After 50 successful years, Gulfstream is the world standard in business aviation. More than 2000 aircraft have been produced since it was incorporated in the late 50’s. The Gulfstream Aerospace Corporation evolved from Grumman Aircraft Engineering Company. Grumman was known for military aircraft until they developed their first marketable business aircraft, the Grumman Gulfstream 1.
Learn MorePratt & Whitney, a subsidiary of the multinational conglomerate United Technologies Corporation, is vying for dominance of the aircraft engine market alongside major competitors Rolls Royce and General Electric. As such, it has also formed joined ventures with these companies. It is working in conjunction with GE in a joint venture called Engine Alliance in which it is manufacturing engines for the Airbus 380. It is also working with International Aero Engines, a Rolls-Royce company, in a joint venture called MTU Aero Engines for the manufacturing of engines for the Airbus A320 and McDonnell Douglas MD-90 aircraft.
Learn MoreHoneywell Aerospace, a subsidiary of the larger American multinational conglomerate Honeywell International, expects considerable growth in its business jet industry in the foreseeable future. Between 2011 and 2021, Honeywell estimates approximate sales exceeding $230 billion from business jets alone, according to its 20th edition of the annual Business Aviation Outlook. Although this represents only a 2% increase from the company’s previous 10 year sales estimate which was forecasted in 2010, this still accounts for substantial growth in the saturated aviation market.
Learn MoreIt has become clear that the military industrial complex has become a very lucrative worldwide business, with $235 billion in arms being sold every year by large defense companies. The arms trade has reached every corner of the globe, with the United States in particular. Of the 100 top defense companies in the world, 47 of those are American companies. It can be said that making and selling weaponry has become a US specialty.
Learn MoreRolls Royce is the second largest manufacturer of aircraft engines in the world. The first aero engine produced was in 1914. By 1920, aeronautics engines generated most of their business. Nearly half the aircraft engines used in World War I by the allies were produced by Rolls Royce. Today, more than 30 types of commercial aircraft use Rolls-Royce engines. Nearly 13,000 engines are currently in service.
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