Aircraft Parts Manufacturing - Boeing and Airbus have a significant market share in the supply of military aircraft, particularly to the United States. Their competition in this market includes Lockheed Martin. Just under half of Boeing's revenues came from U.S. government contracts in 2021. Only 20% of Airbus' revenues came from defense contracts in 2020.
Is a combined design and production approval for modification and replacement articles. It allows a manufacturer to produce and sell these articles for installation on type certified products. Federal Aviation Administration Orders 8110.42 and 8120.22 prescribe the approval procedures for FAA personnel and guides applicants in the approval process.
Aircraft Parts Manufacturing
Secure .gov websites use HTTPS A lock ( LockA locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites. Less well-known makers of large passenger airplanes are attempting to build a bigger presence on the world's stage.
Military Airplane Manufacturers
In addition, there are regional airplane manufacturers with an established foothold as makers of smaller jets. Then, there are those companies that supply essential components to the aircraft makers. The airplane manufacturing market is part of the overall airline industry.
The global market's estimated value was $413.51 billion in 2021. Companies in this market are involved in the manufacturing of airplanes and their components, including engines and propulsion systems. Boeing and Airbus are the world's only major large passenger aircraft manufacturers.
The two companies share almost exclusive control of the worldwide airplane supply business for large commercial jets. Their established brands are Boeing's 7-series and Airbus's A-series of jets. These aircraft include narrow-body aircraft, wide-body aircraft, and jumbo jets.
On a global scale, competition with Boeing and Airbus is difficult. However, newer airline suppliers Comac in China, Mitsubishi in Japan, and UAC in Russia are working on a series of new wide-body jets in a joint venture.
The Airplane Manufacturing Market
They hope to eventually become a legitimate competitor that can take on the dominance of Boeing and Airbus in the large-jet space. Although the airline industry overall is an extremely competitive market, there is little competition among its suppliers of aircraft.
In the large commercial aircraft market of the airline supply business, the major players are American-based Boeing (BA) and the Airbus Group, formerly known as the European Aeronautic Defense and Space Company (EADS).
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