Last year was a weak one for aircraft manufacturers as the coronavirus pandemic and governments’ restrictions kept most of the airliner fleets on the ground. The two largest jet manufacturers, Airbus and Boeing, delivered 34 and 60 percent fewer aircraft in 2020 and reported the lowest volume of aircraft orders in more than a decade. While commercial aircraft production is not likely to recover this year, military aircraft are expected to play an important part. Worldwide, the sectors most likely to emerge as drivers of growth for the defense industry include intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) technologies, as well as the cybersecurity sector and the application of unmanned aerial vehicles (UAVs). The key contractors of military aircraft include Europe’s Airbus, as well as U.S.-based Boeing, Lockheed Martin, and Northrop Grumman.
Aerospace & Defense Manufacturing
Projected Aircraft Fleet Size
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HSS is a leading provider of fully integrated MRO support solutions for military and government aircraft. HSS offers scheduled depot maintenance, contract field deployment and unscheduled drop-in maintenance for a U.S. Department of Defense contract specifically for the sustainment of the U.S. Air Force (“USAF”) KC-10 fleet. The experienced workforce of HSS includes nearly 280 employees operating from two hangar locations in Greensboro, North Carolina.
EMCORE acquired all outstanding assets and liabilities of the L3Harris Space and Navigation business, including all L3Harris intellectual property rights primarily used in the Space and Navigation business, a 110,000 square foot leased production facility in Budd Lake, NJ, and associated production equipment.
Safran Aerosystems Arresting designs, manufactures and supplies mission-critical, fixed-wing aircraft emergency arresting systems.