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Aerospace

US aerospace demand is being driven simultaneously by record commercial-aircraft backlogs and a Department of Defense modernization cycle covering bombers, ICBMs, submarines, and hypersonics. Most projects in this category are constrained by skilled-labor availability — welders, composite technicians, machinists — rather than by capital.

Projects
9
Investment
$7.14B
Jobs
8,290
Companies
7
States
8
Geographic Distribution

Projects across the country

Largest announced project
Aerospace

Northrop Grumman (B-21 Production)

Palmdale, California
Investment
$1.50B
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Largest employer by jobs
Aerospace

Northrop Grumman (B-21 Production)

Palmdale, California
Expected jobs
2,000
Open project →
Top investing states

Aerospace by state

  1. California
    1 projects
    2,000 jobs
    $1.50B
  2. North Carolina
    2 projects
    1,300 jobs
    $1.30B
  3. Florida
    1 projects
    800 jobs
    $1.00B
  4. Washington
    1 projects
    1,000 jobs
    $1.00B
  5. South Carolina
    1 projects
    500 jobs
    $1.00B
  6. Maryland
    1 projects
    1,100 jobs
    $600.0M
  7. Alabama
    1 projects
    1,000 jobs
    $600.0M
  8. Texas
    1 projects
    590 jobs
    $142.0M
Top companies

By announced investment

  1. Northrop Grumman
    2 projects
    3,100 jobs
    $2.10B
  2. Boeing
    2 projects
    1,500 jobs
    $2.00B
  3. Williams International
    1 projects
    800 jobs
    $1.00B
  4. GE Aerospace
    1 projects
    500 jobs
    $650.0M
  5. Pratt & Whitney
    1 projects
    800 jobs
    $650.0M
  6. Airbus
    1 projects
    1,000 jobs
    $600.0M
  7. Lockheed Martin
    1 projects
    590 jobs
    $142.0M
Timeline

Announcement chronology

  1. May 20, 2024Williams InternationalCrestview, Florida · Aerospace$1.00B
  2. Mar 11, 2024GE AerospaceAsheville, North Carolina · Aerospace$650.0M
  3. Sep 15, 2023Boeing (777X Composite Wing)Everett, Washington · Aerospace$1.00B
  4. Aug 15, 2023Lockheed MartinGrand Prairie, Texas · Aerospace$142.0M
  5. Jun 12, 2023Northrop Grumman (Sentinel ICBM)Linthicum, Maryland · Aerospace$600.0M
  6. May 4, 2023BoeingNorth Charleston, South Carolina · Aerospace$1.00B
  7. Dec 2, 2022Northrop Grumman (B-21 Production)Palmdale, California · Aerospace$1.50B
  8. Sep 19, 2022AirbusMobile, Alabama · Aerospace$600.0M
  9. Apr 21, 2022Pratt & Whitney (RTX)Asheville, North Carolina · Aerospace$650.0M
Every tracked project

Aerospace ledger · 9

CompanyIndustryLocationStatusInvestmentJobsAnnounced
Williams InternationalAerospaceCrestview, FloridaUnder Construction$1.00B800May 20, 2024
GE AerospaceAerospaceAsheville, North CarolinaUnder Construction$650.0M500Mar 11, 2024
Boeing (777X Composite Wing)AerospaceEverett, WashingtonOperational$1.00B1,000Sep 15, 2023
Lockheed MartinAerospaceGrand Prairie, TexasOperational$142.0M590Aug 15, 2023
Northrop Grumman (Sentinel ICBM)AerospaceLinthicum, MarylandUnder Construction$600.0M1,100Jun 12, 2023
BoeingAerospaceNorth Charleston, South CarolinaUnder Construction$1.00B500May 4, 2023
Northrop Grumman (B-21 Production)AerospacePalmdale, CaliforniaOperational$1.50B2,000Dec 2, 2022
AirbusAerospaceMobile, AlabamaUnder Construction$600.0M1,000Sep 19, 2022
Pratt & Whitney (RTX)AerospaceAsheville, North CarolinaOperational$650.0M800Apr 21, 2022
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