BOMBARDIER is the world’s 16th largest aerospace business, according to a PwC survey of global aerospace and defence suppliers.
A further three international companies with operations in Northern Ireland feature in the Top-100 aerospace and defence businesses, measured by worldwide revenues.
The PwC analysis says that profits across the Top-100 companies recovered in 2012 - growing 6% on 2011; and with average margins of 9.4%, the industry is delivering a higher level of profitability than a decade ago.
PwC says this reflects a combination of cost controls brought in during the recession and consolidation in the industry, which has enabled more smaller but more profitable new entrants to join the Top 100.
“Northern Ireland has won an international reputation for clustering aerospace and related businesses, with the local operations of the four firms in the Top-100 having a further level of smaller local suppliers,” said PwC partner Kevin MacAllister.
“The commercial, defence and aerospace industries are all represented in Northern Ireland and this performance should help promote the region as an ideal location for aerospace investors.”
Measured by annual sales, Bombardier ranks 16th in the Top-100, followed by Thales at number 18, with B/E Aerospace and Magellan Aerospace ranked 44th and 80th, respectively.
This is the 16th year that PwC have compiled the data, analysing data across the aerospace sector..
It is also the first year that Chinese and Russian companies have joined the rankings, with AVIC of China being named as the world’s 37th largest aerospace firm, measured by revenues.