Top 10 Leading Aerospace Companies

Leading Aerospace Companies

Aerospace is a high-technology industry. An aerospace company involves various aspects of designing, building, testing, selling, and maintaining aircraft, aircraft parts, missiles, rockets, or spacecraft.

List of Top 10 Leading Aerospace Companies

Below is the list of the world’s top 10 leading aerospace companies.

1. Airbus

Airbus is a commercial aircraft manufacturer with Space, Defence, and Helicopters Divisions. It is the largest European aeronautics and space company and a worldwide leader.

Airbus has built on its strong European heritage to become international, with around 180 locations and 12,000 direct global suppliers. It is one of the largest aerospace companies in the world. It is also a shareholder of the missile systems provider MBDA and a major partner in the Eurofighter consortium.

2. Raytheon Technologies

Raytheon Technologies is a global provider of high-technology products and services to the building systems and aerospace industries. The company is the second-largest aerospace company in the world.

On 9th June 2019, UTC entered into a merger agreement with Raytheon Company (Raytheon), providing for an all-stock merger of equals transaction.

3. Boeing Aerospace Company

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

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

Boeing is organized into three business units: Commercial Airplanes, Defense, Space & Security, and Boeing Global Services, which began operations on 1st July 2017. 

4. China North Industries Group

China North Industries Corporation (NORINCO) is the largest enterprise group engaged in product and capital operation, integrated with R&D, marketing, and services.

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

NORINCO has been ranked 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 clients’ trust for its high-quality products and excellent services. It is keen on domestic and overseas petroleum & mineral enterprises in resource prospecting, exploitation, and trading and energetically promotes business industrialization.

NORINCO has established a global operation and information network and formed a worldwide-divers NORINCO that will continuously promote product innovations, make technology & service improvements and share the achievements of development.

5. Aviation Industry Corporation of China

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

It is centered on aviation and provides complete services to customers in many sectors, from research and development to operation, manufacturing, and financing.

The business units of the company cover defense, transport aircraft, helicopters, avionics and systems, general aviation, research and development, flight testing, trade and logistics, assets management, finance services, engineering and construction, automobiles, etc.

AVIC has built strong productivity and core competencies in manufacturing and high-tech industries. It integrates aviation science and technology into automobile components and parts, LCD, PCB, EO connectors, Lithium power batteries, intelligent devices, etc.

6. Lockheed Martin

Lockheed Martin is a global security aerospace company and is mainly engaged in the research, design, development, manufacture, integration, sustainment of advanced technology systems, products, and services. It is headquartered in Bethesda, Maryland.

The company’s operations include 375+ facilities and 16,000 active suppliers, including suppliers in every state of the US and more than 1,000 suppliers in over 50 countries outside the US.

7. General Dynamics

General Dynamics has a balanced business model that allows each business unit to stay agile and maintain an intimate understanding of customer requirements. It is one of the top aerospace companies.

General Dynamics is organized into five business groups: Aerospace Companies, Combat Systems, Information Technology, Mission Systems, and Marine Systems.

The portfolio of the company spans the realm of the most technologically advanced business jets in the world, wheeled combat vehicles, command and control systems, and nuclear submarines. Each business unit is responsible for executing its strategy and operational performance.

8. China Aerospace Science & Industry

China Aerospace Science and Industry Corporation Limited (CASIC) is a large state-owned hi-tech military company under the direct administration of the central government of China. It is 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 the space industry of China and a leader in developing China’s industrial informatization.

CASIC owns 19 national key laboratories, 28 science & technology innovation platforms, owns 22 subsidiary units and, holds shares of 9 listed companies, and is 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: air defense, sea defense, ground strike, unmanned combat, and information & electronic countermeasures.

Its high-end equipment, represented by HQ-9BE, YJ-12E, C802A, BP-12A, and QW, has become a star product 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.

9. China Aerospace Companies Science & Technology

CASC, one of the Fortune Global 500 firms, is a large state-owned enterprise group with 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 historical 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 1st July 1999.

CASC is primarily engaged in the research, design, manufacture, test, and launch of space products such as launch vehicles, satellites, manned spaceships, cargo spaceships, deep space explorers, and space stations, as well as strategic and tactical missile systems.

CASC greatly develops space services such as satellite and its ground operation, international space commercial services, space financial investment, software, and information services.

Currently, CASC is the only broadcast and communications satellite operator in China. It is also 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 national economic and social development, national defense modernization, and scientific and technical progress. CASC is dedicating itself to building China into a space power, continuously carrying out major national scientific and technical programs.

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 the sea, air, land, and space.

From fuselage parts to engine components, Northrop Grumman’s lightweight, high-strength composite materials reduce the weight, improve the performance, and lower the lifecycle cost of commercial aircraft.

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

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

Leave a Reply

Your email address will not be published. Required fields are marked *