Aerospace & Defense Parts Manufacturing Industry Overview

Companies that manufacture parts, components, and systems for aerospace and/or defense products.

Full Aerospace & Defense Parts Manufacturing Industry Description

Emergence of “Micro Jet” Airplanes

Several companies are introducing smaller, more affordable planes designed to provide passengers more efficient travel. This emerging market is driven primarily by business travelers' dissatisfaction with flying conditions, large airports, and increased security. Several new aerospace companies have introduced air taxi services that transport travelers from point to point, avoiding commercial aviation’s hub-and-spoke system. Eclipse Aviation, Honda Motor Company, and Safire Aircraft have all tested micro jets that seat four to eight and two crew members and are more affordable than commercially available jets.

Full Aerospace & Defense Parts Manufacturing Industry Trends

• Environmental Tectonics Corporation
• Finmeccanica SpA
• FLIR Systems, Inc.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Aerospace & Defense Parts Manufacturing maps to a number of NAICS codes including:

Full Aerospace & Defense Parts Manufacturing Industry Codes

• Aerospace Industries Association
  
• American Institute of Aeronautics and Astronautics
  
• International Association of Machinists and Aerospace Workers
  

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