Countries with the highest aerospace exports 2023
In 2023, the United States contributed some 124.9 billion U.S. dollars in aerospace exports. Thus, making it the leading country in terms of aerospace exports. The country is home to some of the leading manufacturers in the aerospace sector, including Boeing and Lockheed Martin.
United States defense and aerospace exports
During the recent two decades, global military spending increased exponentially, reaching over 2.2 trillion U.S. dollars in 2022. The U.S. aerospace and defense industry supplies the majority of the domestic and international demand for arms and military technologies. In terms of international comparison, many of the global leading aerospace and defense manufacturers are located in the U.S. As of 2021, six of the 12 leading aerospace and defense companies are based in the U.S. Thus, arms and military defense production makes up a remarkable proportion of the U.S. economy. Boeing Company, Raytheon Technologies, and Lockheed Martin are the top three leading U.S. defense technology supplier companies based on revenue in 2021.
Lockheed Martin
Lockheed Martin is a leading aerospace, security, military support producing company and largest defense contractor globally. The company is also the leading arms dealer and military equipment producer in the world. To keep its leading position, the defense technology supplier invested consistently on research and development, roughly 1.5 billion U.S. dollars in 2021. During recent years, the company experienced a huge growth path since international conflicts evolved and countries continue increasing their military expenditures. For instance, between 2000 and 2021, the revenue of the Lockheed Martin almost tripled, up from 25 billion U.S. dollars in 2000 to roughly 67 billion U.S. dollars in 2021. On the other hand, the operating profit of the company grew almost nine times during the same period, reaching 9.1 billion U.S. dollars in 2021. These indicate a strong growth pattern for the aerospace and defense supplier, Lockheed Martin.
