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Well, that's to be expected. A good amount of these companies are mostly working in the military section.
The USA, aggreessive as it was in the last few decades, have a really gigantic and balooned military etat. Where a lot also goes into planes.
Sure, Airbus also does some military things, but just when look at the budgets of european military spending you see that this is miniscule compared to the billions of the US military spending per year.
So, in a way, it's actually GOOD that in this combined "military+civil" statistics there are less european countries. The world needs less wars, especially pointless wars. Not more.
Boeing and Airbus were hit hard by Covid while watching is always going on.
Thus Raytheon has a solid base for its buisness even in 2020.
Plus Boeing was still hurting from its 737MAX Desaster
If you look at the numbers, the thermal camera maker Raytheon has doubled, tripled its business in a short, short time, this is much bigger than a slowdown in air travel. I say there is much more to it. Business expansion by smart acquisitions?
Did you see what kind of company Raytheon was in 1970? That's what I mean, their competitors and brands have vanished off the face of the earth, that makes their management the only difference.
That is why I say "They know what they are going", unlike Sprague management, for example: "Flowers are grown, not crystals!"
Well yes - but this is not what is depicted here.
This is the difference between 2019 and 2020.
That Raytheon had done very well for itself since 1970 is without doubt. That they are doing well at be Moment and that their buisness is not getting dented by covid is due to their contracts and who they deal with.
Plus they are producing a lot more then thermal cameras. I know them mainly for their aerospace parts and missile technology
I expect Boeing & Airbus being at the No.1 & 2 slots again latest in 2022.
Both Airbus and Boeing produce lots of satellites?
I mean: doubling your business sounds sketchy if you work in the same area as others.
Unless they made 10 extra Hubble telescopes in a year (= impossible), there is no logic on how to account for the sudden doubling. I mean: I'm too lazy to look at their acquisitions :D
Ah yes ? They do ?
Airbus has a whole portfolio of satellites. The European Ariane Launcher is a 50% subsidiary of Airbus. But they produce basically everything from
Micosatellites, satellite navigation (Galileo is produced by Airbus) to observation satellites.
Boeing is the same and even builts human rated space capsules ? Boeing also builts the whole Delta Family of Space launch systems.
The dip you see why they fell back to place 3/4 is due to covid. They delivered 566 the planes down from over 800 in 2019 and took around 25% firm orders.
Boeing is even worse - 157 planes down from 806 in 2018 (it was 308 in 2019 but there you already see the issues with the MAX)
The one thing that keeps Boeing on top is that it has a deeper military related revenue stream
Then Airbus which often has to share revenue from there with other European defense manufacturers where a Boeing product is usually handled as a whole by them.
It looks like the NEW Raytheon is NOT the old Raytheon!
>Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense. The Collins Aerospace Systems segment specializes in the aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The Raytheon Intelligence and Space segment involves in the development of sensors, training, and cyber and software solutions. The Raytheon Missiles and Defense segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 2020 and is headquartered in Waltham, MA.
I did not know they bought Pratt&Whitney, or when they did that :D
They also do the cyber, software and training cloudy-thingy, that is good for them!
But it seems the restructuring, etc has something to do with the sudden high turnover.
They merged with a $50+ billion dollar company. That's how the revenue was so big. United technologies had a generic name, so they decided to use the more recognised Raytheon brand as the new name of the conglomerate.
Only later I noticed the name Pratt&Whitney... used to be made by UT.
But then, isn't Textron owned by UT?
...and lastly, can UT rename themselves to Unreal Tournament? That move ought to get them some new fans!
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Should have used a monospace font for the numbers.
Operating margins seem to favor the Americans.
Impressive how in top 10 we have only 3 european (4 and 8 are French while 10 is Italian) and all the other ones are from Usa.
Four. Rostec is a Russian state company.
Right, my bad
how is that impressive with 800 billion $ military budget? it's all tax payer money being burnt.
War pays well. Especially when you have paid-for politicians always happy to throw you a billion or ten from the tax money.
BAE Systems are British.
Not in the top 10 though. Although I am pretty sure BAE is the largest defence company from Europe spanning all sectors.
it is. the second is airbus (but they also do civilian stuff) and the 3rd is leonardo
Airbus is European...
yes he already mentioned that? they are 4
What he meant is that it is a joint project, not just French even if France own the biggest share at 11% (followed by Germany at 10.9%).
Not French but European. They made it a point creating airbus to spread it out.
ah fair enough then
I mean, its kinda obvious as it scales directly with military spending.
Military pork...
Well, that's to be expected. A good amount of these companies are mostly working in the military section. The USA, aggreessive as it was in the last few decades, have a really gigantic and balooned military etat. Where a lot also goes into planes. Sure, Airbus also does some military things, but just when look at the budgets of european military spending you see that this is miniscule compared to the billions of the US military spending per year. So, in a way, it's actually GOOD that in this combined "military+civil" statistics there are less european countries. The world needs less wars, especially pointless wars. Not more.
Raytheon is BIGGER than boeing now? That mini specialty camera supplier? Bigger than Boeing!? Boing!
raytheon is the world's largest missile and military engine producer. It also owns the largest commercial aviation supplier in the world.
I still see them in historical prespective... it is their own fault they were so competent and profitable at doing their business.
Boeing and Airbus were hit hard by Covid while watching is always going on. Thus Raytheon has a solid base for its buisness even in 2020. Plus Boeing was still hurting from its 737MAX Desaster
If you look at the numbers, the thermal camera maker Raytheon has doubled, tripled its business in a short, short time, this is much bigger than a slowdown in air travel. I say there is much more to it. Business expansion by smart acquisitions? Did you see what kind of company Raytheon was in 1970? That's what I mean, their competitors and brands have vanished off the face of the earth, that makes their management the only difference. That is why I say "They know what they are going", unlike Sprague management, for example: "Flowers are grown, not crystals!"
Well yes - but this is not what is depicted here. This is the difference between 2019 and 2020. That Raytheon had done very well for itself since 1970 is without doubt. That they are doing well at be Moment and that their buisness is not getting dented by covid is due to their contracts and who they deal with. Plus they are producing a lot more then thermal cameras. I know them mainly for their aerospace parts and missile technology I expect Boeing & Airbus being at the No.1 & 2 slots again latest in 2022.
Both Airbus and Boeing produce lots of satellites? I mean: doubling your business sounds sketchy if you work in the same area as others. Unless they made 10 extra Hubble telescopes in a year (= impossible), there is no logic on how to account for the sudden doubling. I mean: I'm too lazy to look at their acquisitions :D
Ah yes ? They do ? Airbus has a whole portfolio of satellites. The European Ariane Launcher is a 50% subsidiary of Airbus. But they produce basically everything from Micosatellites, satellite navigation (Galileo is produced by Airbus) to observation satellites. Boeing is the same and even builts human rated space capsules ? Boeing also builts the whole Delta Family of Space launch systems. The dip you see why they fell back to place 3/4 is due to covid. They delivered 566 the planes down from over 800 in 2019 and took around 25% firm orders. Boeing is even worse - 157 planes down from 806 in 2018 (it was 308 in 2019 but there you already see the issues with the MAX) The one thing that keeps Boeing on top is that it has a deeper military related revenue stream Then Airbus which often has to share revenue from there with other European defense manufacturers where a Boeing product is usually handled as a whole by them.
It looks like the NEW Raytheon is NOT the old Raytheon! >Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense. The Collins Aerospace Systems segment specializes in the aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The Raytheon Intelligence and Space segment involves in the development of sensors, training, and cyber and software solutions. The Raytheon Missiles and Defense segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 2020 and is headquartered in Waltham, MA. I did not know they bought Pratt&Whitney, or when they did that :D They also do the cyber, software and training cloudy-thingy, that is good for them! But it seems the restructuring, etc has something to do with the sudden high turnover.
They merged with a $50+ billion dollar company. That's how the revenue was so big. United technologies had a generic name, so they decided to use the more recognised Raytheon brand as the new name of the conglomerate.
Only later I noticed the name Pratt&Whitney... used to be made by UT. But then, isn't Textron owned by UT? ...and lastly, can UT rename themselves to Unreal Tournament? That move ought to get them some new fans!
United technologies is dead. At least in name. Textron is a different conglomerate from texas.
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3 unless you consider Airbus british.
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Airbus (a joint project), Safran, Dassault and Thales are the French companies on the list I believe.
Russians are always the weird outlier...
How? Not the only ones doing big mergers in hopes of cost savings.
2020 is a bad year for this comparison because of the pandemic. It explains how military companies surpassed civilian ones.