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== Market ==
In 2015 the aircraft production was worth US$180.3
The global aerospace industry was worth $838.5 billion in 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>
In 2018, the new commercial aircraft value is projected for $270.4 billion while [[business aircraft]] will amount for $18 billion and civil helicopters for $4 billion.<ref>{{cite news |url= http://aviationweek.com/commercial-aviation/commercial-spending-will-lead-mro-field-2018 |title= Commercial Spending Will Lead MRO Field In 2018 |at= Comparing civil, helicopter, business aviation and military MRO forecasts for 2018 |date= Jan 2, 2018 |author= Lee Ann Shay |work= Aviation Week & Space Technology}}</ref>
== Largest aerospace companies ==
{| class="wikitable sortable"
|+
!
! 2022<ref name=Flight18August2023>{{cite news |url= https://www.flightglobal.com/flight-international/top-100-aerospace-companies-ranked-by-revenue/154606.article |title= Top 100 aerospace companies ranked by revenue 2022 |author= Murdo Morrison |date= 18 August 2023 |work= FlightGlobal }}</ref>
! 2019<ref name=Flight15sep2020>{{cite news |url= https://www.flightglobal.com/aerospace/airbus-displaces-boeing-as-aerospaces-biggest-company/140026.article |title= Airbus displaces Boeing as aerospace's biggest company |author= Murdo Morrison |date= 15 September 2020 |work= FlightGlobal }}</ref>
! 2018<ref name=Flight3sep2019>{{cite news |url= https://www.flightglobal.com/globalassets/reports/Top-100-aerospace-companies-by-revenue-2018.pdf |title= Top 100 aerospace companies by revenue 2018 |date= 3 Sep 2019 |work= Flight International}}</ref>
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! 2015<ref name=Flight13sep2016>{{cite news |url= https://www.flightglobal.com/file/?contentId=13060 |title= Top 100 Special Report |work= Flight International |date= 13 September 2016}}</ref>
! 2014<ref name=Flight15Sep2015>{{cite news |url= https://d3fod5fkpt74ph.cloudfront.net/bef643f18cd3410788f767ce75e3e615/f99aa5ad15a843bb899aa1f24f215e1e.pdf |title= Top 100 Aerospace Companies |work= Flight International |date= 15–21 September 2015}}</ref>
! Country
|-
| [[RTX Corporation]]
|-
| [[Boeing]]<ref group=lower-alpha name=MAXmud/>
| 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}}
|-
| [[Airbus]]{{refn|group=lower-alpha|name=MAXmud|In 2019, Airbus displaced Boeing as the largest aerospace company by revenue due to the [[Boeing 737 MAX groundings]], with $2 billion operating losses down from $12 billion profits the previous year.<ref name=Flight15sep2020/>}}
| 61.8 || 78.9 || 75.1 || 72.3 || 70.8 || 68.8 || 80.6 || {{flag|France}}{{flag|Germany}}{{flagcountry|UK}}{{flag|Spain}}
|-
| [[Northrop Grumman]]
| 36.6 || 33.8 || 30.1 || 25.8 || 24.5 || 23.5 || 24.0 || {{flagcountry|USA}}
|-
| [[Rostec]]
| 30.0 || || || || || || || {{flag|Russia}}
|-
| [[BAE Systems]]
| 27.0 || 22.8 || 12.8 || 13.4 || 13.4 || 13.9 || 13.7 || {{flagcountry|UK}}
|-
| [[GE Aerospace]]
| 26.1 || || 30.6 || 27.4 || 26.3 || 24.7 || 24.0 || {{flagcountry|USA}}
|-
| [[Safran]]
| 20.0 || || 25.2 || 17.9 || 16.8 || 16.6 || 18.3 || {{flagcountry|France}}
|-
| [[Rolls-Royce Holdings]]
| 17.2 || || 15.0 || 12.7 || 12.0 || 13.2 || 14.7 || {{flagcountry|UK}}
|-
| [[L3Harris]]
| 17.1 || || || || || || || {{flagcountry|USA}}
|-
| [[Leonardo S.p.A.|Leonardo]] (Finmeccanica)
|
|-
| ''[[United Technologies]]''{{refn|group=lower-alpha|name=RTmerge|United Technologies merged with the [[Raytheon Company]] in April 2020 to form [[RTX Corporation|Raytheon Technologies (RTX Corporation)]].<ref name=mergercomplete>{{cite press release
|title=United Technologies and Raytheon Complete Merger of Equals Transaction
|url=https://www.rtx.com/News/2020/04/03/United-Technologies-and-Raytheon-Complete-Merger-of-Equals-Transaction
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|date=3 April 2020
|language=en}}</ref>
}}
|
|-
| ''[[Raytheon Company]]''<ref group=lower-alpha name=RTmerge/>
|
|-
|}
{| class="wikitable sortable"
|+ By Operating profit ($ billion)
! Company
! 2022<ref name=Flight18August2023/>
! 2019<ref name=Flight15sep2020/>
! 2018<ref name=Flight3sep2019/>
! 2017<ref name=Flight3sep2018/>
! 2016<ref name=Flight1sep2017/>
! 2015<ref name=Flight13sep2016/>
! 2014<ref name=Flight15Sep2015/>
! Country
|-
| [[Lockheed Martin]]
| 8.35 || 8.55 || 7.33 || 5.90 || 5.55 || 4.71 || 5.59 || {{flagcountry|USA}}
|-
| [[Airbus]]<ref group=lower-alpha name=MAXmud/>
| 5.60 || 1.5 || 5.95 || 3.70 || 2.40 || 4.34 || 4.50 || {{flag|France}}{{flag|Germany}}{{flagcountry|UK}}{{flag|Spain}}
|-
| [[RTX Corporation]]
| 5.41 || || || || || || || {{flagcountry|USA}}
|-
| [[GE Aerospace]]
| 4.78 || || 6.47 || 6.64 || 6.12 || 5.51 || 5.00 || {{flagcountry|USA}}
|-
| [[Northrop Grumman]]
| 3.60 || 3.97 || 3.78 || 3.30 || 3.19 || 3.08 || 3.20 || {{flagcountry|USA}}
|-
| [[Rostec]]
| 3.18 || || || || || || || {{flag|Russia}}
|-
| [[Safran]]
| 2.06 || || 3.43 || 2.58 || 2.54 || 1.71 || 2.74 || {{flagcountry|France}}
|-
| [[L3Harris]]
| 1.27 || || || || || || || {{flagcountry|USA}}
|-
| [[Leonardo S.p.A.|Leonardo]] (Finmeccanica)
| 0.87 || || 0.59 || 0.90 || 1.05 || 0.94 || 0.72 || {{flagcountry|Italy}}
|-
| [[Boeing]]<ref group=lower-alpha name=MAXmud/>
| -3.55 || -1.98 || 12.00 || 10.30 || 4.90 || 5.18 || 7.47 || {{flagcountry|USA}}
|-
| [[BAE Systems]]
| || - ||
|-
| [[Rolls-Royce Holdings]]
| || ||
|-
| ''[[United Technologies]]''<ref group=lower-alpha name=RTmerge/>
|
|-
| ''[[Raytheon Company]]''<ref group=lower-alpha name=RTmerge/>
| || ||
|-
|}
{{notelist-la}}
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=== Cities ===
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}}
== Consolidation ==
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== Suppliers ==
The largest aerospace suppliers are [[United Technologies]] with $28.2
On 26 November 2018, United Technologies announced the completion of its Rockwell Collins acquisition, renaming systems supplier UTC Aerospace Systems as [[Collins Aerospace]], for $23 billion of sales in 2017 and 70,000 employees, and $39.0 billion of sales in 2017 combined with engine manufacturer [[Pratt & Whitney]].<ref>{{cite press release |url= http://www.utc.com/News/News-Center/Pages/United-Technologies-Announces-Intention-to-Separate-Into-Three-Independent-Compan.aspx |title= United Technologies Announces Intention to Separate Into Three Independent Companies; Completes Acquisition of Rockwell Collins |date= November 26, 2018 |publisher= United Technologies}}</ref>
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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 [[
[[Boeing]] embraced an aggressive Tier 1 model for the [[
Tier 1 consolidation also affects engine manufacturers : [[GE
==See also==
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* Hartley, Keith. '' The Political Economy Of Aerospace Industries: A Key Driver of Growth and International Competitiveness? (Edward Elgar, 2014); 288 pages; the industry in Britain, continental Europe, and the US with a case study of BAE Systems.
* Newhouse, John. ''The Sporty Game: The High-Risk Competitive Business of Making and Selling Commercial Airliners.'' New York: Alfred A. Knopf, 1982. {{ISBN|978-0-394-51447-5}}.
* Wills, Jocelyn. ''Tug of War: Surveillance Capitalism, Military Contracting, and the Rise of the Security State'' (McGill-Queen's University Press, 2017), scholarly history of [[MDA (company)|MDA]] in Canada. [https://www.h-net.org/reviews/showpdf.php?id=59519 online book review]
{{refend}}
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