The aerospace sector is responsible for the development and production of airplanes, rockets, and missiles that can operate in both the Earth’s atmosphere and space. Because military applications are where the real money is, the majority of the companies on our list are focused on them. From $736.36 billion in 2020 to $774.54 billion in 2021, the worldwide aerospace and defense industry is predicted to expand. In 2020, North America accounted for 35% of the global aerospace & defense market, Asia Pacific accounted for 29%, and Africa was the smallest area.
Insider Monkey takes a look at the 15 most valuable aerospace companies in the world. The company’s headquarters are in Rome, and it has 180 locations around the world. Leonardo S.p.a. employs about 49,000 people around the world. In 2020, the company produced total revenues of $15.8 billion. Dassault Aviation SA is a French aerospace company that designs and manufactures military aircraft, commercial jets, and space technologies. The company employs around 12,000 people, the majority of whom are based in France. It has 2,100 Falcon jets and 1000 fighter planes in service and ready to fly. Rolls-Royce Holdings plc is a multinational aerospace and military business based in the United Kingdom. Civil aerospace, power systems, defense, and ITP aero are the company’s four segments. It has about 48,000 employees and expects yearly revenues of up to $16.4 billion in 2020. Textron Inc. is a global aerospace, defense, industrial, and financial services company. Textron has a market capitalization of $16.5 billion and employs over 33,000 people worldwide. It is well known for its aircraft brands, which include Bell, Cessna, Beechcraft, and Hawker. The US Navy awarded BAE Systems Plc a $42.5 million contract for landing systems integration. Electronic systems, cyber & intelligence, platforms & services, aviation, and maritime are the company’s five divisions. For more details, click 15 Most Valuable Aerospace Companies In The World.
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