Aerospace manufacturer: Difference between revisions

In 2015 the aircraft production was worth US$180.3 Billionbillion: 61% [[airliner]]s, 14% business and [[general aviation]], 12% [[Militarymilitary aircraft]], 10% military [[rotary wing]] and 3% civil rotary wing; while their [[aircraft maintenance|MRO]] was worth $135.1 Bn or ${{#expr:180.3+135.1}} Bn combined.<ref>{{cite web |url= https://www.aeromontreal.ca/download/fca8adddfff353/01-MRO+Industry+Outlook_Kevin+Michaels.pdf |title= MRO Industry Outlook |author= Kevin Michaels |publisher= ICF International |date= April 28, 2016}}</ref>

The global aerospace industry was worth $838.5 billion in 2017: Aircraftaircraft & Engineengine [[OEM]]s represented 28% (${{#expr:838*.28round0}} Bn), Civilcivil & Militarymilitary MRO & Upgradesupgrades 27% (${{#expr:838*.27round0}} Bn), Aircraftaircraft Systemssystems & Componentcomponent Manufacturingmanufacturing 26% (${{#expr:838*.26round0}} Bn), [[Satellitesatellite]]s & Spacespace 7% (${{#expr:838*.07round0}} Bn), [[Missilemissile]]s & [[UAV]]s 5% (${{#expr:838*.05round0}} Bn) and other activity, including [[flight simulator]]s, defense electronics, public research accounted for 7% (${{#expr:838*.07round0}} Bn).<ref name=Industry-2017/>

The countries with the largest industry were led by the [[United States]] with $408.4 Bn ({{#expr:408.4/8.38round0}}%), followed by [[France]] with $69 Bn ({{#expr:69/8.38round1}}%), then [[China]] with $61.2 Bn ({{#expr:61.2/8.38round1}}%), the [[United Kingdom]] with $48.8 Bn ({{#expr:48.4/8.38round1}}%), [[Germany]] with $46.2 Bn ({{#expr:46.2/8.38round1}}%), [[Russia]] with $27.1 Bn ({{#expr:27.1/8.38round1}}%), [[Canada]] with $24 Bn ({{#expr:24/8.38round1}}%), [[Japan]] with $21 Bn ({{#expr:21/8.38round1}}%), [[Spain]] with $14 Bn ({{#expr:14/8.38round1}}%) and [[India]] with $11Bn ({{#expr:11/8.38round1}}%). The top 10 countries represent $731 Bn or {{#expr:731/8.38round1}}% of the whole industry.<ref name=Industry-2017>{{cite web |url= https://aerodynamicadvisory.com/wp-content/uploads/2018/07/AeroDynamic-Teal_Global-Aerospace-Industry_16July2018.pdf |title= The Global Aerospace Industry Size & Country Rankings |date= 16 July 2018 |publisher= The Teal Group / AeroDynamic Advisory |author1= Richard Aboulafia |author-link= Richard Aboulafia |author2=Kevin Michaels}}</ref>

== Largest aerospace companies ==

|+ LargestBy aerospace companiesRevenue ($ billion)

! rowspan=2 | Company

|| 7867.91 || 75.1|| || 72.3|| || 70.8 || 68.8 || 80.6{{flagcountry|USA}}

| 66.6 || 76.6 || 101.0 || 93.4 || 94.6 || 96.1 || 90.8 || {{flagcountry|USA}}

| [[Lockheed Martin]]
| 66.0 || 59.8 || 53.8 || 51.0 || 47.2 || 40.5 || 45.6 || {{flagcountry|USA}}

| [[United TechnologiesAirbus]]{{refn|group=lower-alpha|name=RTmergeMAXmud|UnitedIn Technologies2019, mergedAirbus withdisplaced Boeing as the largest aerospace company by revenue due to the [[RaytheonBoeing Company737 MAX groundings]], inwith April$2 2020billion tooperating formlosses Raytheondown Technologiesfrom $12 billion profits the previous year.<ref name=mergercompleteFlight15sep2020/>{{cite press release }}

| 5|| 46.779 || 336.570 || 330.839 || 329.840 || 333.001 || 436.572 || {{flagcountry|USA}}

| 3.97|| || 327.781 || 325.303 || 324.191 || 323.082 || 322.208 || {{flagcountry|USA}}

| 8.35 || 48.5455 || 37.3233 || 35.2490 || 35.55 || 4.0171 || 35.1859 || {{flagcountry|USA}}

| 5.60 || 31.435 || 25.5895 || 3.70 || 2.5440 || 14.7134 || 24.7450 || {{flagcountryflag|France}}{{flag|Germany}}{{flagcountry|UK}}{{flag|Spain}}

| 5.41 || 0.44|| || 1.11 || 0.98 || 1.77 || 2.15 || {{flagcountry|UKUSA}}

| 4.78 || || 06.5947 || 06.9064 || 16.0512 || 05.9451 || 05.7200 || {{flagcountry|ItalyUSA}}

Important locations of the civil aerospace industry worldwide include [[Seattle]], [[Wichita, Kansas]], [[Dayton, Ohio]] and [[St. Louis]] in the United States ([[Boeing]]), [[Montreal]] and [[Toronto]] in Canada ([[Bombardier Aerospace|Bombardier]], [[Pratt & Whitney Canada]]), [[Toulouse]] and [[Bordeaux]] in France ([[Airbus]], [[Dassault Aviation|Dassault]], [[ATR (aircraft manufacturer)|ATR]]), [[Seville]] in Spain and [[Hamburg]] in Germany ([[Airbus]], [[EADS]]), the North-West of England and [[Bristol]] in Britain ([[BAE Systems]], [[Airbus]] and [[AgustaWestland]]), [[Komsomolsk-on-Amur]] and [[Irkutsk]] in Russia ([[Sukhoi]], [[Beriev]]), [[Kyiv]] and [[Kharkiv]] in Ukraine ([[Antonov]]), [[Nagoya]] in Japan ([[Mitsubishi Heavy Industries Aerospace]] and [[Kawasaki Heavy Industries Aerospace]]), as well as [[São José dos Campos]] in Brazil where [[Embraer]] is based.{{citation needed|date=January 2023}}

In 1993, then [[United States Secretary of Defense]] [[Les Aspin]] and his deputy [[William J. Perry]] held the "Last Supper" at [[the Pentagon]] with contractors executives who were told that there were twice as many military suppliers as he wanted to see: $55 billion in military-industrymilitary–industry mergers took place from 1992 to 1997, leaving mainly [[Boeing]], [[Lockheed Martin]], [[Northrop Grumman]] and [[Raytheon]].<ref>{{cite news |url= https://www.nytimes.com/1998/02/27/business/shrinking-military-complex-after-cold-war-pentagon-just-another-customer.html |title= The Shrinking Military Complex; After the Cold War, the Pentagon Is Just Another Customer |author= Leslie Wayne |newspaper= New York Times |date= Feb 27, 1998}}</ref>

! Target !! Buyer !! data-sort-type="usLongDate" | Closed !! U.S. Bn || scope="col" class="unsortable" | Ref

| [[Precision Castparts]] || [[Berkshire Hathaway]] || style="text-align: right;" | January 2016 || style="text-align: right;" | 37.2 ||

| [[Rockwell Collins]] || [[United Technologies]] || style="text-align: right;" | November 2018 || style="text-align: right;" | 30.0 ||

| [[Goodrich Corporation|Goodrich]] || [[United Technologies]] || style="text-align: right;" | July 2012 || style="text-align: right;" | 18.3 ||

| [[Sikorsky Aircraft|Sikorsky]] || [[Lockheed Martin]] || style="text-align: right;" | November 2015 || style="text-align: right;" | 9.0 ||

| [[B/E Aerospace]] || Rockwell Collins || style="text-align: right;" | April 2017 || style="text-align: right;" | 8.6 ||

| [[Alliant Techsystems]]' A&D Group || Orbital ATK || style="text-align: right;" | February 2015 || style="text-align: right;" | 5.0 ||

| [[Exelis Inc.]] || [[Harris Corp.]] || style="text-align: right;" | May 2015 || style="text-align: right;" | 4.75 ||

| [[Avio S.p.A.]] Aviation Business || [[General Electric]] || style="text-align: right;" | August 2013 || style="text-align: right;" | 4.3 ||

| [[Titanium Metals Corp]] || Precision Castparts || style="text-align: right;" | December 2012 || style="text-align: right;" | 3.0 ||

| [[Firth Rixson]] || [[Alcoa]] || style="text-align: right;" | July 2015 || style="text-align: right;" | 2.85 ||

The largest aerospace suppliers are [[United Technologies]] with $28.2 Billionbillion of revenue, followed by [[GE Aviation]] with $24.7 Billionbillion, [[Safran]] with $22.5 Billionbillion, [[Rolls-Royce Holdings]] with $16.9 Billionbillion, [[Honeywell Aerospace]] with $15.2 Billionbillion and [[Rockwell Collins]] including [[B/E Aerospace]] with $8.1 Billionbillion.<ref name=AW170120>{{cite news |url= http://aviationweek.com/connected-aerospace/tier-1-consolidation-continues-safran-takes-over-zodiac |title= Tier 1 Consolidation Continues As Safran Takes Over Zodiac |date= Jan 20, 2017 |author= Thierry Dubois and Jens Flottau |work= Aviation Week & Space Technology}}</ref> [[Electric aircraft]] development could generate large changes for the aerospace suppliers.<ref>{{cite news |url= http://aviationweek.com/commercial-aviation/industry-landscape-could-reboot-under-aircraft-electrification |title= Industry Landscape Could Reboot Under Aircraft Electrification |date= Dec 6, 2017 |author= Michael Bruno |work= Aviation Week & Space Technology}}</ref>

== Supply chain ==

In the 2000s, Rolls-Royce reduced its supplier count after bringing in automotive supply chain executives.<!--<ref name=AvWeek18may2017/>-->

On the [[Airbus A380]], less than 100 major suppliers outsource 60% of its value, even 80% on the [[A350XWBAirbus A350|A350]].<!--<ref name=AvWeek18may2017/>-->

[[Boeing]] embraced an aggressive Tier 1 model for the [[B787Boeing 787|787]] but with its difficulties began to question why it was earning lower margins than its suppliers while it seemed to take all the risk, ensuing its 2011 ''Partnering for Success'' initiative, as [[Airbus]] initiated its own ''Scope+'' initiative for the [[Airbus A320|A320]].<!--<ref name=AvWeek18may2017/>-->

Tier 1 consolidation also affects engine manufacturers : [[GE AviationAerospace]] acquired [[Avio]] in 2013 and [[Rolls-Royce plcHoldings|Rolls-Royce]] is takingtook control of [[IndustriaITP de Turbo PropulsoresAero]].<ref name=AvWeek18may2017>{{cite news |url= http://aviationweek.com/commercial-aviation/beware-oem-supplier-relations-are-changing |title= Beware, OEM-supplier Relations Are Changing |date= May 18, 2017 |author= Kevin Michaels |work= [[Aviation Week & Space Technology]]}}</ref>

* [[Aerospace]]

** [[Aircraft parts industry]]

* [[AviationSpace industry]]

[[Category:Manufacturing companiesAerospace]]