(Fortune) -- Northrop Grumman (Charts) ranks no. 190 on FORTUNE's Global 500 this year, with $30.7 billion in revenues, up 2.9% from the previous year. The Los Angeles, California-based company was ranked no. 166 on the 2005 list. Its 2005 profits were $1.4 billion, up 29.2% from a year earlier.

2005 was a banner year for most Global 500 companies. It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP.

In the Aerospace and Defense industry, profits were up 29.2% from the previous year. The world's biggest companies in the sector are: Boeing (Charts), ranked no. 91 on the Global 500 with $54.8 billion in revenues; United Technologies (Charts), ranked no. 126 on the Global 500 with $42.7 billion in revenues; EADS, ranked no. 130 on the Global 500 with $42.5 billion in revenues; and Lockheed Martin (Charts) (LMT), ranked no. 150 on the Global 500 with $37.2 billion in revenues.

The Global 500 list is an annual ranking of the world's largest corporations by revenues.

Next: Full list: 2006 Global 500 at http://money.cnn.com/global500

Plus: See Northrop Grumman's Global 500 details, including financial stats and contact information.