Washington is tied to Boeing Commercial Airplanes, earning $10.3 billion, is home to 1,400 aerospace-related businesses, and has the highest aerospace jobs concentration.
Then Douglas aircraft outsourced large aerostructures and the Bombardier Global Express pioneered the “Tier 1” supply chain model inspired by automotive industry, with 10-12
risk-sharing limited partners funding around half of the development costs.
 On 26 November 2018, United Technologies announced the completion of its Rockwell Collins acquisition, renaming systems supplier UTC Aerospace Systems as Collins Aerospace,
for $23 billion of sales in 2017 and 70,000 employees, and $39.0 billion of sales in 2017 combined with engine manufacturer Pratt & Whitney.
 In the US, the Department of Defense and NASA are the two biggest consumers of aerospace technology and products.
BAE Systems is the successor company to numerous British aircraft manufacturers which merged throughout the second half of the 20th century.
 The electric aircraft development could generate large changes for the aerospace suppliers.
^ Jump up to:a b In 2019, Airbus displaced Boeing as the largest aerospace company by revenue due to the Boeing 737 MAX groundings, with $2 billion operating losses down from
$12 billion profits the previous year.
 On April 3, 2020, Raytheon and United Technologies Corporation (except Otis Worldwide, leaving Rockwell Collins and engine maker Pratt and Whitney) merged to form Raytheon
Technologies Corporation, with combined sales of $79 billion in 2019.
Airbus gets a new, efficient model at the lower end of the narrowbody market which provides the bulk of airliner profits and can abandon the slow selling A319 while Bombardier
benefits from the growth in this expanded market even if it holds a smaller residual stake.
 In 2018, the new commercial aircraft value is projected for $270.4 billion while business aircraft will amount for $18 billion and civil helicopters for $4 billion.
 During that period of recovery a special program to restore U.S. competitiveness across all U.S. industries, Project Socrates, contributed to employment growth as the
U.S. aerospace industry captured 72 percent of world aerospace market.
 Consolidation Several consolidations took place in the aerospace and defense industries over the last few decades.
^ Jump up to:a b United Technologies merged with the Raytheon Company in April 2020 to form Raytheon Technologies.
Market In 2015 the aircraft production was worth US$180.3 Billion: 61% airliners, 14% business and general aviation, 12% Military aircraft, 10% military rotary wing and 3%
civil rotary wing; while their MRO was worth $135.1 Bn or $315.4 Bn combined.
Boeing could forge a similar alliance with either Embraer with its E-jet E2 or Mitsubishi Heavy Industries and its MRJ.
 Marconi Electronic Systems, a subsidiary of the General Electric Company plc, was acquired by British Aerospace for US$12.3 billion in 1999 merger, to form BAE Systems.
 Suppliers The largest aerospace suppliers are United Technologies with $28.2 Billion of revenue, followed by GE Aviation with $24.7 Billion, Safran with $22.5 Billion,
Rolls-Royce Holdings with $16.9 Billion, Honeywell Aerospace with $15.2 Billion and Rockwell Collins including B/E Aerospace with $8.1 Billion.
 In 1993, then United States Secretary of Defense Les Aspin and his deputy William J. Perry held the “Last Supper” at the Pentagon with contractors executives who were
told that there were twice as many military suppliers as he wanted to see: $55 billion in military–industry mergers took place from 1992 to 1997, leaving mainly Boeing, Lockheed Martin, Northrop Grumman and Raytheon.
In 2018, the four Western airframers combined into two within nine months as Boeing acquired 80% of Embraer’s airliners for $3.8 billion on July 5.
 On September 4, 2017, United Technologies acquired Rockwell Collins in cash and stock for $23 billion, $30 billion including Rockwell Collins’ net debt, for $500+ million
of synergies expected by year four.
 Geography In September 2018, PwC ranked aerospace manufacturing attractiveness: the most attractive country was the United States, with $240 billion in sales in 2017,
due to the sheer size of the industry (1) and educated workforce (1), low geopolitical risk (4, 1 is Japan), strong transportation infrastructure (5, 1 is Hong Kong), a healthy economy (10, 1 is China), but high costs (7, 1 is Denmark) and
average tax policy (36, 1 is Qatar).
 The weight of Airbus and Boeing could help E2 and CSeries sales but the 100-150 seats market seems slow.
In 2002, when Fairchild Dornier was bankrupt, Airbus, Boeing or Bombardier declined to take the 728JET/928JET large regional jet program as mainline and regional aircraft
manufacturers were split and Airbus was digesting its ill-fated Fokker acquisition a decade earlier.
[‘Kevin Michaels (April 28, 2016). “MRO Industry Outlook” (PDF). ICF International.
2. ^ Jump up to:a b Richard Aboulafia; Kevin Michaels (16 July 2018). “The Global Aerospace Industry Size & Country Rankings” (PDF). The Teal Group / AeroDynamic Advisory.
Lee Ann Shay (Jan 2, 2018). “Commercial Spending Will Lead MRO Field In 2018”. Aviation Week & Space Technology. Comparing civil, helicopter, business aviation and military MRO forecasts for 2018.
4. ^ Jump up to:a b c Murdo Morrison (15 September
2020). “Airbus displaces Boeing as aerospace’s biggest company”. FlightGlobal.
5. ^ Jump up to:a b “Top 100 aerospace companies by revenue 2018” (PDF). Flight International. 3 Sep 2019.
6. ^ Jump up to:a b “Top 100 aerospace companies by revenue
2017”. Flight International. 3 Sep 2018.
7. ^ Jump up to:a b “Top 100 aerospace companies grow more profitable”. Flight International. 1 September 2017.
8. ^ Jump up to:a b “Top 100 Special Report”. Flight International. 13 September 2016.
Jump up to:a b “Top 100 Aerospace Companies” (PDF). Flight International. 15–21 September 2015.
10. ^ “United Technologies and Raytheon Complete Merger of Equals Transaction”. www.rtx.com (Press release). Raytheon Technologies. 3 April 2020. Retrieved
3 April 2020.
11. ^ Jump up to:a b “Aerospace manufacturing attractiveness rankings” (PDF). PwC. September 2018.
12. ^ Parker, Dana T. Building Victory: Aircraft Manufacturing in the Los Angeles Area in World War II, pp. 131-2, Cypress, CA, 2013.
Jump up to:a b c Jens Flottau (Jul 12, 2018). “Aerospace Consolidation Anew: Now It’s The Commercial Airframers”. Aviation Week & Space Technology.
14. ^ “Mergers & Acquisitions – Aerospace & Defense”. Thomson Financial, Institute for Mergers,
Acquisitions and Alliances.
15. ^ Leslie Wayne (Feb 27, 1998). “The Shrinking Military Complex; After the Cold War, the Pentagon Is Just Another Customer”. New York Times.
16. ^ “Boeing offering $13 billion to buy McDonnell Douglas”. New York
Times. Dec 16, 1996.
17. ^ “Raytheon wins bidding war for Hughes Aircraft”. Flight International. 22 January 1997.
18. ^ “All-UK merger sends European defence into disarray”. Flight International. 27 January 1999.
19. ^ “United Technologies
To Acquire Rockwell Collins For $30 Billion” (Press release). United Technologies. September 4, 2017.
20. ^ Michael Bruno (Sep 18, 2017). “Northrop To Buy Orbital For More Than $9B”. Aviation Week & Space Technology.
21. ^ Jerrold T. Lundquist
(Oct 18, 2017). “Opinion: C Series Deal Ends Aerospace Status Quo”. Aviation Week & Space Technology.
22. ^ Michael Bruno and Guy Norris (Dec 21, 2017). “Boeing, Embraer Mull Combination That Could Reset OEM Industry”. Aviation Week Network.
Jon Hemmerdinger (6 June 2018). “Mergers may fuel long-awaited E2 and CSeries sales bump”. Flightglobal.
24. ^ Jon Hemmerdinger (3 April 2020). “United Technologies-Raytheon merger to close today”. Flightglobal.
25. ^ Murdo Morrison (9 April 2020).
“Failed marriages: Top 10 aerospace mergers that never were”. Flightglobal.
26. ^ Thierry Dubois and Jens Flottau (Jan 20, 2017). “Tier 1 Consolidation Continues As Safran Takes Over Zodiac”. Aviation Week & Space Technology.
27. ^ Michael Bruno
(Dec 6, 2017). “Industry Landscape Could Reboot Under Aircraft Electrification”. Aviation Week & Space Technology.
28. ^ “United Technologies Announces Intention to Separate Into Three Independent Companies; Completes Acquisition of Rockwell Collins”
(Press release). United Technologies. November 26, 2018.
29. ^ Jump up to:a b Kevin Michaels (May 18, 2017). “Beware, OEM-supplier Relations Are Changing”. Aviation Week & Space Technology.
Photo credit: https://www.flickr.com/photos/blondinrikard/9216321995/’]