SUPPLY CHAINS TO ADMIRE // 2022
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Aerospace and Defense Industry For 2022, Lockheed Martin places in the winner circle for the fourth consecutive year and is joined by the newcomer Northrop Grumman. With many ups and downs, margin decline of 30% while Inventory turns improvement is 25%. The industry transformed by Performance- Based Logistics continues to move from selling aircraft to providing service to fly.
Table 16. Industry Averages for the Aerospace Sector for the Period of 2012-2021
INDUSTRY: Aerospace & Defense
COMPANY INFORMATION
IMPROVEMENT
PERFORMANCE
VALUE
RETURN ON INVESTED CAPITAL
GROWTH (Year Over Year Revenue)
2021 REVENUE
SUPPLY CHAIN INDEX
INVENTORY TURNS
OPERATING MARGIN
PRICE TO BOOK
MARKET CAPITALIZATION
NAME
2012 - 2021
AAR Corp
$1,652
21
-0.2%
3.11
4.3%
2.9%
1.29
1,192
AIRBUS Group
$61,702
8
-0.3%
2.08
3.4%
13.8% 7.58
68,612
Astronics
$445
23
11.2%
3.67
7.1%
5.6%
3.34
881
BAE Systems
$26,856
13
-0.4%
8.79
8.2%
12.1% 4.49
22,606
BOEING
$62,286
24
0.0%
1.38
2.8%
24.1% 79.01
122,857
Bombadier
$6,085
5
-8.3%
2.36
2.6%
-4.5%
1.53
4,337
BWX Technologies
$2,124
7
-0.8%
14.49
12.2%
20.7% 11.85
4,015
Ducommun
$645
10
1.9%
4.22
6.1%
3.6%
1.37
375
Embraer
$4,197
14
3.6%
1.86
3.6%
0.2%
1.23
4,337
General Dynamics
$38,469
11
1.8%
4.43
11.8%
13.9% 3.58
45,746
Heico
$1,866
15
9.7%
2.86
19.9%
11.8% 5.53
7,585
Hexcel Corp
$1,325
22
0.7%
4.89
14.2%
11.0% 3.48
4,509
Kaman Aircraft
$709
16
-4.1%
3.01
6.9%
6.6%
2.18
1,338
L3 Technologies
$17,814
2
15.8%
6.88
14.5%
6.2%
3.53
20,139
Lear Corp
$19,263
6
3.5%
15.69
5.6%
15.5% 2.35
8,554
Lockheed Martin
$67,044
4
4.0%
13.76
12.1%
32.4% 99.70
74,806
Magellan Aerospace Corp
$688
25
0.6%
4.01
9.0%
8.2%
1.23
745
National Presto Industries
$356
16
-1.5%
2.77
14.9%
11.6% 1.77
607
Northrop Grumman
$35,667
3
3.3%
31.59
12.3%
15.6% 5.08
40,989
Raytheon
$64,388
8
3.5%
4.52
11.5%
8.1%
2.77
101,527
Spirit AeroSystems Holdings
$3,953
11
1.0%
3.77
2.6%
4.9%
4.66
6,132
TAT Technologies
$78
19
1.3%
1.91
1.7%
-0.2%
0.72
61
TransDigm Group
$4,798
20
15.7%
2.09
39.5%
6.4%
1.18
18,261
Woodward
$2,246
18
3.3%
3.50
11.9%
9.0%
3.13
4,743
MEAN WITH OUTLIERS
$17,694
2.7%
6.15
9.9%
10.0% 10.52
23,540
MEAN WITHOUT OUTLIERS
1.6%
5.05
8.7%
10.2% 3.40
19,469
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