Largest Aerospace Vendors in the Greater OKC Region The Greater Oklahoma City region has a large and diverse group of firms engaged in federal aerospace contracting. Figure 24 lists the top 25 vendors to the Air Force, FAA, and NASA for contracts with a place of performance within the 10-county Greater Oklahoma City region in fiscal year 2024. The top 25 vendors were awarded 82% ($2.22 billion) of the $2.71 billion in total contracts issued by the Air Force, FAA, and NASA in the period. The average contract value for the top 25 vendors is almost $90 million but is heavily influenced by Boeing’s dominant share of total aerospace-related contracts. The remaining aerospace vendors received only 18% of total contracts with a combined value of $488 million in fiscal year 2024. Boeing remains the largest single contracting entity to the three federal agencies in the 10-county region and the largest single federal contractor in the state. Boeing’s total contract obligation value of $1.59 billion in fiscal year 2024 is up 43% from $1.11 billion in the 2020 aerospace report and up 150% from $629 million in the 2015 aerospace report. Boeing contracting also represents slightly more than half of all contracting performed for the Air Force, FAA, and NASA in the 10-county region in the period. It is also 30% of all contracting performed statewide for all federal agencies.
VIII. Economic Impact of Aerospace
The direct activity of the 338 aerospace establishments identified as operating in the Greater Oklahoma City region generates substantial economic ripple, or spillover, effects in other industry sectors across the region. High average wages, the capital-intensive nature of the industry, a substantial use of high-skilled labor, extensive training and education requirements, and the natural clustering of aerospace companies in the region all work to create strong economic linkages between the industry and the broader regional economy. 23 Measuring Economic Spillover Effects from Aerospace The spillover economic impact these aerospace establishments have on the region can be estimated in terms of additional jobs, labor income, and output of goods and services supported in other industries in the region. Economic impact multipliers are commonly used to estimate the effect of a change in economic activity in a given industry on the broader regional or national economy. 23 Caution must be exercised when using input-output multipliers to estimate the total economic activity “supported” by an existing industry or firm. Input-output multipliers are intended to predict the change in region-wide economic activity that results from an incremental change in a given industry within a regional economy.
Greater OKC Region Aerospace and Aviation - 2025
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