At the minute, this mostly focuses on making aircraft more sustainable , as air travel is currently one of the most heavily polluting industries on Earth. 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.
This is particularly pressing in the commercial air travel industry, as the huge airliners require an incredible amount of fuel. Northrop Grumman. Northrop Grumman is a well established military aircraft manufacturer based in Virginia, United States, and sells both aircraft and weapons.
The company operates multinationally and sells to over 25 allied militaries worldwide. Northrop has over 90, employees, falling a little short compared to the giants such as Boeing and Lockheed Martin. On eight separate occasions, they have been the recipient of the Collier Trophy, which is presented by the National Aeronautic Association for achievements in aeronautics and aircraft. This is an impressive feat considering the company was only founded in !
The most exciting project on Northrop's horizon at the minute is the development of the B Raider, in association with the US Air Force. It is a heavy bomber vehicle which will be able to drop bombs from long range. It is also anticipated to be able to carry nuclear weapons as well as standard bombs.
Recently, they have also begun working on a "hypersonic weapons centre of excellence", which will be a new factory in its Elkington, Maryland location which sees the design, production, and correct installation of hypersonic missiles and other weapons.
They also recently signed a contract with NASA to explore a fairly experimental studio apartment, complete with enough space for three aircraft, which will go into the Earth's orbit.
General Electric. GE Aviation is based near Cincinnati, Ohio, and boasts a small 48, employees. It is a part of the General Electric family, which is also known for making cars and home appliances. General Electric Aviation do not make their own aircraft, however, they do supply engines, computers, and much more to the big aircraft manufacturers. This means that their customers include many of the other companies on this list - Lockheed Martin, for instance, and Airbus.
The vast majority of their revenue is derived from making engines for commercial airliner planes. One of their most notable inventions is the GEnx, a commercial engine designed specifically for the Boeing Dreamliner range the and It is also their fastest selling engine ever designed! Other popular models of engine by General Electric Aviation include the GP, built in collaboration with Raytheon Technologies, which provides the Airbus A with the most fuel efficient engine currently available on the market.
They are also heavily present in the military side of aviation, however. Similar to their work on commercial engines, they manufacture jet engines to be fitted into military aircraft.
Some of their latest and best work includes the invention of the Adaptive Cycle engine, which allows military aircraft to travel further, quicker, and longer. 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. This is a little smaller than most of the other competitors in this list, though Safran have still done pretty well for themselves, standing up to the potentially oversaturated American market.
They now no longer manufacture their own aircraft frames, but instead focus on engines, avionics, airplane interiors, electrical systems, and much more. Safran SA is considered a world leader of navigation systems for both commercial airliners and military aircraft. The company employs around 81, people, making it a fairly mid-range company on this list.
Along with aeronautics , they manufacture and supply missiles and fire control products, rotary and mission systems, and spacecraft. Like other defense contractors, Lockheed Martin has dealt with corruption allegations and a healthy amount of criticism. Headquartered in Farmington, Connecticut , United Technologies has been a major player in aircraft manufacturing since the 30s, originally under the name United Aircraft corporation, changing it to United Technologies in the 70s, reflecting its diversification of services beyond the aerospace field and civilian business versus military.
Since its founding, United Technologies has acquired dozens of other companies, from refrigeration business, elevators, security, and more, making United Technologies one of the most diverse companies on our list. Researchers identified UTC as the 38th largest corporate contributor of air pollution in the United States in , releasing upwards of , pounds of toxins into the atmosphere per year, including magnesium, nickel, and other natural metals. At number five on our list is yet another United States defense technology company that maintains an over 33 billion dollar revenue within the aerospace industry.
Though this Virginian company has roots dating back to World War II, the company as it is known today was officially founded in , making it a relatively recent player. Northrop Grumman aerospace manufacturing is most widely known for its XB combat aerial vehicle, which was the first unmanned, autonomous aircraft system to operate from an aircraft carrier.
This company is also known for leading the production of b raiders and manufacturing aircraft that can deploy nuclear weapons. Anyways, on to our next entry. Straight out of the heart of America, we have GE Aviation just barely missing our top five. They create technology such as turbojets, turbofans, and more. GE Aviation was founded in and employed 48, people.
Technically, this company does not exist as its own entity due to a recent merger with one of our other entries on this list.
However, as of the most recently available data, Raytheon company netted the seventh highest revenue of aircraft carriers worldwide. The company remains a large player within this industry. Our first solely French entry on this list, Safran, is an aircraft engine, rocket engine, aerospace component, and defense company.
This multinational corporation dates back to in its business practices but was officially established in Through expansive business strategy and high investment into corporate strategy, the company developed a resilient business with high-growth potential. Despite all economic downturns between and , Airbus Group managed to grow at a rapid rate by improving its business operations and generated more and more revenue each year. For instance, during that period, the Airbus Group increased its revenue streams by roughly 80 percent, reaching over 70 billion euros in However, due to the coronavirus pandemic, the aircraft manufacturer reported only As of March , over 12, Airbus aircraft were in operation worldwide.
Single aisle, A, and A are the most deployed Airbus aircraft in use. Over the last decade, the Airbus Group invested an amount fluctuating around 3. You need a Single Account for unlimited access. Full access to 1m statistics Incl. Single Account. View for free. Show source. Show detailed source information? Register for free Already a member? Log in. More information. Supplementary notes. Other statistics on the topic. Aviation Size of aircraft fleets by region worldwide: projection Research expert covering aviation, aircraft , rail and train manufacturing and the logistics industry.
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