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Top 10 Leading Aerospace Companies in the World 2021

Here you can find the List of Top 10 Leading Aerospace Companies in the World 2021

List of Top 10 Leading Aerospace Companies in the world

So here is the list of Top 10 Leading Aerospace Manufacturing Companies in the World.

1. Airbus

Airbus is a commercial aircraft manufacturer, with Space and Defence as well as Helicopters Divisions, Airbus is the largest aeronautics and space company in Europe and a worldwide leader

Airbus has built on its strong European heritage to become truly international – with roughly 180 locations and 12,000 direct suppliers globally. The company has aircraft and helicopter final assembly lines across Asia, Europe and the Americas, and has achieved a more than sixfold order book increase since 2000.

  • Net Sales: $ 79 Billion
  • Employees: 134,931

Airbus is a shareholder of the missile systems provider MBDA and a major partner in the Eurofighter consortium. It also owns 50% stakes in ATR, the turboprop aircraft maker, and AirianeGroup, manufacturer of the Ariane 6 launcher. Airbus is the largest aerospace companies in the world.

2. Raytheon Technologies

Raytheon Technologies is a global provider of high technology products and services
to the building systems and aerospace industries. The company operations for
the periods presented herein are classified into four principal business segments:

  • Otis,
  • Carrier,
  • Pratt & Whitney, and
  • Collins Aerospace Systems.

Otis and Carrier are referred to as the “commercial businesses,” while Pratt & Whitney and Collins Aerospace Systems are referred to as the “aerospace businesses.”
On June 9, 2019, UTC entered into a merger agreement with Raytheon Company (Raytheon) providing for an all-stock merger of equals transaction.

  • Net Sales: $77 Billion

United Technologies, comprised of Collins Aerospace Systems and Pratt & Whitney, will be the preeminent systems supplier to the aerospace and defense industry. Among the list of largest aerospace companies in the globe.

Otis, the world’s leading manufacturer of elevators, escalators and moving walkways; and Carrier, a global provider of HVAC, refrigeration, building automation, fire safety and security products with leadership positions across its portfolio.

3. Boeing Aerospace company

Boeing is the world’s largest aerospace companies and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support.

Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.

  • Net Sales: $ 76 Billion
  • More than 150 countries
  • Employees: 153,000

Boeing has a long tradition of aerospace companies leadership and innovation. The company continues to expand its product line and services to meet emerging customer needs.

Its broad range of capabilities includes creating new, more efficient members of its commercial airplane family; designing, building and integrating military platforms and defense systems; creating advanced technology solutions; and arranging innovative financing and service options for customers.

Boeing is organized into three business units:

  • Commercial Airplanes;
  • Defense,
  • Space & Security; and
  • Boeing Global Services, which began operations July 1, 2017.  

Aeronautical companies Supporting these units is Boeing Capital Corporation, a global provider of financing solutions. Boing is the largest aerospace companies in the United states USA.

In addition, functional organizations working across the company focus on engineering and program management; technology and development-program execution; advanced design and manufacturing systems; safety, finance, quality and productivity improvement and information technology.

4. China North Industries Group

China North Industries Corporation (NORINCO) is a giant enterprise group engaged in both products operation and capital operation, integrated with R&D, marketing, and services.

NORINCO mainly deals with defense products, petroleum & mineral resources exploitation, international engineering contracting, civilian explosives & chemical products, sports arms & equipment, vehicles and logistics operation, etc.

  • Net Sales: $ 69 Billion

NORINCO has been ranking among the forefront of state-owned enterprises in terms of total assets and revenue. Technology in precision demolition & annihilation systems, amphibious attack with long range suppression weapon systems, anti-aircraft & anti-missile systems, information & night vision products, highly effective assault & destroy systems, anti-terrorism & anti-riot equipment.

NORINCO has gained the trust from clients for its high quality products and excellent services. NORINCO is keen to domestic and overseas petroleum & mineral enterprises in the fields of resources prospecting, exploitation and trading, and to energetically promote the business industrialization.

While having built its brands in such services as international engineering contracting, storage & logistics and vehicles, NORINCO maintains civilian explosives & chemicals, optoelectronic products, and sports arms based on the integration of technology, industry and trade.

NORINCO has established a global operation and information network and formed a worldwide-divers NORINCO will continuously promote products innovations, make technology & services improvement and share the achievements of development.

5. Aviation Industry Corp. of China

The Aviation Industry Corporation of China, Ltd. (AVIC) was founded on November 6th, 2008 through the restructuring and consolidation of the China Aviation Industry Corporation Ι (AVIC Ι) and the China Aviation Industry Corporation ΙΙ (AVIC ΙΙ).

  • Net Sales: $ 66 Billion
  • 450,000 employees
  • over 100 subsidiaries,
  • 23 listed companies

The Company is centered on aviation and provide complete services to customers in many sectors— from research and development to operation, manufacturing and financing.

The Company business units cover defense, transport aircrafts, helicopters, avionics and systems, general aviation, research and development, flight testing, trade and logistics, assets management, finance services, engineering and construction, automobiles and more.

AVIC have built strong productivities and core competencies in manufacturing and high-tech industries. The Company integrate aviation science and technology into automobile components and parts, LCD, PCB, EO connectors, Lithium power battery, intelligent device, etc.

6. Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace companies and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

  • Net Sales: $ 60 Billion
  • Employs approximately 110,000 people worldwide

The Company Operations include 375+ facilities and 16,000 active suppliers, including suppliers in every U.S. state and more than 1,000 suppliers in over 50 countries outside the U.S. One of the largest aerospace manufacturing companies in the World.

Aeronautics, with approximately $23.7 billion in 2019 sales which includes tactical aircraft, airlift, and aeronautical research and development lines of business.

Missiles and Fire Control, with approximately $10.1 billion in 2019 sales that includes the Terminal High Altitude Area Defense System and PAC-3 Missiles as some of its high-profile programs.

Rotary and Mission Systems, with approximately $15.1 billion in 2019 sales, which includes Sikorsky military and commercial helicopters, naval systems, platform integration, and simulation and training lines of business.

Space, with approximately $10.9 billion in 2019 sales which includes space launch, commercial satellites, government satellites, and strategic missiles lines of business.

7. General Dynamics

The Company has a balanced business model which gives each business unit the flexibility to stay agile and maintain an intimate understanding of customer requirements.

General Dynamics is organized into five business groups:

  • Aerospace Companies,
  • Combat Systems,
  • Information Technology,
  • Mission Systems and
  • Marine Systems.
  • Net Sales: $ 39 Billion

The Company Portfolio spans the realm of the world’s most technologically advanced business jets, wheeled combat vehicles, command and control systems and nuclear submarines.

Each business unit is responsible for the execution of its strategy and operational performance. The Company corporate leaders set the overall strategy of the business and manage allocation of capital. This unique model keeps the company focused on what matters — delivering on promises to customers through relentless improvement, continued growth, boosting return on invested capital and disciplined capital deployment.

8. China Aerospace Science & Industry

China Aerospace Science and Industry Corporation Limited (CASIC) is a large state-owned hi-tech military company which is under the direct administration of the central government of China. Established as the Fifth Academy of the Ministry of Defense.

As one of the world’s top 500 companies and among the top 100 global defense companies, CASIC is the backbone of space industry of China, and a leader in the development of China’s industrial informatization.

  • Net Sales: $ 38 Billion
  • Employees: 1,50,000
  • CASIC owns 19 national key laboratories
  • 28 science & technology innovation platforms
  • owns 22 subsidiary units and holds shares of 9 listed companies

Actively implementing the “Belt and Road” Initiative, CASIC provides highly competitive defense products and complete system solutions for the international market in five major fields, namely air defense, sea defense, ground strike, unmanned combat, and information & electronic countermeasures, and has established cooperative relations with over 60 countries and regions in Asia, Africa, Europe and Latin America, contributing to the maintenance of regional stability and world peace.

Its high-end equipment represented by HQ-9BE, YJ-12E, C802A, BP-12A, and QW has become star products in the international market.

CASIC has established an independent development and production system for the aerospace industries such as solid launch rockets and space technology products.

Dozens of technical products developed by CASIC have supported the launch of “Shenzhou”, docking of “Tiangong”, lunar exploration of “Chang’e”, networking of “Beidou”, Mars exploration of “Tianwen” and construction of “space station”, reliably guaranteeing the successful completion of a series of major national aerospace tasks.

9. China Aerospace Companies Science & Technology

CASC, one of the Fortune Global 500 firms, is a large state-owned enterprise group with its own independent intellectual properties and famous brands, outstanding innovative capabilities, and strong core competitiveness.

Originating from the Fifth Academy of the Ministry of National Defense established in 1956 and experiencing the historic evolution of the Seventh Ministry of Machinery Industry, the Ministry of Astronautics, the Ministry of Aerospace Industry, and China Aerospace Corporation, CASC was formally founded on July 1, 1999.

  • Net Sales: $ 36 Billion
  • 8 large R&D and production complexes
  • 11 specialized companies,
  • 13 listed companies

As the leading force of China’s space industry and one of China’s first innovative enterprises.

CASC is mainly engaged in the research, design, manufacture, test and launch of space products such as launch vehicle, satellite, manned spaceship, cargo spaceship, deep space explorer and space station as well as strategic and tactical missile systems.

Its R&D and industrial facilities are mainly located in Beijing, Shanghai, Tianjin, Xi’an, Chengdu, Hong Kong and Shenzhen. Under the strategy of military-civil integration, CASC pays great attention to space technology applications such as satellite applications, information technology, new energy and materials, special space technology applications, and space biology.

CASC also greatly develops space services such as satellite and its ground operation, international space commercial services, space financial investment, software and information services. Now CASC is the only broadcast and communications satellite operator in China, and the product provider with the largest scale and strongest technical strength in China’s image information record industry.

Over the past decades, CASC has made outstanding contributions to the national economic and social development, national defense modernization and scientific and technical progress.

At present, CASC is dedicating itself to building China into a space power, continuously carrying out the national major scientific and technical programs such as Manned Spaceflight, Lunar Exploration, Beidou Navigation and High-Resolution Earth Observation System; initiating a number of new major programs and projects such as heavy launch vehicle, Mars exploration, asteroid exploration, space vehicle in-orbit service and maintenance, and space-ground integrated information network; and actively conducting international exchanges and cooperation, thus making new contributions to peaceful use of outer space and benefiting mankind as a whole.

10. Northrop Grumman

From unmanned aerial vehicles to hazardous-duty robots, underwater minehunting systems and defense readiness targets, Northrop Grumman is a recognized leader in autonomous systems, helping customers meet a wide variety of missions across sea, air, land and space

  • Net Sales: $ 34 Billion

Aeronautical companies From fuselage parts to engine components, Northrop Grumman’s lightweight, high-strength composite materials are reducing the weight, improving the performance and lowering the lifecycle cost of commercial aircraft.

Northrop Grumman’s capabilities in electronic warfare systems span all domains – land, sea, air, space, cyberspace and the electromagnetic spectrum.

Since inception, Northrop Grumman has been a pioneer in the development of manned aircraft. From fighter jets and stealth bombers to surveillance and electronic warfare, The company has been providing manned solutions to customers worldwide since the 1930s.

So finally these are the list of top 10 largest aerospace companies in the world.