Boeing is an aerospace business established in Illinois that designs and manufactures commercial jetliners, satellites, missiles, and electronic and defense systems around the world. Boeing has mostly become known as an aircraft manufacturer. Boeing’s widespread brand recognition is one of the company’s finest achievements. Within the aerospace sector, however, it faces stiff competition. Here is a list of its rivals:
#1. Airbus
- Founded: December 18, 1970
- Headquarters: Leiden, Netherlands
Need to know
Airbus (https://www.airbus.com) was founded in 1970 by Roger Béteille, Felix Kracht, Henri Ziegler, and Franz Josef Strauss.
Defence and Space and Helicopters are Airbus’ two primary divisions. Airbus is a leader in the aviation sector as well as an international developer in the aerospace business. Airbus has a strong European heritage, with 180 bases and 12,000 direct suppliers throughout the world. Airbus has supplied roughly 11,000 airplanes to airlines throughout the world, as well as around 12,000 helicopters to almost 3,000 clients. Airbus has been developing for years, utilizing technology and scientific knowledge as a driving force. Airbus is regarded as a technological leader with a strong commitment to the aerospace sector.
Airbus sells and customizes new planes for private and business customers. It features a model range that matches that of the company’s commercial aircraft.
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#2. Raytheon
- Founded: 1922
- Headquarters: Waltham, Massachusetts
Need to know
Raytheon (https://www.rtx.com) was established in 1992 by Vannevar Bush, Laurence K. Marshal, and Charles G. Smith.
It was originally known as “American Appliance Company,” but in 1925, it was renamed “Raytheon Manufacturing Company.” As of 2018, the corporation employed roughly 67,000 people worldwide and generated approximately US $25.35 billion in yearly revenue. Raytheon accounted for more than 90% of Raytheon’s income in 2012, and it was the world’s fifth-largest military contractor. In terms of defense revenue, it was the third largest defense contractor in the United States in 2015.
Raytheon’s electronics and defense-systems division manufactures air, sea, and land-based missiles; aircraft radar systems; weapons sights and targeting systems; communication and battle-management systems; and satellite components.
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#3. Lockheed Martin
- Founded: March 15, 1995
- Headquarters: Bethesda, Maryland, United States
Need to know
Lockheed Martin company (https://www.lockheedmartin.com) was founded in 1995 by Lockheed Corporation and Martin Marietta. Lockheed Martin is a significant figure in the aerospace, military support, security, and technology sectors. In fiscal year 2014, it was the world’s largest defense contractor in terms of revenue. Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space are the four business segments of Lockheed Martin. The firm has won the Collier Trophy six times, most recently in 2018 for the Automatic Ground Collision Avoidance System, which it developed with the X-35/F-35B LiftFan Propulsion System.
Clients can use Lockheed Martin’s technological services. Software analysis, design, development, testing, implementation, and maintenance are among the services provided by the company. This organization invests in renewable energy systems, healthcare systems, compact nuclear fusion and intelligent energy distribution.
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#4. Bombardier Inc.
- Founded: July 10, 1942
- Headquarters: Valcourt, Quebec, Canada
Need to know
Bombardier Inc. (https://bombardier.com) was established in 1942 by Joseph-Armand Bombardier. Bombardier is recognized as the world’s leading train and jet maker. Bombardier is working to find solutions to bridge the gaps between cities and make commuting more convenient. It employs around 69,500 people who are dedicated to bringing about a revolution in mobility for a better society. Bombardier is an aerospace corporation that develops innovative aviation solutions for business, commercial, and specialty aircraft. Bombardier is a transportation corporation with 60 manufacturing sites in 27 countries.
Bombardier’s aerospace division is responsible for designing, manufacturing, selling, and supporting regional, business, and utility aircraft, as well as fabricating airframe components and providing defense products and services. The company began by manufacturing snowmobiles and has since expanded into the aviation, rail, and public transportation industries.
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#5. General Dynamics
- Founded: February 7, 1899
- Headquarters: Reston, Virginia, United States
Need to know
General Dynamics (https://www.gd.com) was founded in 1899 by John Philip Holland.
General Dynamics could trace its roots back to the Holland Torpedo Boat Company, founded by John Philip Holland. Isaac Rice purchased the company from Holland in 1899 and renamed it the Electric Boat Company. On April 24, 1952, Electric Boat was renamed General Dynamics. In 2019, it was ranked as the world’s sixth-largest defense contractor. The United States Navy’s first modern submarines were developed by General Dynamics’ founding parent company, Holland Torpedo Boat Company. General Dynamics today announced a $1 billion quarterly net income on $10.8 billion in revenue. On revenue of $39.4 billion, ongoing operations earned $3.5 billion for the whole year.
Auxiliary ships, business aircraft, combat vehicles, communications systems, IT systems, Jones Act ships, munitions, nuclear-powered submarines, stealth ships, tanks, vision systems, water craft, and armament systems are all manufactured by General Dynamics.
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#6. General Electric
- Founded: April 15, 1892
- Headquarters: Schenectady, New York, United States
Need to know
General Electric (https://www.ge.com)was founded in 1892 by a merger between Thomas Edison’s Edison Electric Company and the Thomson-Houston Electric Company, which was arranged by financier J.P. Morgan. It increased in lockstep with the economy during the following century. In 1896, it joined the Dow as a founding member. In 2000, GE had a revenue of over $130 billion. The multinational behemoth was a lender, an appliance manufacturer, a media conglomerate, and a healthcare provider at its peak.
General Electric is a company that makes commercial and military jet engines. Natural gas power facilities are also a part of the company’s portfolio, which also includes steam, nuclear power, and grid services. It also makes use of onshore and offshore wind and hydropower, as well as other technologies such as concentrated solar power.
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#7. United Technologies Corporation
- Founded: July 21, 1934
- Headquarters: Farmington, Connecticut, United States
Need to know
United Technologies Corporation (https://www.rtx.com) was founded in 1934 by Frederick Rentschler. United Technologies is the fastest-growing industry, with a strong focus on providing great service. United Technologies Aerospace operates in around 25 countries and has about 150 locations. It also aims to provide the greatest items to clients. United Technologies is regarded as one of the top Boeing competitors since it is one of the fastest growing firms in the aviation area.
United Technologies is involved in a variety of sectors, including aerospace, aircraft engines, industrial items, and diverse technologies, where it manufactures, researches, and develops. It is one of the leading manufacturers of aviation goods. In addition, it is a major military contractor.
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#8. Beechcraft
- Founded: 1932
- Headquarters: Wichita, Kansas
Need to know
Beechcraft (https://www.beechcraft.com) was founded in 1932 by Walter Beech, his wife Olive Ann Beech, as president, Ted A. Wells as vice president, K. K. Shaul as treasurer, and investor C. G. Yankey as vice president. The company started out in an abandoned Cessna factory. They collaborated with designer Ted Wells to create the first Beechcraft aircraft, the famous Beechcraft Model 17 Staggerwing, which flew for the first time in November 1932.
Light single-engine turboprop transports, corporate jets, and military trainers are among the aircraft produced by the company. Beechcraft produces aircraft models such as the Bonanza series, King Air and Super King Air, Single-engine piston general aviation aircraft, Twin-engine piston utility aircraft, Single-engine turboprop military trainer, Twin-engine turboprop transport and utility aircraft.
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#9. Northrop Grumman Cooperation
- Founded: 1994
- Headquarters: Falls Church, Virginia
Need to know
Northrop Grumman (https://www.northropgrumman.com) was founded in 1994 by Jack Grumman and Leroy Grumman. It is a global aerospace and military technology corporation based in the United States. It is one of the world’s leading weapons manufacturers and military technology suppliers, with over 90,000 workers and annual sales of over $30 billion. The company is ranked 96th on the Fortune 500 list of America’s biggest firms for 2020. The Collier Trophy has been awarded to Northrop Grumman and its industry partners eight times, most recently for the development of the first unmanned, autonomous air system to operate from an aircraft carrier.
Military aircraft and unmanned aerial vehicles, military boats, missiles and missile defense systems, autocannons, chain guns, and ammunition, satellites and space, information technology, electronic sensors and systems, and rocket launch systems are all manufactured by Northrop Grumman.