The top ten aerospace and defense manufacturers according to a recent study by PriceWaterhouseCoopers (PwC) are Boeing, Airbus, Lockheed Martin, Northrop Grumman, Raytheon, Finmeccanica, United Technologies (UTC), GE, Safran and Rolls-Royce. Taken together these top ten aerospace companies today account for 62% of all industry revenues, demonstrating how highly concentrated and reliant on operational scalability the industry is today. You can download the entire report here (free, no opt-in, 47 pp.): The Top Aerospace Companies of 2014. You can find the full data set the PwC research firm used for completing the analysis here.
Key take-aways from the study include the following:
• Boeing ($86.6B), Airbus ($78.6B), Lockheed-Martin ($45.3B), United Technologies ($33.1B), Northrop Grumman ($24.6B) and Raytheon ($23.7B) lead the top aerospace companies according to PwC’s analysis. The following graphic provides an overview of the top twenty aerospace companies as of 2014:
• The top aerospace companies managed just 3.8% year-over-year revenue growth while companies in the 21 – 100 ranking strata averaged 9.8% revenue growth for the period. The financial and operational scalability of emerging companies on the list is evident in these and other financial metrics captured in the analysis. The following graphic provides an overview of revenue and profit growth from 2005 – 2013:
• Defense-related revenue continues to drop industry-wide, with Boeing being the exception on a global scale. Boeing was able to increase defense-related revenues by 1.8% to $33B, while Airbus experienced a 3.8% reduction in defense-related revenue in the last year. PwC mentions that the drastic slowdowns in European defense spending are a key factor in driving down spending in the region and increasingly worldwide. The following graphic compares defense sales growth from 2009 to 2013:
• 68 of the top 100 companies have attained a revenue run rate of $1B+ in their latest fiscal year. In total the top 100 companies have a combined revenue of $588B,which is a new record for the aerospace industry. Airbus and Boeing account for 76% of all civil aviation sales.
• The top 100 aerospace companies have attained a 5.6% compound annual growth rate in revenues since 2005 when combined revenues were $381B.
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