Aerospace companies are one of the prime requirements of entire world because of people’s demand of easy transportation within countries and overseas. Today, Aerospace companies are in search of lower-cost digital solutions for different military functions, such as surveillance, intelligence gathering, and communications.
Top aerospace companies are prevalent in world today account for 62% of most of the industry revenues. This clearly demonstrates how extremely concentrated and reliant on operational scalability the industry is currently.
If you are worried about the products, services offered by such aerospace companies and what their annual turnovers are, refer below sections:
List of top 10 Best Aerospace Companies in the World in 2017-2018
10. Rolls-Royce Holdings:
Rolls-Royce is one of the biggest suppliers of aero-engine products as well as services for defence sector. Approximately 13,000 Rolls-Royce engines are working across the world and are having supplied aboard over 30 types of commercial aircraft. The company is the major supplier of engines for wide-body airliners as well as commercial jets markets. The company is engaged in the business of delivering engines for transport aircraft, patrol aircraft, combat aircraft, helicopters, trainers, and unmanned aerial vehicles.
It even conveys engine and propulsion mechanisms for merchant and marine surface basins and submarines. Rolls-Royce Holdings is actually a British based multinational public limited company incorporated in year 2011 that possesses Rolls-Royce, a business started in year 1904. Majority of this company’s shares are tradable on the London Stock Exchange as well as on other markets.
9. Global Aerospace:
Global Aerospace Corporation (GAC) was started in year 1997 by previous NASA/JPL engineers and scientists in form of a commercial research and development company. GAC has its corporate office located in Irwindale, California, where it manufactures prototypes and operates its projects in a large space of 4,300 sq. ft. R&D office/industrial area.
These services are implemented to conduct task engineering work, integration, assembly, and testing of hardware as it is manufactured for flight, as well as report writing and project meetings. Its corporate activities comprises technical examination and research, aerospace technology research and development, aerospace mission and system concept improvement, prototyping, deep ocean systems research and development, and system design, and demonstration
8. Safran Group:
Safran is a high-technology based international group and considered as a top class component provider to the aerospace industry. The company currently employs 66,300 people and it runs three major businesses including aerospace, security and defence. It works to develop, sell and manufacture engines and propulsion systems for civil and military aircraft/rotorcraft, launch vehicles, ballistic missiles, and satellites.
Last year, the company has logged sales of 15.8 billion euros (excluding Security) which is one of the great sales in the world. Holding a number of companies, Safran possesses, alone or in partnership, world or European headship positions in the prevailing markets. Safran group carries out extensive Research & Development programs to maintain pace with its fast-developing markets.
7. Raytheon Company:
Raytheon is recognized as an international aerospace company offering products for defence and commercial customers as well. The company has its headquartered in Waltham, at Massachusetts and it is known to run offices in 19 different countries as well as it sells products and services to consumers in 80 countries. The business segments of the company include missile systems, space and airborne systems, integrated defence systems, intelligence, and information and services. It has high market cap of 17.5 billion and it offers mission systems integration for communications, intelligence systems as well as mission support facilities.
6. Northrop Grumman:
Northrop Grumman offers systems, products and services for aerospace services to customers in 25 nations. Global Hawk, E-2D Advanced Hawkeye, and MQ-8 Fire Scout are few of the manned and unmanned aircraft presented by Northrop Grumman. The company even excels in delivering surveillance, targeting, and self-protection systems for military aircraft requirements.
The company was known to be a foremost United States aircraft manufacturer right from its establishment in year 1939 until its 1994 merger with Grumman to establish Northrop Grumman. The company is even acknowledged for its development of the flying wing design, out of which the most successfully is the B-2 Spirit stealth bomber.
5. General Dynamics Corporation:
The company is US based company with its headquarter in West Falls Church, Fairfax County, Virginia that offer its products and services in combat vehicles, business aviation, shipbuilding, weapons systems and munitions, communication and information technology systems. General Dynamics Corporation was formed by mergers and divestitures, and it is known as the world’s fifth-largest defense contractor depending on 2012 revenues. The company also serves defence and commercial customers in over 40 nations in six continents.
4. Aerospace Manufacturing Corp:
MI is a manufacturer of aerospace products for both commercial and military customers, located in Wallington, NJ. Through its cutting-edge technical competences, the company is able to work efficiently to provide the greatest-quality fasteners in several materials. The company offers supreme technical expertise for all the fastener needs and has built a solid status in the industry for its greater quality, as well as its technical competence to produce the most exciting fastener. It was founded in year 1986 but in year 1991, it moved to its current location, a 27,000 square foot building located in Bergen County, with an extra 6,000 square foot state-of-the-art
3. BAE Systems:
BAE is the company that delivers products and services in areas of aerospace industry recognized as British multinational defence, security, and aerospace company. Certain of the class leading product offerings from BAE include the AMPV, BVS10 armoured vehicle, M777 howitzer, intelligent class submarine, Hawk jet trainer, Type 45 air defence destroyer and Queen Elizabeth class aircraft carrier. Its headquarters are situated in London in the United Kingdom and it has functioning worldwide since its establishment. The company is regarded as among the world’s largest aerospace companies owing to its supreme quality aerospace products.
2. United Technologies Corporation (UTC):
United Technologies owns Pratt & Whitney, UTS Aerospace Systems and Sikorsky other than UTC Building & Industrial Systems and it presently employs about 212,400 people globally. UTC’s varied product base establishes aircraft engines and propulsion systems, commercial and military helicopters, aircraft systems and components. The company has a high market cap of 76.6 billion, P/E Ratio 16.04 and 2.3% dividend. UTX is engaged in areas ranging from elevators and escalators to fuel cell systems and helicopters.
1. The Boeing Company – $42.5bn:
The Boeing Company is the largest combined manufacturer of commercial jets as well as military aircraft with headquarters located in Chicago. Its business segments highlight defence, space & security, commercial airplanes, boeing capital, and mutual services group.
The product line of company encompasses military aircraft namely F-15E Eagle, F/A-18 Hornet, EA-18G Growler, P-8 Poseidon, KC-767 tanker, C-17 Globemaster III, V-22 Osprey, CH-47 Chinook, and AH-64 Apache, as well as passenger aircraft like the 737, 747, 767, 777 and 787. The company has a high market cap of around 60 billion, P/E ratio 18.42 and 2.25% dividend. Among other areas, the company researches and manages military aircraft and helicopters as well as space missile services.
The listed top 10 aerospace companies of world excel in aerospace products along with holding a high market share worth today. Among the listed one, all of the aerospace companies have its operation running since decades and continues to facilitate different nations.