Business News of Thursday, 17 October 2024
Source: businessinsiderafrica
The global aircraft manufacturing industry, valued at over $400 billion, is a key driver of innovation and economic growth, contributing 4.1% to global GDP.
The top 10 manufacturers by market capitalization include industry giants like Airbus ($136.53B), Boeing ($121.1B), and Lockheed Martin ($104.61B), with the U.S. dominating the rankings.
Africa's aviation sector, though absent from this list, contributes $55.8 billion to the continent’s economy, with South Africa playing a significant role in aircraft parts manufacturing and serving major global firms like Boeing and Airbus.