.7 million

Base salary: $1.1 million
Stock awards: $7.2 million
Incentive plan compensation: $2.5 million
Pension earnings: $2.6 million
Other compensation: $323,136

2. Dennis Muilenburg, Boeing

Dennis Muilenburg, chairman and CEO of Boeing. The company says 1 out of every 4 jetliners rolling off its assembly lines is being bought up by Chinese customers.
Andrew Harrer | Bloomberg | Getty Images
Dennis Muilenburg, chairman and CEO of Boeing. The company says 1 out of every 4 jetliners rolling off its assembly lines is being bought up by Chinese customers.

2016 total compensation: about $15.1 million

Base salary: $1.6 million
Stock awards: $5.2 million
Incentive plan compensation: $6.4 million
Pension earnings: $956,711
Other compensation: $837,148

2015 total compensation: about $13.2 million

Base salary: $1.4 million
Stock awards: $5.1 million
Incentive plan compensation: $4.6 million
Pension earnings: $1.8 million
Other compensation: $349,449

2014 total compensation: about $11.8 million

Base salary: $1.1 million
Stock awards: $2.5 million
Incentive plan compensation: $4.1 million
Pension earnings: $3.9 million
Other compensation: $152,712

1. Marillyn Hewson, Lockheed Martin

Marillyn Hewson, the Chairman, President and Chief Executive Officer of Lockheed Martin.
Carl Court | AFP | Getty Images
Marillyn Hewson, the Chairman, President and Chief Executive Officer of Lockheed Martin.

2016 total compensation: about $20.6 million

Base salary: $1.6 million
Stock awards: $9.2 million
Incentive plan compensation: $8.2 million
Pension earnings: $1.2 million
Other compensation: $399,828

2015 total compensation: about $28.6 million

Base salary: $1.6 million
Stock awards: $9 million
Incentive plan compensation: $9.1 million
Pension earnings: $8.4 million
Other compensation: $500,573

2014 total compensation: about $33.7 million

Base salary: $1.5 million
Stock awards: $8.9 million
Incentive plan compensation: $7.1 million
Pension earnings: $15.8 million
Other compensation: $415,055