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== Geography ==▼
▲== Geography ==
In September 2018, [[PwC]] ranked aerospace manufacturing attractiveness: the most attractive country was the [[United States]], with $240 billion in sales in 2017, due to the sheer size of the industry (#1) and educated [[workforce]] (#1), low [[geopolitical risk]] (#4, #1 is [[Japan]]), strong [[transportation infrastructure]] (#5, #1 is [[Hong Kong]]), a healthy [[economy]] (#10, #1 is [[China]]), but high [[costs]] (#7, #1 is [[Denmark]]) and average [[tax policy]] (#36, #1 is [[Qatar]]).<!--<ref name=PwCsep2018>-->
Following were [[Canada]], [[Singapore]], [[Switzerland]] and [[United Kingdom]].<ref name=PwCsep2018>{{cite web |url= https://www.pwc.com/us/en/industrial-products/publications/assets/pwc-aerospace-manufacturing-attractiveness-rankings-2018.pdf |title= Aerospace manufacturing attractiveness rankings |date= September 2018 |publisher= PwC}}</ref>
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Between 1988 and 2010, more than 5,452 [[mergers and acquisitions]] with a total known-value of US$579 billion were announced worldwide.<ref>{{cite web |url= https://imaa-institute.org/m-and-a-by-industries/#mergers-acquisitions-industry-Aerospace-Defense |title= Mergers & Acquisitions - Aerospace & Defense |work= Thomson Financial, Institute for Mergers, Acquisitions and Alliances}}</ref>
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
[[Boeing]] bought [[McDonnell Douglas]] for US$13.3 billion in 1996.<ref>{{cite news |url= https://www.nytimes.com/1996/12/16/business/boeing-offering-13-billion-to-buy-mcdonnell-douglas-last-us-commercial-rival.html |title=Boeing offering $13 billion to buy McDonnell Douglas |work= New York Times |date= Dec 16, 1996 }}</ref>
[[Raytheon]] acquired [[Hughes Aircraft Company]] for $9.5 billion in 1997.<ref>{{cite news |url= https://www.flightglobal.com/news/articles/raytheon-wins-bidding-war-for-hughes-aircraft-1467/ |title= Raytheon wins bidding war for Hughes Aircraft |date= 22 January 1997 |work= Flight International}}</ref>
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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>
== Supply chain ==
Before the 1980s/1990s, aircraft and aeroengine manufacturers were [[vertically integrated]].<!--<ref name=AvWeek18may2017/>-->
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Tier 1 suppliers were led by [[Honeywell]], [[Safran]], [[Goodrich Corporation]] and [[Hamilton Sundstrand]].<ref name=AvWeek18may2017/>
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 [[A350XWB]].<!--<ref name=AvWeek18may2017/>-->
[[Boeing]] embraced an aggressive Tier 1 model for the [[B787]] 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 [[A320]].<!--<ref name=AvWeek18may2017/>-->
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* [[Aerospace]]
* [[Aerospace industry in the United Kingdom]]
* [[
* [[Aircraft industry]]
** [[Aircraft industry of Russia]]
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==References==
{{Reflist}}
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