Top 10 Aerospace and Defense Companies in Europe in 2021 by Revenue
Airbus SE, ThyssenKrupp AG, BAE Systems Plc, Thales SA, and Safran SA are the top 5 aerospace and defense companies in Europe in 2021 by revenue. In aggregate, the top 10 aerospace and defense companies in Europe generated revenues of $216,853 million with average revenue growth of 10.5%. 9 of the top 10 companies reported revenue growth in 2021 except Safran SA (-5.6%), with the highest growth being registered by Dassault Aviation SA (32%) followed by ThyssenKrupp AG (19.9%), and the lowest growth was registered by Melrose Industries PLC (3.5%). In terms of the geographic split, 3 out of 10 of Europe's top aerospace and defense companies are based in the United Kingdom, 3 companies are based in France, while the remaining are based in Netherlands, Germany, and Italy. They employed a total of 649,426 people in 2021. Netherlands-based Airbus SE is the leading aerospace and defense company in Europe (by revenue). The company reported revenues of $61,664 million for the fiscal year ended December 2021 (FY2021), an increase of 8.4% over FY2020 due to the total order backlog standing at 7,082 commercial aircraft to 88 customers and a total of 20,883 aircraft had been ordered of which 13,801 aircrafts delivered to operators worldwide. The company provides aeronautics, defense, and space-related services. It manufactures commercial aircraft, passenger aircraft, helicopters, corporate jets, unmanned aerial systems, and freighter aircraft. R&D activities focus on the development of new products and services and the improvement of existing products. The company intends to develop autonomously connected, and zero-emission to shape the future of aerospace. Airbus employed 127,120 people in 2021. Germany based ThyssenKrupp AG is one of the leading aerospace and defense companies in Europe region (by revenue). It is an industrial conglomerate, which has presence in automotive, steel and related processing, trading, construction, engineering, public sector, energy and utilities, packaging and other customer sectors. It offers steel products, components technology solutions and marine systems among others. The company reported revenue of EUR4,518 million for FY2021, which grew 10.8% YoY, and reported a negative CAGR of 8.6% during 2019-21.