Top 10 Aerospace and Defense Companies in the RoW in 2021 by Revenue

Bombardier Inc, Elbit Systems Ltd, Embraer SA, Israel Aerospace Industries Ltd, and Rafael Advanced Defense Systems Ltd are the top 5 aerospace and defense companies in the RoW in 2021 by revenue. In aggregate, the top 10 aerospace and defense companies in the Rest of the World (RoW) generated revenues of $28,308 million with average revenue growth of 4.8% for the 7 companies. 4 of the top 10 companies had a revenue decline in 2021, with the highest revenue growth being registered by Forjas Taurus SA (47.4%) followed by Elbit Systems Ltd (13.2%), while Bombardier Inc (-6.2%) reported a decline in revenues. In terms of the geographic split, 4 out of 10 of the top aerospace and defense companies in the RoW are based in Israel and 2 companies are based in Canada, while the remaining are based in Brazil, South Africa, and Turkey. They employed a total of 97,331 people in 2021. Canada-based Bombardier Inc is the leading aerospace and defense company in the RoW (by revenue). The company reported revenues of $6,085 million for the fiscal year ended December 2021 (FY2021), a revenue decline of 6.2%, due to outlined major initiatives that included maturing the Global 7500 aircraft’s margin contribution, recurring efficiencies through programs like Operational Excellence that shore-up our bottom line, growing services network both in size and as a proportion of revenues. The company manufactures and markets regional airliners, business jets including business and commercial aircraft, and related services with two leading aircraft families including global and challenger. It offers maintenance services, aftermarket services, and training programs. In FY2021, the company incurred an expenditure of US$71 million on R&D, which as a percentage of revenue stood at 1.1%. Israel based Elbit Systems Ltd is one of the leading aerospace and defense companies in the RoW region (by revenue). It designs, manufactures, and distributes a range of defense systems and equipment for land, air, naval, and homeland security applications. It provides aerostructures and systems for the commercial aviation market. The company reported revenue of US$2,005.8 million for FY2021, which grew 21.5% YoY, and recorded a CAGR of 12.1% during 2017-21. Airborne Systems accounted for 38.0% of the company's revenue in FY2021.