Top 10 Aerospace Parts Manufacturing Companies in 2023

The aerospace parts manufacturing industry refers to the industry that manufactures various parts and accessories used in space engineering fields such as aerospace vehicles, rockets, and satellites. The industry's history can be traced back to World War II when the development of the aviation industry rapidly spawned a number of aviation parts manufacturing enterprises. With the rise of the aerospace industry, these enterprises gradually transformed and upgraded, and began to get involved in the research and development and manufacturing of aerospace components.

In the 1960s, with the first successful landing of man on the moon, the aerospace parts manufacturing industry entered a whole new stage. Governments of various countries have begun to increase investment in aerospace technology, and enterprises have also increased research and development and production efforts, which has promoted the rapid development of the aerospace parts manufacturing industry.

With the continuous advancement of technology and the expansion of the market, the aerospace parts manufacturing industry is also constantly innovating and developing. The continuous emergence of new materials, new processes, and new technologies has promoted the rapid upgrading of the aerospace parts manufacturing industry. At present, the aerospace parts manufacturing industry has become one of the important supporting industries for national science and technology development and national defense security, with broad development prospects and important strategic significance.

Please read this list of the top 10 aerospace parts manufacturing companies.

1. Boeing:

• Founded: 1916
• Country: USA
• Number of Employees: 141,000 (as of 2020)
• Company Profile: Boeing is one of the world’s largest aerospace companies and one of the largest exporters in the USA. Boeing designs, manufactures and sells commercial airplanes, military aircraft, space systems, rockets, satellites, launch vehicles and more. Boeing also offers custom aerospace parts and solutions for various customers and applications, such as wings, fuselages, engines, avionics, landing gears and more. Boeing has a strong commitment to innovation and excellence, aiming to deliver the best products and services to its customers and partners.

2. Airbus:

• Founded: 1970
• Country: France
• Number of Employees: 134,071 (as of 2020)
• Company Profile: Airbus is a global leader in aeronautics, space and related services. Airbus offers the most comprehensive range of passenger airliners, from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide. Airbus also offers custom aerospace parts and solutions for various customers and applications, such as nacelles, wings, fuselages, landing gears, engines and more. Airbus has a strong commitment to innovation and sustainability, aiming to reduce its environmental footprint and create value for society.

3. GE Aviation:

• Founded: 1917
• Country: USA
• Number of Employees: 52,000 (as of 2020)
• Company Profile: GE Aviation is a world-leading provider of jet and turboprop engines, as well as integrated systems for commercial, military, business and general aviation aircraft. GE Aviation also offers custom aerospace parts and solutions for various customers and applications, such as engines, nacelles, avionics, landing gears and more. GE Aviation has a strong commitment to innovation and sustainability, aiming to reduce its environmental footprint and create value for society. GE Aviation invests more than $1 billion a year in research and development, positioning the company to lead advancements in propulsion, combustion, materials and additive manufacturing.

4. Rolls-Royce:

• Founded: 1906
• Country: UK
• Number of Employees: 48,000 (as of 2020)
• Company Profile: Rolls-Royce is a global leader in delivering complex power solutions for safety-critical applications in the air, at sea and on land. Rolls-Royce designs manufactures and sells jet engines, turboprop engines, marine propulsion systems, nuclear power systems, hybrid power systems and more. Rolls-Royce also offers custom aerospace parts and solutions for various customers and applications, such as fan blades, compressors, turbines, nacelles, gearboxes and more. Rolls-Royce has a strong commitment to innovation and sustainability, aiming to reduce its environmental footprint and create value for society. Rolls-Royce invests more than £1 billion a year in research and development, positioning the company to lead advancements in propulsion, combustion, materials and additive manufacturing.

5. United Technologies:

• Founded: 1934 (as United Aircraft Corporation), 1975 (as United Technologies Corporation)
• Country: USA
• Number of Employees: 243,200 (as of 2019)
• Company Profile: United Technologies Corporation (UTC) was a global leader in aerospace and building technologies, providing innovative solutions for customers in the commercial, defense, civil and industrial sectors. UTC operated through four segments: Collins Aerospace Systems, Pratt & Whitney, Carrier and Otis. UTC also offered custom aerospace parts and solutions for various customers and applications, such as engines, avionics, landing systems, sensors, fire and security systems, elevators and escalators and more. UTC had a strong commitment to innovation and sustainability, aiming to reduce its environmental footprint and create value for society. UTC invested more than $4 billion a year in research and development, positioning the company to lead advancements in technology and innovation to support the world’s most challenging missions. In April 2020, UTC merged with Raytheon Company to form Raytheon Technologies Corporation, a new aerospace and defense giant. UTC also spun off its Carrier and Otis businesses as independent companies.

6. Honeywell Aerospace:

• Founded: 1936
• Country: USA
• Number of Employees: 36,000 (as of 2020)
• Company Profile: Honeywell Aerospace is a manufacturer of aircraft engines and avionics, as well as a producer of auxiliary power units (APUs) and other aviation products. Honeywell Aerospace also offers custom aerospace parts and solutions for various customers and applications, such as air turbine starters, environmental control systems, flight management systems, sensors, radars and more. Honeywell Aerospace has a strong commitment to innovation and excellence, aiming to deliver the best products and services to its customers and partners. Honeywell Aerospace invests more than $1 billion a year in research and development, positioning the company to lead advancements in connectivity, efficiency, safety and sustainability.

7. Lockheed Martin Aeronautics:

• Founded: 1995 (merger of Lockheed Corporation and Martin Marietta)
• Country: USA
• Number of Employees: 114,000 (as of 2020)
• Company Profile: Lockheed Martin is a global leader in security and aerospace, providing innovative solutions for customers in the defense, intelligence, civil and commercial sectors. Lockheed Martin designs, manufactures and sells aircraft, helicopters, missiles, rockets, satellites, radars, sensors, cyber systems and more. Lockheed Martin also offers custom aerospace parts and solutions for various customers and applications, such as avionics, propulsion, navigation, communication and more. Lockheed Martin has a strong commitment to innovation and excellence, aiming to deliver the best products and services to its customers and partners. Lockheed Martin invests more than $5 billion a year in research and development, positioning the company to lead advancements in technology and innovation to support the world’s most challenging missions.

8. Northrop Grumman:

• Founded: 1994 (merger of Northrop Corporation and Grumman Corporation)
• Country: USA
• Number of Employees: 97,000 (as of 2020)
• Company Profile: Northrop Grumman is a global leader in aerospace, defense and security, providing innovative solutions for customers in the air, space, cyber, land and sea domains. Northrop Grumman designs, manufactures and sells aircraft, spacecraft, missiles, radars, sensors, cyber systems and more. Northrop Grumman also offers custom aerospace parts and solutions for various customers and applications, such as avionics, propulsion, navigation, communication and more. Northrop Grumman has a strong commitment to innovation and excellence, aiming to deliver the best products and services to its customers and partners. Northrop Grumman invests more than $3 billion a year in research and development, positioning the company to lead advancements in technology and innovation to support the world’s most challenging missions.

9. Raytheon Technologies:

• Founded: 2020 (merger of Raytheon Company and United Technologies Corporation)
• Country: USA
• Number of Employees: 181,000 (as of 2020)
• Company Profile: Raytheon Technologies Corporation is a global leader in aerospace and defense, providing innovative solutions for customers in the commercial, military, civil and space sectors. Raytheon Technologies operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. Raytheon Technologies also offers custom aerospace parts and solutions for various customers and applications, such as engines, avionics, radars, sensors, missiles, rockets, satellites and more. Raytheon Technologies has a strong commitment to innovation and sustainability, aiming to reduce its environmental footprint and create value for society. Raytheon Technologies invests more than $8 billion a year in research and development, positioning the company to lead advancements in technology and innovation to support the world’s most challenging missions.

10. BAE Systems:

• Founded: 1999 (merger of British Aerospace and Marconi Electronic Systems)
• Country: UK
• Number of Employees: 87,800 (as of 2020)
• Company Profile: BAE Systems is a global leader in defense, aerospace and security, providing innovative solutions for customers in the military, civil and commercial sectors. BAE Systems designs, manufactures and sells aircraft, helicopters, missiles, radars, sensors, cyber systems, submarines, ships, vehicles and more. BAE Systems also offers custom aerospace parts and solutions for various customers and applications, such as avionics, propulsion, navigation, communication and more. BAE Systems has a strong commitment to innovation and sustainability, aiming to reduce its environmental footprint and create value for society. BAE Systems invests more than £1.3 billion a year in research and development, positioning the company to lead advancements in technology and innovation to support the world’s most challenging missions.

Conclusion

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