Who is the world's largest aerospace company?

The world’s largest aerospace company, Raytheon Technologies Corporation, No. 109 on the list, booked $3.8 billion in profit and $64.3 billion in sales in the year ending April 2022. The Massachusetts-based company was founded by three Cambridge scientists who focused on new refrigeration technology before shifting gears.

How do aerospace companies make money?

The biggest aerospace companies in the world, such as Boeing or Lockheed Martin, do not manufacture just commercial aircraft, but military aircraft as well, and earning these defense contracts can earn the company billions of dollars in revenue.

How many aerospace companies have risen a year-on-year?

In the previous survey, just 19 companies saw their aerospace revenues rise year-on-year. In the latest version, 53 of the Top 100 recorded higher sales. However, the year continued to bring challenges. One of these loss-making companies was Boeing, although it did reduce its deficit while increasing turnover on 2020/2021.

What does the Aerospace Corporation do?

With the only federally funded research and development center dedicated to the space enterprise, The Aerospace Corporation helps fine-tune launch processes, develop satellite systems and troubleshoot problems with laboratory tests.