The Aircraft and Aerospace Industry (AAI) is a growing global industry with increasing air passenger flows. There are a number of companies involved in this industry, including Lockheed Martin, Boeing, General Dynamics, and Northrop Grumman. Each of these companies offers a variety of services and products.
Lockheed Martin
Lockheed Martin is a global aerospace and defense company.
The company is mostly involved in military and commercial sales of aircraft, as
well as satellites and defense systems. Lockheed Martin also serves as a top
contractor for NASA. Its business is divided into four main divisions:
Aeronautics, Space Systems, Electronic Systems, and Global Services. In 2014,
the company generated $46 billion in revenue. Almost 80 percent of this revenue
came from contracts with the United States government.
Lockheed Martin is known for building some of the world's
most advanced military Aircraft
and Aerospace Industry. Its Aeronautics operating unit focuses on building
and supporting high-performance airlift and combat aircraft. It also develops
and manufactures advanced combat systems, including cruise missiles and
air-defense systems.
In addition to Aircraft and Aerospace Industry and missile
systems, the company has extensive experience in space research and development.
It was responsible for developing the first U-2 in nine months. It also built
the world's first turbojet airlifter.
Boeing
Boeing and the aerospace industry are pleading with the
federal government to help save the industry. While the aerospace industry is
suffering under a recession, Boeing has made some significant changes in the
past few years. The company has cut back on dividends and is suspending
executive pay for a period of time. The airline industry has also cut back on
flight schedules. Last week, the country's largest airlines requested $25
billion in government aid to avoid layoffs.
The aerospace industry has played an important role in space
exploration. Boeing built the first Lunar Orbiters in the 1960s and also the
Mariner 10 space probe in the 1970s, which captured the first pictures of the
surface of Mercury. Boeing also participated in the processing and ground
operations of the space shuttle fleet. In the late 1970s, Boeing made a
strategic pivot and began focusing on commercial sales overseas. The company
sold airplanes to airline customers in Egypt and Romania, as well as China and
Iraq.
Another challenge facing Boeing and the aerospace industry is
the lack of new orders. As airlines are struggling to keep their costs down,
they are unable to purchase new aircraft. Boeing has publicly acknowledged the
struggles of the industry. However, the COVID-19 outbreak has also had an
impact on the company. American Airlines, for example, was forced to fly its
first cargo-only flight in 36 years, affecting the company directly.
Northrop Grumman
Northrop Grumman, which is headquartered in Northrop,
Colorado, is a major aerospace company. They manufacture a wide variety of Aircraft
and Aerospace Industry components for other companies. Their main market is the
Air Force, which uses their unmanned drones. The company has over 90,000
employees and 550 locations across the U.S. and more than 25 other countries.
One of their major projects was a 40-foot mock-up lander submitted to NASA.
The company's product portfolio includes unmanned and
autonomous systems, electronics, and computer systems. The company has a long
history of working with the U.S. Air Force and other government agencies. It
also makes military radar systems, airborne fire-control radars, and electronic
countermeasures systems. Its other products include E-2C Hawkeye early warning
aircraft, unmanned drones, and decoy aircraft. It is also one of the largest
providers of airspace management systems.
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