Feb. 24, 2021, 1:48 p.m.
World’s Largest Aerospace and Defense Companies
The Aerospace and Defense sector, as its name denotes, serves two industries: Aerospace and Defense. The Aerospace sector includes the manufacture, sale, and service of commercial aircraft, while the Defense sector comprises the design and production of military weapons and systems to operate on land, sea, and air. The Aerospace and Defense sector also involves general aircraft and space satellite production for commercial and military purposes.
Current State of the Aerospace and Defense Industry
The COVID-19 pandemic has severely affected the commercial aerospace industry by causing a dramatic decrease in passenger traffic, affecting the overall aircraft demand. However, the commercial ae