Clearly, these jets are highly customizable for the business, private, or governmental sectors, with good records for reliability. This is a list of the top 10 private aircraft manufacturers, including business and corporate jets. Protolabsis a custom manufacturing company that provides contract services for the government, aerospace, automation, agricultural, chemical, medical, military, textile, and transportation industries, among others. Its line of services and capabilities includes engineering, finishing, post-processing, heat treatment, scanning, and much more.

However, the company now primarily focuses on building business/private jets, making them a unique company in comparison to their peers who mainly focus on military or commercial aircraft design. In the 2020 financial year, GE Aviation made a revenue of $22.04 billion USD. General Electric Aviation do not make their own aircraft, however, they do supply engines, computers, and much more to the big aircraft manufacturers. It has approximately 180,000 employees, one of the highest among any of the aircraft manufacturers mentioned in this article. According to reports, over60,000of these employees are engineers, which is set to see them grow potentially bigger than some of the other companies on this list. As a starting point for our list, we first listed all publicly traded companies that make planes and selected them through market capitalization.

Top 10 Leading Aerospace Manufacturing Companies

The SR-71 is one of the highest-flying planes to have ever been built – i.e., it can fly at a much higher altitude than standard military aircraft. They also built the first-ever ‘stealth’ aircraft, the F117, also known as the ‘nighthawk’. You may know the Rolls-Royce company, established in 1904, for its famous luxury cars, but this company also represents a major portion of the aircraft manufacturing industry.

• In 2019, Textron had profits of nearly $9.8 billion while providing employment to over 35,000 people.
• The company’s other products include Quarterhorse and its engine Chimera.
• Hawker is a subsidiary of Textron Corp that builds several business jets.
• In fact, the 380 outsells the 737, partly due to its flexible choice of engines.

The company wasn’t a giant in its early years, and went through a lot of investments, acquisitions and divestures, especially during the Cold War era. It’s Fort Worth division was responsible for perhaps one of the most famous fighter jets in the world, the F-16, though this division was sold off to Lockheed Martin later on. Lockheed Martin is another company which you will be seeing later on in our list as well. The F-16 has been one of the most successful western military projects carried out since the end of World War II and won contracts worldwide. In 2019, General Dynamics earned revenue of $9.8 billion and had around 107,000 employees.

SpaceX is a focal point of innovation when it comes to aerospace research, development and deployment, launching several spacecraft into orbit and continuing to push the boundaries of exploration. Archer is advancing sustainable air mobility and has partnered with United Airlines. The company is constructing a fully electric aircraft, called eVTOL, that can fly four passengers at 150 miles per hour, as well as take off and land vertically, like a helicopter. By 2024, Archer expects to complete flight testing through the Federal Aviation Administration. Wilder Systems wants to see a future where manufacturing tasks are completed by modular, autonomous robots, so the company supplies robots as a service for industrial service enterprises. The company works with commercial and governmental enterprises specifically interested in aerospace applications.

GKN Aerospace

In some companies that report the proportion of their sales that are aerospace, the aerospace sales are spread across business units that do business across a number of sectors, of which aerospace is just one. In such cases, it is not possible to give a profit figure that corresponds to aerospace sales. When looking at all companies, we have revisited our assumptions on what should be included as aerospace sales, and in some cases, we have changed our assumptions. Where we have done this, we have used the same assumptions for both 2018 and 2019. While production of the model ceased in 2021, it continues to be used by airlines like Emirates, Singapore Airlines, and British Airways.

Further, the company’s Trent engine family has recorded at least 100 million flying hours with more than 13,000 engines in service. Rolls-Royce is one of the most successful engineering companies globally. Founded in 1906, the company has its headquarters in London, England, United Kingdom. Its first successful production of an aircraft engine was in 1914 when it made a piston engine, known as the Eagle, primarily used to power many aircraft during the Second World War. The aviation market was expected to grow at a stable pace until the Covid-19 pandemic disrupted manufacturing, supply chains and flight operations all across the world.

China Aerospace Companies Science & Technology

The company operates ten hubs in the United States, with the Dallas/Fort Worth location being the most prominent. It’s also a founding member of Oneworld, the third largest airline alliance in the world. Its Boeing 717, Boeing 767, and Boeing 757 fleets are the largest of their kind in the world. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Investopedia does not include all offers available in the marketplace. Assets America was incredibly helpful and professional in assisting us in purchasing our property.

Similar to the CFM56, LEAP engines extensively power the A320 and 737 aircraft families. Over the years, P&W has partnered with other multinational companies forming two main joint ventures namely the Engine Alliance and International Aero Engines. The Engine Alliance incorporates P&W and General Electric in manufacturing the GP7200 engines. On the other hand, International Aero Engines is a joint venture between P&W, MTU Aero Engines, and Japanese Aero Engine Corporation, manufacturing the V2500 engines. However, one of the notable differences between aviation and other industries is the variance in the fine details that define what engine is ‘best’ for a given aircraft. The aviation industry has come a long way since the days of Wright brothers and is expected to capture a market share of $562 billion in 2022.

A US First: Kuwait Airways Will Send The Airbus A330-800neo To New York JFK

They now no longer manufacture their own https://1investing.in/ frames, but insteadfocuson engines, avionics, airplane interiors, electrical systems, and much more. A long-time giant of the air industry, Lockheed Martin is likely the #1 position for aircraft manufacturers in 2021, due to their massive revenue. It’s been a tough year for aircraft manufacturers, given that air travel has significantly dropped over the past year in light of the Coronavirus pandemic. However, these top 10 companies have managed to keep going, and have maintained their spot as some of the world’s best.

LeeMAH Electronics, Inc.is a custom largest commercial aircraft manufacturers company that provides contract services for a variety of industries including medical devices, military, transportation, communications, instrumentation, aerospace, and audio. Its line of services includes functional and environmental testing, assembly, custom programming and packaging, and more. An IndustrySelect provides clients with touch-point data for potential leads, including direct executive contact information and other actionable data among 460,000 industrial companies — including aircraft manufacturers. To learn more about how you can use IndustrySelect to generate reliable leads for your company,visit our websiteorstart your free demo.

London-listed Senior, an engineering company that is a tier one and tier two supplier to the likes of Airbus, Boeing, MTU Aero Engines and R-R makes it over the line by $70 million. Sales of $372 million were enough to lift the lowest-ranked company, Aciturri, into this year’s rankings. The wide-body aircraft is currently used by dozens of airlines, including Cathay Pacific, China Airlines, Korea Air, and Virgin Atlantic.

The Hawker 4000 is a carbon composite model that can hold up to 14 occupants. It has six feet of standing room, with a range of 3,445 nautical miles and a cruise speed of 470 knots. Unfortunately, Textron cancelled most of the Hawker product line in 2013. Note that these models carry the “neo” nomenclature denoting “new engine option.” Impressively, they have roughly triple the cabin space as that found in traditional business jets. Notably, the company produces a long-range heavy transport aircraft and the Tu-204 jetliner. Aviastar-SP shares production of the Tu-204 with the Kazan Aircraft Production Association.

In a similar way to their competitor Raytheon Technologies, General Electric Aviation is also looking to fix the issue of a lack of sustainability within the commercial airline industry. They are currently looking to develop their own sustainable aviation fuel. The company is currently pouring its efforts into creating GTF engines with better fuel economy, as well as the creation of a hybrid engine plane which uses half electricity and half fuel to travel. At the minute, this mostly focuses on making aircraft moresustainable, as air travel is currently one of the most heavily polluting industries on Earth. Sadly, in 2021, the company began to slow the production of the 787 due to forensic investigations into the quality of the planes.

According to a report by Nuffield Research, a total of around 400,000 individuals from the workforce in the industry were laid off due to halting operations amid lockdowns. The expected number for delivery of aircraft to airliners was well over a 1000 which was halved due to the pandemic. In this article we will take a look at the top aircraft manufacturers in the world. You can skip our detailed analysis of the aircraft industry’s outlook for 2021, and go directly to the Top 5 Aircraft Manufacturers in the World. As test aircraft are now flying, it seems appropriate to include Boeing’s upcoming 777X.

It’s also the only carrier in the United States that flies to certain major cities such as Copenhagen, Stuttgart, and Lagos. Airbus is the world’s top commercial airplane manufacturer in airplanes delivered. Boeing’s deliveries stalled due to the grounding of certain aircraft and the COVID-19 pandemic. Boeing and Airbus are the two biggest airplane manufacturers in the world. Boeing comes in second as the largest airplane manufacturer in the world due to manufacturing problems that led the Federal Aviation Administration to demand that it halt deliveries of its 787 model. My business partner and I were looking to purchase a retail shopping center in southern California.

While military aircraft manufacturing is likely to see a decline in revenue in the near future, commercial aircraft production is forecast to further expand its market size. Growth is projected to be largely driven by orders from commercial airlines that are keen to meet increased passenger travel demand. The rising number of commercial airline passengers is closely intertwined with the growing affluence in emerging markets.

As a result of the coronavirus pandemic and resulting travel restrictions, Lufthansa generated most of its revenue through 2020 by providing high-density cargo shipment services using its commercial fleet. Lufthansa also owns many subsidiary companies that are major airlines in their own right, including Austrian Airlines, Brussels Airlines, and Eurowings. The company operates from 84 bases across 35 locations in North Africa and Europe. Its largest hub is its London-Stansted location, which services 44 aircraft. Operating over 3,600 flights each week across 150 cities in 80 countries, the company is also the largest airline headquartered in the entire Middle East.

Northrop Grumman’s capabilities in electronic warfare systems span all domains – land, sea, air, space, cyberspace and the electromagnetic spectrum. The Aerospace Manufacturing Companies As the leading force of China’s space industry and one of China’s first innovative enterprises. Each business unit is responsible for the execution of its strategy and operational performance.

AI SpaceFactory

Spirit AeroSystems is one of the newest companies in our list, and is actually a spin-off of Boeing, another company which will make our list later on. It actually came into being when Boeing Commercial Airplanes sold to investment firm Onex, its Wichita division. It has purchased the aerostructures business from BAE systems, which is also one of the largest aerospace companies in the world, but is of British origins. Spirit only has a couple of main customers, and in 2010, 96% of sales were to Boeing and Airbus.

A passenger version would have two decks, four aisles and carry up to 900 passengers. Lockheed Martin will offer the Martin-Baker Mk18 ejection seat as a candidate for the F-21, in an effort to deliver a more competitive proposal for an Indian air force requirement for 114 fighters. If confirmed, the IN18E seat would replace the Collins Aerospace ACES II from the original F-16 … PPG Aerospace , part of PPG Industries, is a leading supplier of adhesives and sealants, coatings and transparencies.