Today we are going to show you around in the world of the top largest aerospace companies in the US. Insider Monkey has recently published a really arresting article on this issue. At first let’s make clear what an aerospace company means. The word aerospace means any human efforts to be able to fly either in the atmosphere or in the space. Aerospace companies are involved in design, research, producing and operation of aircraft and spacecraft.
The largest aerospace companies, such as Lockheed and Boeing manufacture both commercial and military aircrafts as well, making extremely large amounts in revenue annually. Without a shadow of a doubt, it’s among the most profitable industries in the world, especially we know that only in the United States its worth is between $800 billion to $1 trillion. If you take into condsideration that only one top company makes tens of billions of dollars annually, then you can imagine how lucrative this industry is. Additionally, defense spending is continually growing year by year. The United States spends on its military more than most of the countries combined, therefore aerospace companies are predicted to make more profit in the future.
And now let’s check out what Insider Monkey has investigated for you. We have highlighted only two of the largest aerospace companies by giving a short summerize, as usual. The company Honeywell (NYSE:HON) has recevied the fifth spot on the list. Honeywell is a mammoth, headquartered in Charlotte, North Carolina. This company manufactures products for home, too, with which you can make you home automatic. Honeywell has an astonishing 113,000 employees and make $14 billion in revenue annually. Northrop Grumman (NYSE:NOC) stands on the forth spot, and not by chance as it has more than 90,000 employees and had $33.8 billion in revenue last year. Northgroup doesn’t only manufacture aerocrafts, but weapons, as well. What’s more, it’s among the largest weapon manufacturer companies in the world. The very prestigious aviation award, the Collier award has been given to the Northgroup eight times so far. If you are intereted in more interesting and useful information, please jump to the top largest aerospace companies in the US.