Aerospace/defense companies had a great 2021, along with most of manufacturing. All but four of the top 10 companies in the segment were profitable last year with many boasting high, double-digit profit margins. Boeing's losses are understandable given its 737 woes. However, that should turn around significantly this year as the jumbo jet maker has been cleared to resume shipments of those planes.
For more details on which businesses grew the fastest, read the story from IndustryWeek’s summer issue.
| Rank | Primary Industry | Name | 2021 Revenue (in millions) | 2021 Profit Margin | 2021 Net Income (in millions) | 2021 Revenue Growth |
| 18 | Aerospace & Defense | Lockheed Martin Corp. | $67,044 | 9.42% | $6,315 | 2.5% |
| 19 | Aircraft and Parts | Raytheon Technologies Corp. | $64,388 | 6.00% | $3,864 | 13.8% |
| 21 | Aerospace & Defense | Boeing Co. | $62,286 | -6.75% | -$4,202 | 7.1% |
| 42 | Aerospace & Defense | Northrop Grumman Corp. | $35,667 | 19.64% | $7,005 | -3.1% |
| 116 | Aerospace & Defense | Textron Inc. | $12,382 | 6.02% | $746 | 6.3% |
| 247 | Aerospace & Defense | TransDigm Group Inc. | $4,798 | 14.17% | $680 | -6.0% |
| 274 | Aerospace & Defense | Spirit AeroSystems Holdings Inc. | $3,953 | -13.68% | -$541 | 16.1% |
| 383 | Aerospace & Defense | Aerojet Rocketdyne Holdings Inc. | $2,188 | 6.57% | $144 | 5.6% |
| 388 | Aircraft and Parts | BWX Technologies Inc. | $2,124 | 14.40% | $306 | 0.0% |
| 410 | Aerospace & Defense | Triumph Group Inc. | $1,870 | -24.12% | -$451 | -35.5% |
Data provided by Seeking Alpha and S&P Global.
