29 SUPPLY CHAINS TO ADMIRE | 2023
29
Aerospace and Defense Industry
For 2023, Lockheed Martin places in the winner circle for the fifth consecutive year and is joined by Northrop Grumman, a winner for the second successive year. A newcomer is Huntington Ingalls Industries. This Company, a spin-off of Northrop, builds ships. With many ups and downs, the margin declined by 30% while inventory turns improved by 28%. The increase in defense spending drove growth. Table 16. Industry Averages for the Aerospace Sector for the Period of 2013-2022
INDUSTRY: Aerospace & Defense
IMPROVE- MENT
COMPANY INFORMATION
PERFORMANCE
VALUE
RETURN ON INVESTED CAPITAL
2022 REVENUE (MS)
SUPPLY CHAIN INDEX
GROWTH (Year Over Year Revenue)
FUNDAMENTAL AVERAGE SCORE
INVENTORY TURNS
OPERATING MARGIN
PRICE TO BOOK
MARKET CAP
NAME
2013 - 2022
Embraer
$4,540
9
3.7%
1.82
2.4%
-0.7%
6
1.15
4,019
General Dynamics
$39,407
5
2.6%
4.61
12.0%
15.2%
10
3.75
50,088
Heico
$2,208
8
9.8%
2.79
20.3%
11.3%
10
5.89
9,053
Hexcel Corp
$1,578
9
1.3%
4.77
13.7%
10.1%
8
3.55
4,735
Huntington Ingalls Industries
$10,676
1
4.8%
35.47
9.1%
16.0%
9
4.33
7,676
Kaman Aircraft
$688
24
-4.9%
2.99
6.0%
5.3%
8
2.03
1,303
L3 Technologies
$17,062
2
15.3%
7.25
13.9%
6.5%
8
3.44
23,557
Lear Corp
$20,892
12
4.0%
15.10
5.5%
12.5%
7
2.39
8,838
Lockheed Martin
$65,984
6
3.7%
14.19
12.4%
30.8%
8
24.81
84,593
Magellan Aerospace Corp
$765
20
1.6%
3.92
7.9%
6.8%
7
1.25
784
National Presto Industries
$322
18
-3.4%
2.49
14.5%
10.8%
6
1.74
608
Northrop Grumman
$36,602
11
4.0%
32.10
12.0%
16.0%
9
5.51
47,770
Raytheon
$67,074
20
3.5%
4.58
11.0%
7.4%
9
1.89
82,616
Spirit AeroSystems Holdings
$5,030
2
2.6%
3.89
2.1%
3.4%
6
4.53
6,200
TAT Technologies
$85
15
1.5%
1.88
1.0%
-0.2%
5
0.72
61
TransDigm Group
$5,429
16
12.9%
2.03
39.4%
6.2%
6
0.00
20,975
Woodward
$2,383
13
3.0%
3.53
11.5%
8.6%
10
3.19
5,059
MEAN WITH OUTLIERS
$17,914
2.7%
7.14
9.6%
9.5%
7.3
7.22
23,837
MEAN WITHOUT OUTLIERS
2.7%
4.82
8.4%
9.5%
7.3
3.13
21,388
Made with FlippingBook interactive PDF creator