Top 10 US Defense And Aerospace Companies For 2013
The top 10 US Defense and Aerospace continue to develop the systems that the US, and the world, rely on for: security, information technology, communications, propulsion systems, aircraft, helicopters and the many thousands of components required to design, develop and support the industry infrastructure. Additionally, these companies provide the core systems for all military vehicles used in flight, ground, marine and submarine.
Below are the rankings in annual revenue, with a brief overview from each company to describe their core strengths and businesses.
Boeing – $81.7 Billion
Boeing is the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Additionally, Boeing designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. As a major service provider to NASA, Boeing is the prime contractor for the International Space Station. The company also provides numerous military and commercial airline support services. Boeing provides products and support services to customers in 150 countries and is one of the largest U.S. exporters in terms of sales.
United Technologies – $59.8 Billion
United Technologies (UTC) is a diversified company that provides a broad range of high-technology products and services to the global aerospace and building systems industries. Our commercial businesses are Otis elevators and escalators and UTC Climate, Controls & Security, a leading provider of heating, ventilation, air conditioning, fire and security systems, building automation and controls. Our aerospace businesses are Sikorsky aircraft and the new UTC Propulsion & Aerospace Systems, which includes Pratt & Whitney aircraft engines and UTC Aerospace Systems aerospace products.
Lockheed Martin – $47.2 Billion
As a global security, aerospace, and information technology company, the majority of Lockheed Martin’s business is with the U.S. Department of Defense and the U.S. federal government agencies. In fact, Lockheed Martin is the largest provider of IT services, systems integration, and training to the U.S. Government. The remaining portion of Lockheed Martin’s business is comprised of international government and some commercial sales of our products, services and platforms. Lockheed Martin’s operating units are organized into broad business areas:
Aeronautics (tactical aircraft, airlift, and aeronautical research and development
Information Systems & Global Solutions (IS&GS) – C4I, federal services, government and commercial IT solutions
Missiles and Fire Control (Terminal High Altitude Area Defense System, Joint Light Tactical Vehicle, PAC-3 Missiles
Mission Systems and Training – naval systems, platform integration, simulation and training and energy programs lines of business
Space Systems -space launch, commercial satellites, government satellites, and strategic missiles lines of business
Honeywell – $37.7 Billion
The Aerospace Business Unit – Honeywell Aerospace mechanical and electrical product offerings are used today on virtually every commercial and defense related aircraft platform. The division invents and integrates thousands of products and services that deliver safe, efficient, productive and comfortable experiences worldwide.
General Dynamics – $31.5 Billion
The company is organized into four business groups: Aerospace, Combat Systems, Information Systems and Technology and Marine Systems. Each business group is a leader in the markets it serves, as a result of the careful development of a portfolio of relevant, affordable products and services. Each group comprises several business units
Aerospace – Gulfstream, Jet Aviation
Combat Systems – Armament, Land Systems, Ordinance, Tactical Systems
Marine Systems – Bath Iron Works, Electric Boat, NASSCO
Information Systems and Technology – Advanced Information Systems, C4 Systems, Information Technology
Northrop Grumman – $25.2 Billion
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cybersecurity, C4ISR, and logistics and modernization to government and commercial customers worldwide.
We hold ourselves to a higher standard, both in the products we deliver and in the way we conduct ourselves throughout the entire customer experience. Because, after all, we are in the business of securing a great deal more than just our place in the market.
Our mission is to be at the forefront of technology and innovation, delivering superior capability in tandem with maximized cost efficiencies. The security solutions we provide help secure freedoms for our nation as well as those of our allies. Squarely meeting our obligations, fiscally and technologically, isn’t just a business goal, but a moral imperative. To that end, as we evolve as a company, the responsibility we feel for our country and the citizens and troops we help support grows with us
Raytheon – $24.4 Billion
Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services
L-3 Communications -$14.1 Billion
L-3 is a prime contractor in Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, platform and logistics solutions, and national security solutions. L-3 is also a leading provider of a broad range of electronic systems used on military and commercial platforms. Our customers include the U.S. Department of Defense and its prime contractors, U.S. Government intelligence agencies, the U.S. Department of Homeland Security, U.S. Department of State, U.S. Department of Justice, allied foreign governments, domestic and foreign commercial customers and select other U.S. federal, state and local government agencies
Textron – $12.2 Billion
Textron Inc. is not only one of the world’s best known multi-industry companies, it is a pioneer of the diversified business model. Founded in 1923, we have grown into a network of businesses with total revenues of $12.2 billion, and approximately 33,000 employees with facilities and presence in 25 countries, serving a diverse and global customer base. Headquartered in Providence, Rhode Island, USA,Textron is ranked 225th on the FORTUNE 500 list of largest U.S. companies. Organizationally, Textron consists of numerous subsidiaries and operating divisions, which are responsible for the day-to-day operation of their businesses (“Textron businesses”)
While we take great pride in our long history, we are even more excited by the future. Our vision is to be the premier multi-industry company, recognized for our powerful brands, world-class enterprise processes and talented people. By placing customers first in everything we do, Textron continues to grow as an industry leader with strong brands such as Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, E-Z-GO and Greenlee, among others
Precision Cast Parts (PPC) – $7.2 Billion
Precision Castparts Corp. is a worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. PCC is the market leader in manufacturing large, complex structural investment castings, airfoil castings, forged components, aerostructures and highly engineered, critical fasteners for aerospace applications. In addition, the Company is the leading producer of airfoil castings for the industrial gas turbine market. PCC manufactures extruded seamless pipe, fittings, forgings, and clad products for power generation and oil & gas applications; commercial and military airframe aerostructures; and metal alloys and other materials to the casting and forging industries.
The revenue data was compiled from a Fortune Magazine article published in the May 2013 issue. The complete list of companies can be found on-line at ” 500 Largest US Corporations ”
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