Masters of the sky: the top 10 aerospace companies
The world’s top 10 aerospace companies hold a market share worth $433bn, with just Boeing, Airbus and United Technologies Corporation (UTC) earning over half of this amount. Aerospace-technology.com lists the top ten aerospace and defence companies based on 2015 revenues.
The Boeing Company - $96.1bn
The Boeing Company (Boeing) is a leading manufacturer of commercial jetliners and defence, space and security systems. It specialises in designing, developing and manufacturing integrated military platforms and defence systems, and advanced technology solutions. The company supplies its products to airlines and US-allied government customers in 150 countries.
Headquartered in Chicago, Boeing has operations in North America, Asia, Europe, the Middle East, Latin America and Oceania. Its key business segments include Commercial Airplanes (CA), Boeing Military Aircraft (BMA), Network and Space Systems (N and SS), Global Services and Support (GS and S), Defense, Space and Security (BDS), and Boeing Capital.
Boeing's products and services involve commercial aircraft, weapons, satellites, electronic and defence systems, launch systems, advanced information and communication systems, and performance-based logistics and training. Its defence product portfolio includes attack aircraft, helicopters and missiles.
The company's CA segment makes commercial jet aircraft and spare parts. It also provides aircraft modifications, aviation services support, training, maintenance documents and technical advice to the commercial airline industry and government customers across the globe. It is currently developing 787-10 and 737 MAX derivatives.
The BDS segment researches, develops and produces weapons, combat rotorcraft systems, and unmanned systems. BMA, N and SS and GS and S all fall under the BDS banner.
The BMA business researches, develops, produces and modifies manned and unmanned military weapon systems. The N and SS segment does the same and also deals with network integration, surveillance systems, communications and space exploration.
The GS and S segment focuses on military platforms and operations and provides maintenance, training, upgrades and logistical support. Financing solutions to Commercial Airplanes customers are also provided for by the BCC segment.
Boeing reported revenue of $96.1bn in 2015, recording a 6% increase from 2014. Its operating margin was 7.7%, compared to 8.2% in 2014. The company recorded a net margin of 5.4%, versus 6% in 2014.
Revenue generated from Commercial Airplanes rose by 10% ($6.05bn).The BDS business unit reported a 2% decline in revenue from the previous year. Revenue alsodecreased by $18m in the Boeing Military Aircraft division, and $252m in N and SS. GS and S's revenue increased by $96m, while BCC's performancewas consistent with 2014.
The key competitors of Boeing are General Dynamics Corporation, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Airbus S.A.S., BAE Systems plc, and Bombardier Inc.
Boeing received a $325m order in April 2016 from the US Air Force for the delivery of 15,000 Joint Direct Attack Munitions tail kits to give precision-guidance capabilities to gravity weapons.
Boeing received an order in March 2016 for five Next-Generation 737-800 airplanes, valued at about $505m, from Pegasus Airlines, a leading Turkey-based low-cost carrier.
Boeing secured an $897m major modification contract from the U.S. Army to revamp and deliver Chinook military airlift helicopters in March 2016.
Boeing launched the 12th Boeing-built satellite along with the U.S. Air Force and completed the GPS IIF constellation in February 2016.
Brett Gerry was appointed as the president of Boeing Japan, effective April 1.
In January 2016 Boeing secured a $2.5bn contract from the U.S. Navy and Royal Australian Air Force (RAAF) for 20 more P-8A Poseidon aircraft, 16 of which will be for the U.S. Navy and remaining four for the RAAF.
In September 2015 Boeing acquired United Launch Alliance for $2bn in a 50-50 joint venture with Lockheed Martin Corporation.