Large Aerospace Companies
Based on two lists of top aerospace companies, combined with their annual reports, we have identified the following as the top aerospace companies in the world. Note that though our research criteria specified only six leading manufacturers, we misread it as ten. As the work was already completed by the time we recognized our error, we have included it here and in the subsequent briefs as a bonus to the request.
- 153,000 employees
- Boeing is headquartered in Chicago, IL and has reported revenues of $101.1 billion, with a backlog of $490 billion. It currently operates in the Commercial Airplanes, Defense, Space & Security, Global Services, and Boeing Capital segments.
- 134,000 employees
- Airbus, headquartered in the Netherlands, is the larges aerospace and defense company in Europe, with reported revenues of $72.9 billion, mostly from their commercial aircraft segment. However, it also "serves the military, commercial and security markets through its business segments namely Airbus Commercial Aircraft, Airbus Defense and Space, and Airbus Helicopters."
- 105,000 employees
- Lockheed Martin is a "leading aerospace, defense, security and advanced technologies company based in Bethesda," MD, with $53.8 billion in revenue. Two-thirds of the company's revenue comes from its Aeronautics, Rotary and Mission Systems, and Missiles and Fire Control segments.
- 240,000 employees
- United Technologies Corporation (UTC) has $66.5 billion in revenue. It operates several subsidiary companies, such as Pratt & Whitney (an engine manufacturer), Collins Aerospace Systems, Otis, and UTC Climate, Controls & Security.
- 105,600 employees
- General Dynamics, which divides its business into Aerospace, Combat Systems, Marine Systems, Information Technology, and Mission Systems, reported $36.2 billion in revenue in 2018. Its "product portfolio includes combat vehicles, munitions, weapons systems, merchant and combat vessels, business aircraft, C4ISR, and information technology."
- 40,000 employees
- GE Aviation is an operating division of General Electric with $30.6 billion in revenue, headquartered in Cincinnati, OH. It "produces jet and turboprop engines, avionics, electrical power, and digital systems for civil, military and business aircraft, as well as marine applications."
- 85,000 employees
- Northrop Grumman, headquartered in Falls Church, has $30.1 billion in revenue, over 80% of which is generated by its Aerospace Systems and Mission Systems segments. The company "offers innovative systems, products, and solutions for application in defense, autonomous systems, cybersecurity, C4ISR, and space programmes."
- 67,000 employees
- Raytheon, which operates Missile Systems (MS), Space and Airborne Systems (SAS), Defense Systems (IDS), Intelligence, Information and Services (IIS), and Forcepoint business segments, reported $27.1 billion in revenue in 2018. It "provides state-of-the-art electronics, command and control systems, electronic warfare, precision weapons, and cybersecurity solutions to defense and government customers."
- 91,000 employees
- Safran SA "is a leading provider of solutions for the aircraft propulsion, space, and defense markets" based in Paris, France with a reported revenue of $24.1 billion. In 2018, the company acquired Zodiac Aerospace, further bolstering its revenue.