There are various players in the aerospace and airline industry that makes it highly competitive but Boeing remains the frontrunner leaving all the other competitors far behind. Continued access to the world market has helped the company in realising its dream to remain on top in the aerospace ad defence industry.
Boeing has the distinction of being the largest manufacturers of global aerospace and in the year 2018 was declared as the second-largest contractor in the global arena based on its revenues of 101.1 billion dollars. It has spread its presence to one hundred and fifty countries in the world The Boeing Company or Boeing is a multinational company of American origin that was founded in the year 1916 by its founder William E Boeing. It is associated with defence and aerospace industry and deals in designing, selling and manufacturing aspects of military aircraft, satellites, commercial aircraft and space vehicles and launchers.
It also offers product support and leasing services to the interested parties. The company serves a worldwide market from its corporate base at Chicago in the United States.
Boeing is currently facing lots of competition from rival brands in all market segments. The Boeing competitors, on the other hand, are hell-bent on building a strategic presence in the aerospace industry and are strengthening and building their presence with some remarkable product and service portfolio.
Some of them have even teamed up with other rival brands to increase their market share and address specific client requirements. Let me give you a rundown of some of the Boeing competitors that will help you to gather more information about them.
1. Airbus | Boeing Competitors
In the year 2019 Airbus was declared as the largest manufacturer of the airliner in the world and thus became worthy of being the strongest Boeing competitor. It serves the world via three divisions Helicopters, Defense and Space and Commercial Aircraft. The division of Helicopters has been declared as the largest in this sector based on turbine helicopter deliveries and revenues.
Airbus is a European corporation that is registered in the Netherlands. It was founded in the year 1970 and serves a worldwide area via headquarters base at Leiden in Netherlands and international office at Barcelona in Spain. The company is associated with the defence and aerospace industry and deals in selling, manufacturing and designing of military and civil aerospace products and aircraft.
With revenues of 70.5 billion Euros at the end of the fiscal year 2018, Airbus has managed to create a distinctive place for itself in this industry. Its exemplary product portfolio includes Airbus A320, the digital fly-by-wire and first commercially viable airliner and Airbus A380 that is acclaimed as the largest passenger airliner in the world. Its other products include Airbus A220, Airbus A350, Airbus A321 etc.
2. Lockheed Martin
With 110,000 employees as of January 2020, Lockheed Revenues is one of the biggest Boeing competitors in the world. It operates in four segments Space, Aeronautics, RMS or Rotary and Mission Systems and MFC or Missiles and Fire Control. Airbus is the recipient of Collier Trophy for six times. Lockheed Martin recorded annual sales of 21.2 billion dollars and revenues of 53.76 billion US dollars at the end of the fiscal year 2018 to make it one of the prime players in its sector.
Lockheed Martin Corporation is a global company of American origin. It was founded in the year 1995 after merging Martin Marietta and Lockheed Corporation. It currently operates in the global arena with the US defence department as its main client via headquarters base at Bethesda in the United States.
The company is associated with several industries like defence, aerospace, information security and advanced technologies. It also invests in healthcare systems, compact nuclear fusion, intelligent energy distribution and renewable energy systems. The product portfolio of Lockheed Martin includes ATC systems, combat systems, satellites, electronic warfare systems, ballistic missiles, robotic systems and radar technologies to name a few and some of its notable aircraft are Black Hawk, F-22 Raptor ad F-16 Falcon.
3. Bombardier Inc | Boeing Competitors
Bombardier Inc has gained immense popularity because of its quality products making it a strong Boeing competitor. It has engineering as well as production sites in nearly twenty-eight countries. Its commercial aircraft division managed to sell nineteen hundred units in nearly ninety countries which in itself is a remarkable feat. By the end of the fiscal year, 2018 Bombardier Inc registered its revenues at 16.24 billion US dollars.
Bombardier Inc is a multinational company of Canadian origin. It was founded in the year 1942 by its founder Joseph-Armand Bombardier. It currently operates via headquarters base at Montreal in Canada. The global company is associated with aerospace and railways industry and deals in manufacturing of business jets and high-speed trains.
Bombardier Inc deals in manufacturing of Learjet 70/75 series, Bombardier Challenger 300 series, Bombardier Challenger 600, Bombardier Global Express series and Bombardier Global 7500. It has gained recognition as Global 100 Most Sustainable Corporations in the World Index.
4. General Dynamics | Boeing Competitors
General Dynamics has put its focus on improving performances and delivering value and sustaining superior product qualities. Its order intake has placed the company in a powerful position making it one of the strongest Boeing competitors in the field.
The company has nearly one lakh employees in its fold working worldwide. It posted its revenues at 39.4 billion dollars at the end of the fiscal year 2019 and was ranked at 92 positions in the 2019 Fortune 500 list. General dynamics was declared in the year 2019 as the fifth-largest defence contractor in the United States and sixth-largest in terms of sale in the world.
General Dynamics is a global company of American origin. It was founded in the year 1899 by its founder John Phillip Holland. The international company is associated with aerospace, shipbuilding and defence. It offers a broad portfolio of products and services in IT services, weapon system and munitions, combat vehicles; ship repairing, shipbuilding, tanks, watercraft, command and control, communications systems, rotary cannons and aviation.
Raytheon is one of the major industrial corporations and defence contractor in the world as it deals in core manufacturing in commercial electronics, military and weapons. The company is the largest producer in the world of guided missiles and boasts of nearly 90% of its revenues from military contracts. In the year 2012, it was declared as the fifth-largest military contractor in the world. With the help of nearly sixty-seven thousand employees and revenues at 27.1 billion dollars at the end of the fiscal year 2018, it has proved itself as a major Boeing competitor.
Raytheon is an American origin company that was founded in the year 1922 by its founders Charles G Smith, Laurence K Marshall and Vannevar Bush. In the year 2018, it merged with the aerospace company of United Technologies to get a firm grip on the market and increase its market share. It has a worldwide presence and operates from headquarters based at Waltham in the United States.
Raytheon is associated with aerospace and defence industry and deals in air traffic control system like STARS, radars and sensors like APG-84 RACR radar, satellite sensors like VIIRS, semiconductors, communications like UCS, radioactive material detection system ad missiles like AGM-154 Joint Standoff Weapon.
6. Northrop Grumman Corporation | Boeing Competitors
With more than eighty-five thousand employees in the year 2019 and revenues of 30.1 billion US dollars at the end of the fiscal year 2018, Northrop Grumman Corporation is one of the major players in the industry and a worthy Boeing competitor. This technology company boasts of being one of the largest providers of military technology ad manufacturers of weapons in the world. In the 2020 Fortune 500 list, it occupies the 108th position and is the recipient of Collier Trophy for eight times.
Northrop Grumman Corporation is an American origin company that was founded in the year 1944 by its co-founders Leroy Grumman and Jack Northrop. It has a worldwide presence and operates from headquarters based at Virginia in the United States.
Northrop Grumman Corporation is associated with the defence industry and deals in a broad range of product portfolio that includes rocket launch systems, IT, satellites and space, electronic sensors and systems, chain gun, auto-cannons, munitions, missile defence systems, military vessels, military aircraft, missiles and unmanned aerial vehicles.
7. BAE Systems
BAE Systems is amongst the largest defence companies in the world and the largest contractor in Europe. With revenues of 18.31 billion dollars at the end of the fiscal year 2019, sales at an estimated 24 billion dollars, presence in nearly forty countries and employees count of nearly eighty-five thousand and five hundred it is one of the major Boeing competitors in the world.
BAE Systems is a multinational company of British origin that was founded in the year 1999 after merging British Aerospace and Marconi Electronic Systems. It has a worldwide presence with the largest operations in the United States and the United Kingdom. The other major markets of BAE Systems are India, Australia and Saudi Arabia. The operations are handled from headquarters base at London in the United Kingdom.
BAE Systems is associated with aerospace, information security and arms industry and deals in various products like land warfare systems, munitions, naval vessels, defence electronics, military and civil aerospace. It also has dealings in consultancy, training and maintenance services.
8. Embraer | Boeing Competitors
Embraer is an aerospace conglomerate that is credited for being the third-largest producer after Boeing and Airbus of civil aircraft in the market. The company has entered into a joint venture by the name of Boeing Brasil-Commercial to market E-Jet E2 and E-Jet series that includes twin-engine, short to medium range jet airliners. The ownership share of Boeing and Embraer is 80% and 20% respectively.
Embraer is a Brazilian origin company that was founded in the year 1969 by its founder Ozires Silva. This worldwide company operates from headquarters based at Sao Jose dos Campos in Brazil. It has posted its revenues at 19.8 billion dollars by the end of the fiscal year 2017 and is considered one of the Boeing competitors in the world.
Embraer is associated with defence and aerospace industry and deals in various products like military, business and commercial aircraft, its parts, and mission systems for ground and air operations. It also provides aeronautical services to the interested parties.
9. Commercial Aircraft Corporation of China Ltd or COMAC
Commercial Aircraft Corporation of China Ltd is a state-owned manufacturer with a registered capital of 19 billion RMB. It was created as a Boeing competitor to reduce the dependency of the country on Boeing and Airbus. In the year 2011, CORMAC signed an agreement with Bombardier for strategic cooperation of commercial aircraft. The products included in it are Comac C919, Bombardier Q-Series etc.
Commercial Aircraft Corporation of China Ltd is simply known as Comac and as the name suggest is a Chinese origin company that was founded in the year 2008. It operates from headquarters based at Pudong in Shanghai.
Commercial Aircraft Corporation of China Ltd is associated with construction and designing of large passenger aircraft that has a capacity exceeding one hundred and fifty passengers. The first jet that the company sold was ARJ21 followed by C919 that made its first flight in 2017 with a capacity of one hundred and sixty-eight passengers.
10. United Aircraft Corporation or UAC
United Aircraft Corporation is simply known as UAC and is a Russian origin company created as a Boeing competitor. It is a recent company that was founded in the year 2006 by Vladimir Putin in a presidential decree.
United Aircraft Corporation operates from headquarters based at Krasnoselsky District in Moscow. The majority stakeholder of this corporation is the Russian government who tries to consolidate the position of private and state-owned companies through this entity.
United Aircraft Corporation is associated with aerospace and defence industry and deals in designing, selling and manufacturing of unmanned, transport, civilian and military aircraft.
11. United Technologies Corporation or UTC | Boeing Competitors
With the number of employees exceeding the count of 240,000 and revenues at the end of the fiscal year at 66.501 billion dollars, United Technologies Corporation is considered a strong Boeing competitor. It is one of the largest military contractors that earn nearly 10% of its revenues from the United States government. The company strongly believes in philanthropy activities and is one of the major contributors to several museums, for instance, New England Air Museum.
United Technologies Corporation is often addressed as UTC. It is an American origin company that was founded in the year 1934 by its founder Fredrick Rentschler. This Boeing competitor is known throughout the world for its aeronautical products and is a key company with the onus on exceptional products and impeccable services. Its presence has spread to more than twenty-five countries with working and operations in one hundred and fifty sites.
United Technologies Corporation is a multinational conglomerate that operates from its headquarters base at Farmington in the United States. It is associated with manufacturing, developing and researching products in areas like aerospace, aircraft engine, escalators, elevators, HVAC, security and fire, industrial products, building automation etc.
Boeing is a name that is revered in the international arena. It faces stiff competition from numerous players who are dedicatedly trying to increase their market share no matter what the cost. The rival companies have access to the same set of suppliers and clients and are offering competitive products at a reasonable price frame to enter these horizons and make a name for themselves.