Anaerospace manufacturer is acompany or individual involved in the various aspects ofdesigning, building, testing, selling, and maintainingaircraft,aircraft parts,missiles,rockets, orspacecraft.Aerospace is ahigh technology industry.

Theaircraft industry is theindustry supportingaviation by buildingaircraft and manufacturingaircraft parts for theirmaintenance. This includes aircraft and parts used forcivil aviation andmilitary aviation. Most production is done pursuant totype certificates andDefense Standards issued by a government body. This term has been largely subsumed by the more encompassing term: "aerospace industry".

In 2015 the aircraft production was worth US$180.3 billion: 61%airliners, 14% business andgeneral aviation, 12%military aircraft, 10% militaryrotary wing and 3% civil rotary wing; while theirMRO was worth $135.1 Bn or $315.4 Bn combined.^[1]

The global aerospace industry was worth $838.5 billion in 2017: aircraft & engineOEMs represented 28% ($235 Bn), civil & military MRO & upgrades 27% ($226 Bn), aircraft systems & component manufacturing 26% ($218 Bn),satellites & space 7% ($59 Bn),missiles &UAVs 5% ($42 Bn) and other activity, includingflight simulators, defense electronics, public research accounted for 7% ($59 Bn).^[2]The Top 10 countries with the largest industrial bases in 2017 were theUnited States with $408.4 billion (representing 49% of the whole), followed byFrance with $69 billion (8.2%), thenChina with $61.2 billion (7.3%), theUnited Kingdom with $48.8 billion (5.8%),Germany with $46.2 billion (5.5%),Russia with $27.1 billion (3.2%),Canada with $24 billion (2.9%),Japan with $21 billion (2.5%),Spain with $14 billion (1.7%) andIndia with $11 billion (1.3%). These ten countries represent $731 billion or 87.2% of the whole industry.^[2]

In 2018, the new commercial aircraft value is projected for $270.4 billion whilebusiness aircraft will amount for $18 billion and civil helicopters for $4 billion.^[3]

By Revenue ($ billion)

Company	2022[4]	2019[5]	2018[6]	2017[7]	2016[8]	2015[9]	2014[10]	Country
RTX Corporation	67.1							United States
Airbus[a]	66.6	76.6	101.0	93.4	94.6	96.1	90.8	FranceGermanyUnited KingdomSpain /Europe
Lockheed Martin	66.0	59.8	53.8	51.0	47.2	40.5	45.6	United States
Boeing[a]	61.8	78.9	75.1	72.3	70.8	68.8	80.6	United States
Northrop Grumman	36.6	33.8	30.1	25.8	24.5	23.5	24.0	United States
Rostec	30.0							Russia
BAE Systems	27.0	22.8	12.8	13.4	13.4	13.9	13.7	United Kingdom United States
GE Aerospace	26.1		30.6	27.4	26.3	24.7	24.0	United States
Safran	20.0		25.2	17.9	16.8	16.6	18.3	France
Rolls-Royce Holdings	17.2		15.0	12.7	12.0	13.2	14.7	United Kingdom
L3Harris	17.1							United States
Leonardo (Finmeccanica)	15.5		14.4	12.5	12.8	13.9	17.2	Italy United Kingdom
United Technologies[b]		46.9	36.0	30.9	29.0	33.1	36.2	United States
Raytheon Company[b]			27.1	25.3	24.1	23.2	22.8	United States

By Operating profit ($ billion)

Company	2022[4]	2019[5]	2018[6]	2017[7]	2016[8]	2015[9]	2014[10]	Country
Lockheed Martin	8.35	8.55	7.33	5.90	5.55	4.71	5.59	United States
Airbus[a]	5.60	1.5	5.95	3.70	2.40	4.34	4.50	FranceGermanyUnited KingdomSpain /Europe
RTX Corporation	5.41							United States
GE Aerospace	4.78		6.47	6.64	6.12	5.51	5.00	United States
Northrop Grumman	3.60	3.97	3.78	3.30	3.19	3.08	3.20	United States
Rostec	3.18							Russia
Safran	2.06		3.43	2.58	2.54	1.71	2.74	France
L3Harris	1.27							United States
Leonardo (Finmeccanica)	0.87		0.59	0.90	1.05	0.94	0.72	ItalyUnited Kingdom
Boeing[a]	-3.55	-1.98	12.00	10.30	4.90	5.18	7.47	United States
BAE Systems		-	-	-	-	-	-	United Kingdom United States
Rolls-Royce Holdings			0.44	1.11	0.98	1.77	2.15	United Kingdom
United Technologies[b]		5.77	3.57	3.83	3.84	3.00	4.57	United States
Raytheon Company[b]			4.54	3.32	3.24	3.01	3.18	United States

In September 2018,PwC ranked aerospace manufacturing attractiveness: the most attractive country was theUnited States, with $240 billion in sales in 2017, due to the size of its industry (#1), an educatedworkforce (#1), lowgeopolitical risk (#4, #1 isJapan), strongtransportation infrastructure (#5, #1 isHong Kong), a healthyeconomy (#10, #1 isChina), but highcosts (#7, #1 isDenmark) and averagetax policy (#36, #1 isQatar).Following wereCanada,Singapore,Switzerland and theUnited Kingdom.^[12]

Within the US, the most attractive wasWashington state, due to the best Industry (#1), leading Infrastructure (#4,New Jersey is #1) and Economy (#4,Texas is #1), good labor (#9,Massachusetts is #1), average tax policy (#17,Alaska is #1) but is costly (#33,Montana is #1).Washington is tied toBoeing Commercial Airplanes, earning $10.3 billion, is home to 1,400 aerospace-related businesses, and has the highest aerospace jobs concentration.Following are Texas,Georgia,Arizona andColorado.^[12]

In the US, theDepartment of Defense andNASA are the two biggest consumers of aerospace technology and products.^{[citation needed]} The Bureau of Labor Statistics of the United States reported that the aerospace industry employed 444,000 wage and salary jobs in 2004, many of which were in Washington and California,^{[citation needed]} this marked a steep decline from the peak years during theReagan Administration when total employment exceeded 1,000,000 aerospace industry workers.^[13]

This sectionneeds additional citations forverification. Please helpimprove this article byadding citations to reliable sources in this section. Unsourced material may be challenged and removed. Find sources: "Aerospace manufacturer" – news ·newspapers ·books ·scholar ·JSTOR(January 2023) (Learn how and when to remove this message)

During that period of recovery a special program to restore U.S. competitiveness across all U.S. industries,Project Socrates, contributed to employment growth as the U.S. aerospace industry captured 72 percent of world aerospace market. By 1999 U.S. share of the world market fell to 52 percent.

In theEuropean Union, aerospace companies such asAirbus,Safran,BAE Systems,Thales,Dassault,Saab AB,Terma A/S,Patria Plc andLeonardo are participants in the global aerospace industry and research effort.

InRussia, large aerospace companies likeOboronprom and theUnited Aircraft Corporation (encompassingMikoyan,Sukhoi,Ilyushin,Tupolev,Yakovlev, andIrkut, which includesBeriev) are among the major global players in this industry.

Important locations of the civil aerospace industry worldwide includeSeattle,Wichita, Kansas,Dayton, Ohio andSt. Louis in the United States (Boeing),Montreal andToronto in Canada (Bombardier,Pratt & Whitney Canada),Toulouse andBordeaux in France (Airbus,Dassault,ATR),Seville in Spain andHamburg in Germany (Airbus), the North-West of England andBristol in Britain (Airbus andAgustaWestland),Komsomolsk-on-Amur andIrkutsk in Russia (Sukhoi,Beriev),Kyiv andKharkiv in Ukraine (Antonov),Nagoya in Japan (Mitsubishi Heavy Industries Aerospace andKawasaki Heavy Industries Aerospace), as well asSão José dos Campos in Brazil whereEmbraer is based.^{[citation needed]}

Several consolidations took place in the aerospace and defense industries over the last few decades.

Airbus prominently illustrated the European airliner manufacturing consolidation in the late 1960s.^[14]

Between 1988 and 2010, more than 5,452mergers and acquisitions with a total known-value of US$579 billion were announced worldwide.^[15]

In 1993, thenUnited States Secretary of DefenseLes Aspin and his deputyWilliam J. Perry held the "Last Supper" atthe Pentagon with contractors executives who were told that there were twice as many military suppliers as he wanted to see: $55 billion in military–industry mergers took place from 1992 to 1997, leaving mainlyBoeing,Lockheed Martin,Northrop Grumman andRaytheon.^[16]Boeing boughtMcDonnell Douglas for US$13.3 billion in 1996.^[17]Raytheon acquiredHughes Aircraft Company for $9.5 billion in 1997.^[18]

BAE Systems is the successor company to numerous British aircraft manufacturers which merged throughout the second half of the 20th century. Many of these mergers followed the1957 Defence White Paper.^{[citation needed]}Marconi Electronic Systems, a subsidiary of theGeneral Electric Company, was acquired byBritish Aerospace for US$12.3 billion in 1999 merger,^[19] to formBAE Systems.

In 2002, whenFairchild Dornier wasbankrupt, Airbus, Boeing or Bombardier declined to take the728JET/928JET largeregional jet program asmainline and regional aircraft manufacturers were split and Airbus was digesting its ill-fatedFokker acquisition a decade earlier.^[14]

On September 4, 2017,United Technologies acquiredRockwell Collins in cash and stock for $23 billion, $30 billion including Rockwell Collins' net debt, for $500+ million of synergies expected by year four.^[20]

The Oct. 16, 2017 announcement of theCSeries partnership betweenAirbus andBombardier Aerospace could trigger a daisy chain of reactions towards a new order. Airbus gets a new, efficient model at the lower end of thenarrowbody market which provides the bulk ofairliner profits and can abandon the slow sellingA319 while Bombardier benefits from the growth in this expanded market even if it holds a smaller residual stake.Boeing could forge a similar alliance with eitherEmbraer with itsE-jet E2 orMitsubishi Heavy Industries and itsMRJ.^[22]

On 21 December, Boeing and Embraer confirmed to be discussing a potential combination with a transaction subject to Brazilian government regulators, the companies' boards and shareholders approvals.^[23]The weight ofAirbus and Boeing could help E2 and CSeries sales but the 100-150 seats market seems slow.^[24]As the CSeries, renamed A220, and E-jet E2 are more capable than their predecessors, they moved closer to the lower end of thenarrowbodies.In 2018, the four Western airframers combined into two within nine months as Boeing acquired 80% of Embraer's airliners for $3.8 billion on July 5.^[14]

On April 3, 2020,Raytheon andUnited Technologies Corporation (exceptOtis Worldwide, leavingRockwell Collins and engine makerPratt and Whitney) merged to formRaytheon Technologies Corporation, with combined sales of $79 billion in 2019.^[25]

The most prominent unions between 1995 and 2020 include those of Boeing and McDonnell Douglas; the French, German and Spanish parts of EADS; and United Technologies with Rockwell Collins then Raytheon, but many mergers projects did not went through: Textron-Bombardier, EADS-BAE Systems, Hawker Beechcraft-Superior Aviation, GE-Honeywell, BAE Systems-Boeing (or Lockheed Martin), Dassault-Aerospatiale, Safran-Thales, BAE Systems-Rolls-Royce or Lockheed Martin–Northrop Grumman.^[26]

The largest aerospace suppliers areUnited Technologies with $28.2 billion of revenue, followed byGE Aerospace with $24.7 billion,Safran with $22.5 billion,Rolls-Royce Holdings with $16.9 billion,Honeywell Aerospace with $15.2 billion andRockwell Collins includingB/E Aerospace with $8.1 billion.^[27]Electric aircraft development could generate large changes for the aerospace suppliers.^[28]

On 26 November 2018, United Technologies announced the completion of its Rockwell Collins acquisition, renaming systems supplier UTC Aerospace Systems asCollins Aerospace, for $23 billion of sales in 2017 and 70,000 employees, and $39.0 billion of sales in 2017 combined with engine manufacturerPratt & Whitney.^[29]

Before the 1980s/1990s, aircraft and aeroengine manufacturers werevertically integrated.ThenDouglas aircraft outsourced largeaerostructures and theBombardier Global Express pioneered the "Tier 1"supply chain model inspired byautomotive industry, with 10-12 risk-sharinglimited partners funding around half of the development costs.TheEmbraer E-Jet followed in the late 1990s with fewer than 40 primary suppliers. Tier 1 suppliers were led byHoneywell,Safran,Goodrich Corporation andHamilton Sundstrand.^[30]

In the 2000s, Rolls-Royce reduced its supplier count after bringing in automotive supply chain executives.On theAirbus A380, less than 100 major suppliers outsource 60% of its value, even 80% on theA350.Boeing embraced an aggressive Tier 1 model for the787 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 2011Partnering for Success initiative, asAirbus initiated its ownScope+ initiative for theA320.Tier 1 consolidation also affects engine manufacturers :GE Aerospace acquiredAvio in 2013 andRolls-Royce took control ofITP Aero.^[30]

• "U.S. Aerospace Industries Association".
• "Aerospace, Defense & Government Services – Mergers & Acquisitions (January 1993 - December 2016)"(PDF). Grundman Advisory. 6 Apr 2017.
• Jens Flottau (Feb 22, 2018)."Opinion: Airframers Should Watch Where They Squeeze Suppliers".Aviation Week & Space Technology.
• Aerospace Craft & Structural Components

• Aerospace engineering
• Aerospace companies
• Aircraft industry
• Aerospace

• Articles with short description
• Short description matches Wikidata
• All articles with unsourced statements
• Articles with unsourced statements from January 2009
• Articles needing additional references from January 2023
• All articles needing additional references
• Articles with unsourced statements from January 2023
• Articles with unsourced statements from February 2021