The ten biggest aerospace and defence companies based on their 2018 market share

  • 10. BAE Systems

The top ten aerospace and defence companies-BAE SystemsBAE Systems serves customers across the air, maritime, land and cyber domains. Image courtesy of Ron Cogswell.

BAE Systems reported revenues of $21.34bn in 2018, primarily driven by the strong performance of its Air and Electronic Systems segments.

  • 9. Safran SA

The top ten aerospace and defence companies-SafranSafran has its presence in the aircraft propulsion and equipment, space and defence sectors. Image courtesy of Ketounette.

Safran SA recorded revenue of $24.07bn, a 10.4% increase on an organic basis, compared to the previous year. Driven by narrow-body engines and civil aftermarket activities, the Aerospace Propulsion business accounted for approximately half of the total revenue.

  • 8. Raytheon Company

The top ten aerospace and defence companies-RaytheonRaytheon Company offers defence, civil government and cybersecurity solutions for customers in more than 80 countries. Image courtesy of Jpalens.

Raytheon Company’s net sales in 2018 were $27.05bn, a 6.9% increase compared to $25.3bn in 2017. The Missile Systems (MS), Space and Airborne Systems (SAS) business segments contributed to more than 50% of the total revenue.

  • 7. Northrop Grumman

The top ten aerospace and defence companies-Northrop GrummanNorthrop Grumman has approximately 85,000 employees in more than 25 countries worldwide. Image courtesy of Northrop Grumman Corporation.

Northrop Grumman reported net sales of $30.09bn in 2018, a 16% increase over 2017. More than 80% of the company’s revenue was generated by Aerospace Systems and Mission Systems segments.

  • 6. GE Aviation

The top ten aerospace and defence companies-GE AviationGE Aviation, a division of General Electric, is one of the biggest suppliers of commercial, military and business and general aviation jet and turboprop engines. Image courtesy of Christian Junker.

GE Aviation, an operating division of General Electric (GE), recorded $30.56bn in revenue in 2018, an increase of 13% compared to 2017.

  • 5. General Dynamics Corporation

The top ten aerospace and defence companies-General DynamicsGeneral Dynamics Corporation offers business jets, wheeled combat vehicles, command and control systems and nuclear submarines. Image courtesy of raymondclarke.

General Dynamics Corporation’s net sales in 2018 were $36.19bn, courtesy to constant revenue growth in all five segments. Its net earnings for the year amounted to $3.4bn, while total backlog at the end of the year increased by 7.4% year-on-year, to $67.9bn.

  • 4. Lockheed Martin Corporation

The top ten aerospace and defence companies-Lockheed MartinLockheed Martin Corporation is a global aerospace, defence and security company with presence across the world. Image courtesy of Coolcaesar.

Lockheed Martin Corporation, a leading aerospace, defence, security and advanced technologies company based in Bethesda, reported revenue of $53.76bn in 2018, a 7.6% increase compared to 2017.

  • 3. United Technologies Corporation (UTC)

The top ten aerospace and defence companies-United Technologies CorporationHeadquartered in Hartford, United Technologies Corporation (UTC) employs Approximately 240,000 personnel. Image courtesy of DanielPenfield.

United Technologies Corporation (UTC) recorded revenues of $66.5bn in 2018, an 11% increase compared to 2017. Net income for the same period was $5.3bn, a rise of 16% against 2017.

  • 2. Airbus SE

The top ten aerospace and defence companies-AirbusBased in the Netherlands, Airbus offers commercial aircraft, helicopters, military transports, satellites and launch vehicles. Image courtesy of Luis García.

Airbus, the biggest aerospace and defence company in Europe, reported revenues of $72.86bn in 2018, an increase of 8% over 2017.

  • The Boeing Company

The top ten aerospace and defence companies-BoeingBoeing is a leading manufacturer of commercial and military aircraft, defence, space and security products and systems. Image courtesy of Jack Heddon.

Boeing reported revenues of $101.12bn, witnessing a year-on-year revenue growth of 8% in 2018. The revenue was largely driven by strong growth across its portfolio. The company also had a total backlog of $490bn, including approximately 5,900 commercial aircraft.