Industry Overview
Aerospace and defense manufacturers develop aircraft and spacecraft for the commercial sector, and military aircraft, spacecraft, missiles, tanks, and other products for the United States and other militaries. Nearly half of the aerospace and defense industry's revenue comes from the latter half of the equation. Within the United States, there is only one major aircraft manufacturer—Boeing. Its only domestic rival, McDonnell Douglass, was swallowed up by the maker of 747s in 1997. However, buying McDonnell Douglass didn't take out the competition—Europe's Airbus Industries has been steadily gaining market share in recent years and now ranks as the number-one aircraft manufacturer in the world.

Other companies manufacture aircraft parts—GE manufactures engines and Raytheon makes radar systems—but nearly half of all aerospace dollars come from the defense market (Hoover's). Lockheed Martin derives about 80 percent of its revenue from defense contracts with......

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Title: Aerospace Industry Analysis
Approximate Word Count: 1095
Approximate Pages: 5 (250 words per double-spaced page)

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