2017 RANKING & REVIEWS
TOP RANKING BEST AEROSPACE COMPANIES
2017 Guide & Ranking: The Top Aerospace Companies in the USA Can Take You to Another Land – or Galaxy
The top ten aerospace companies have a combined market share of $433 billion. Even more impressively, just three American aerospace companies make up over half of that amount.
Beyond what revenues and profits these aerospace manufacturing companies generate is the actual work that they complete on a daily basis. The top aerospace manufacturing and engineering companies are responsible for reaching new galaxies, developing next-generation aircrafts for personal, business, and military use. They also are tasked with generating advanced technology solutions for space, defense, and national security issues.
So, which companies in the aerospace industry are the best? What makes them the best? What sets our list of aerospace companies above the rest?
Though revenue is part of it, these impressive American aerospace companies also make our list of aerospace companies based on the remarkable work that they do and the impact that they have on the aerospace industry and America as a whole.
Award Emblem: Top 6 Best Aerospace Companies
When you are looking through lists of aerospace manufacturing and engineering companies, chances are that you have questions, including:
- Do American aerospace companies have operations in other countries?
- Are aerospace engineering companies involved in national security measures?
- What are the largest aerospace companies?
- Does aerospace manufacturing have an impact on the economy?
Throughout this 2017 guide, we will answer your questions about the aerospace industry. We will explain what aerospace companies do, what the largest aerospace companies are, and how the industry outlook is progressing. Finally, we will provide a detailed review of the six top aerospace companies.
AdvisoryHQ’s List of Top 6 Best Aerospace Companies
List is sorted alphabetically (click any of the aerospace companies below to go directly to the detailed review section for that aerospace company):
- General Dynamics Corporation
- Honeywell International, Inc.
- Lockheed Martin
- United Technologies
Top 6 Best Aerospace Companies in USA | Brief Comparison & Ranking
Aerospace Companies in the USA
General Dynamics Corporation
Honeywell International, Inc.
Table: Top 6 Best Top Aerospace Companies | Above list is sorted alphabetically
Detailed Overview: What Aerospace Companies Do
As you read about each aerospace company on our list, chances are that you might begin wondering what aerospace companies in the USA even do.
The industry is complicated and often very secretive in nature. When it comes to matters of national security and defense technology, it’s obvious that confidentiality is invoked on projects. That being said, we still have a general idea of what the best aerospace companies are working on.
One of the main things that aerospace engineering companies work on is commercial aircrafts and general aviation. This includes the design and manufacturing of airplanes, helicopters, and their components. Some aerospace manufacturing companies also work on military aircrafts, such as the Lockheed Martin F-16 Falcon, the Boeing F-15 Eagle jet fighter, and Northrop Grumman’s B-2 stealth bomber.
The largest aerospace companies also work on electronics, communications, and satellites. As the world becomes more technologically intertwined, it’s important that communication tactics are able to keep up. The top aerospace companies also work with radar, sonar, avionics, and even missile guiding systems.
As you can see, the best aerospace companies in the United States are not only responsible for improving commercial airliners, but they also work to secure our nation’s borders and ensure that our military planes can keep up with our enemies.
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Detailed Overview: What Jobs Do Aerospace Engineering Companies Offer?
If the work listed in the section above seems appealing, then you may be wondering what types of jobs a typical aerospace company offers.
Image Source: Pixabay
When it comes to the best aerospace companies, engineers of all sorts are in high demand. In fact, there are many types of aerospace engineering positions, including:
- Design Engineer: This engineer is responsible for designing, developing, testing, and implementing everything from small components to entire aircraft. You will generally spend a lot of time computer modeling and be tasked with designing smaller portions of which the whole system is comprised.
- Avionics Engineer: These engineers design navigational systems that are used in aircraft. Generally, you will need an electrical engineering and avionics degree to snag one of these jobs.
- Environmental Engineer: With the increased focus on environmental impact, this is a hot position for most aerospace companies in the USA. These engineers design things such as noise-abatement systems as well as systems that dispose of waste resulting from manufacturing.
- Software Engineer: These engineers will write and test the software that is used in navigation and guidance systems for missiles, satellites, ships, and planes.
- Manufacturing Engineer: These people are tasked with designing the processes that will be used to manufacture aerospace industry products.
Other positions in the top aerospace companies beyond engineering include purchasing managers, market analyst, researcher, technical support, instructors, and management. If you are interested in aerospace, consider applying at any of the companies on our list of aerospace companies.
AdvisoryHQ’s Selection Methodology
What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists?
Please click here “AdvisoryHQ’s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top-rated credit cards, financial accounts, firms, products, and services.
Detailed Review – Top Ranking Best Aerospace Companies in the USA
Below, please find the detailed review of each aerospace industry company on our list of aerospace companies. We have highlighted some of the factors that allowed these aerospace manufacturing companies to score so highly in our selection ranking.
Airbus boasted over $70.1 billion in revenues last year. This makes it one of the top aerospace companies in the United States. Though the massive company is based in the Netherlands, Airbus Group has a United States headquarters in Virginia and manufactures aircraft in the USA.
Airbus is perhaps the most famous for its passenger aircrafts, cargo aircrafts, and corporate jets. For passenger aircrafts, they designed and manufacture the A320 Family, A330 Family, A350 XWB, and A380 aircraft.
The company offers 24/7 support to their customers, which is another reason it makes our list of best aerospace companies. With hundreds of technical specialists available around the clock, Airbus is always supporting customers.
Airbus is not just an aerospace company, but also a defense company. Though only 18% of their revenue comes from defense contracts, they are tasked with some military projects. As one of the best aerospace companies, Airbus specializes in special mission aircrafts and military transport aircrafts for the defense sector.
The company also prides itself on diversity. With a team of 5,000 employees from 50 different nationalities, Airbus has quite the team.
As far as aerospace companies in the USA go, Airbus is one of the best. Although not based in the United States, they still have a large American impact.
With over $96.1 billion in revenue for 2015, Boeing is one of the largest aerospace companies when it comes to revenue alone. However, they are also one of the best aerospace companies for reasons beyond their fiscal success.
The Chicago, Illinois-based company is involved in technology for space, defense, and national security issues. They are the leading manufacturer of commercial jetliners and defense systems. Currently, Boeing is working to develop 787-10 and 737 MAX airliners.
Image Source: Pixabay
Boeing has a large global impact worldwide as they offer airliners to customers in over 150 countries. They also have offices in Asia, Europe, Middle East, Oceania, Latin America, and of course, throughout North America. Just a quick glance at their global operations lends credit to the fact that Boeing is one of the best aerospace companies.
Overall, Boeing specializes in designing, developing, and manufacturing select defense systems and military platforms. They develop attack aircrafts, missiles, and helicopters for the defense sector.
The future is looking bright for Boeing as well. The company received a $325 million order from the United States Airforce in April of 2016. The aerospace company also received a $505 million order from Pegasus Airlines for five 737-800 aircrafts. These are just a few substantial orders that make Boeing appear to be primed to keep its listing as one of the top aerospace companies.
General Dynamics Corporation Review
General Dynamics Corporation is a global aerospace company that is headquartered in Falls Church, Virginia. They employ thousands of employees across 43 different countries.
With $31.5 billion in revenues, General Dynamics Corporation is one of the top aerospace companies in the USA. In fact, over 60% of their revenue comes from military contracts. They build combat vehicles, communication technology systems, weapons systems, ships, and munitions.
General Dynamics Corporation is also a big player in the business aviation sector. Their aerospace business is divided into two business units, Gulfstream and Jet Aviation. The Gulfstream unit offers the G 150, G 280, G 450, G 550, G 500, G 600, G 650, and G 650ER aircrafts.
Honeywell International, Inc. Review
Honeywell International is a massive company that has an impressive Aerospace & Defense segment. They sell consumer and commercial products, including transportation systems, avionics, engine systems, environmental control systems, surveillance, and radar systems.
With $38.6 billion in revenues, it easily makes the list of top aerospace companies. It is important to note that just under $5 billion came from the defense side of the business.
The company is working tirelessly to develop more environmentally-friendly and fuel-efficient aircraft. By improving engines, cockpits, wireless connectivity equipment, cabin electronics, and logistics, Honeywell International strives to create safer, more direct flights. This makes them one of the best aerospace companies in the United States.
Based in New Jersey, Honeywell International, Inc. is one of the top aerospace companies. By working to improve commercial airlines, they are creating a better flying environment for everyone.
Lockheed Martin Review
With over $46.1 billion in revenues, Lockheed Martin is one of the aerospace companies in the USA that are making a big impact.
Headquartered in Maryland, Lockheed Martin is the largest defense contractor (in terms of revenue) with over 80% of the revenue coming from those contracts.
Their Aerospace & Defense segment lists many different products, including:
- Cyber Solutions
- Directed Energy
- Logistics & Sustainment
- Missiles & Guided Weapons
- Missile Defense
- Maritime Systems
- Radars & Sensors
- Sensors & Situational Awareness
- Unmanned Systems
With the litany of products offers, it is easy to see that Lockheed Martin is one of the best aerospace companies.
United Technologies Review
United Technologies generated over $56 billion in revenues, which helps it make our list of top aerospace companies in the United States. With 25% of their revenues coming from Aerospace, the majority of this comes from their UTC Aerospace Systems.
The UTC Aerospace Systems provides systems and components for aircrafts. United Technologies is one of the largest providers of advanced defense and aerospace products for military, business, and international customers.
The aerospace company has a vast global impact. They operate in over 26 countries, through the 160 locations. With over 40,000 employees, United Technologies also has a vast impact on the economy.
When it comes to top aerospace companies, United Technologies is one of the best. Based in Connecticut, their revenues alone make them one of the best aerospace companies in the USA.
Conclusion – Top 6 Best Aerospace Companies in the USA
Aerospace companies are tasked with developing spacecraft and aircraft for commercial use, as well as military aircraft, missiles, satellites, and more.
The top aerospace companies have a huge impact on the aerospace industry as a whole, as well as the United States’ national security. From improving military aircraft and missile systems to developing enhanced technology to promote better communication, the best aerospace companies continually make an impact on the world that we live in.
Since 2008, the aerospace industry had been in a decline, but as threats grow, defense contracts are beginning to increase. Aerospace companies in the USA are important to our safety.
Low oil prices are also fueling aerospace companies in the USA. By generating more revenue in the commercial airline industry, the industry is able to conduct more research and gear up for more advanced aircraft.
As motives and focuses shift, one thing remains very clear. The top aerospace companies in the United States are working to secure our borders, improve national security, and make air travel safer and more efficient.
AdvisoryHQ (AHQ) Disclaimer: Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info. Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.