Space, missions, and defense companies to follow in 2023 is among the hot topics that you should be aware of these days. It can tell you how they play a crucial part in global security.
Companies and providers in this industry manufacture cutting-edge weapons and tools necessary for national defense and intelligence, which includes products and services for commercial planes, jet fighters, rockets, satellites, and many more.
5 Interesting Space, Missions, and Defense Companies to Follow in 2023
Note: The following list of Space, Missions, And Defense Companies is ranked in no particular order. The selection criteria are based on various factors, including market capitalization, revenue, and overall industry impact. While they are highly regarded in the industry, plenty of other companies also offer exceptional products and services.
Lockheed Martin Space
Lockheed Martin is a well-known global aerospace and defense firm headquartered in Bethesda, Maryland. The defense contractor focuses on the research, design, development, production, integration, and maintenance of advanced technological systems. Lockheed Martin’s business segments include Space, Aeronautics, Missiles and Fire Control, and Rotary and Mission Systems.
Through its partnerships with the government and commercial clients, Lockheed Martin has developed cutting-edge technologies that have propelled the company to the forefront of the space industry. Lockheed Martin Space division has the capabilities to build, design, and evaluate deep space and lunar exploration equipment. The company’s notable projects include NASA’s Orion spacecraft and GOES-R weather satellites.
Lockheed Martin collaborates with government and commercial customers to develop groundbreaking space technologies that advance space exploration. In 2021, NASA chose Lockheed Martin Space to develop, manufacture, and operate Lucy, Jupiter’s Trojan asteroid’s first mission. This mission is a 12-year expedition to eight asteroids that will be accomplished in 2033. At the same time, the company received a $4.9 billion contract to produce missile-warning satellites that will be useful for U.S. Space Force activities—announced in January 2021 and will end by May 2028.
Karman Space & Defense
Karman Space & Defense provides comprehensive solutions for the space and defense industries’ most intricate and mission-critical systems. These solutions span the whole development process, from idea and concept to manufacturing and production.
Karman is based in Huntington Beach, California, and has offices in Washington, Alabama, and Washington, D.C. It has been in business for many years and has industry-leading skills and technologies. The company has four primary business segments providing effective solution delivery that minimizes the risks and challenges of working with several suppliers. The four prominent Karman divisions are AAE Aerospace, AEC, AMRO, and Systima.
Systima $46B Digital Engineering Support
Systima Technologies, a Karman Space & Defense subsidiary, is one of the 55 awardees of the $46 billion contract from the Office of Naval Research. The contract involves model-based systems engineering, enterprise analytics, weapon analytics, agile procedures, digital engineering, and open systems architecture. Work will occur on different headquarters of the vendors until September 6, 2032.
Aegis Aerospace Inc. provides civil and commercial space and defense industries with a full range of services, including engineering, product development, and flight services. The aerospace company was founded in 2021 through the merger of MEIT and Alpha Space. Both companies are renowned for delivering space-related products and services and IT and cybersecurity solutions to the government and commercial sectors. Since then, it has become one of the world’s leading retail space and defense firms.
Besides contract vehicles, Aegis Aerospace works with space and defense, commercial space, and product development. Aegis’ space and defense help warfighters defend the country and expand its global reach by providing skilled workers and practical solutions. The commercial space business works with DoD and civil customers, offering a unique STaaS™ business model and integrating spaceflights. The company’s product development services include Operations Control Center development, product assembly and test, and mechanical and avionics system design.
Bringing Innovative Approach
Aegis Aerospace is one of the companies that received the $900 million contract from the U.S. Air Force in December 2022. The contractors will provide innovative multi-domain systems approaches for the Air Force’s activities, such as prototyping, testing, and capability transitioning until December 2032.
Collins Aerospace provides cutting-edge products and services to the aerospace and aviation industries. As a well-known government contractor, Collins Aerospace has won contracts from several federal departments. The US government spends millions yearly on the firm’s services, including commercial and business aviation, advanced defense and military technology, and creative space mission technologies.
Collins Aerospace is Raytheon Technologies’ aerospace division and a market leader in the space, mission, and defense sectors. Collins Aerospace was the pioneer of thermoplastic composites for airplane construction. Thermoplastic composites have made a significant difference in the aircraft industry recently.
Collins Aerospace has proven its capabilities in contracts with the government agencies like the DoD, the U.S. Coast Guard, and the Defense Logistics Agency. It has consistently provided the most advanced aircraft and technologies for homeland security, establishing its position as a leading provider of aerospace systems.
One remarkable Collins Aerospace contract includes the second full-rate production order for HMS PRC-162 software-defined ground radios from the U.S. Army. The firm-fixed-price contract has a value of $12.7 billion for manpack radios, accessories, and related services until March 2026.
The Boeing Company is recognized as a forerunner in the aerospace sector. The company is highly skilled in the areas of designing aircraft, producing aircraft, and providing maintenance to customers in over 150 countries.
Boeing offers a wide variety of space, mission, and defense services, including commercial airplanes, defense systems, and commercial and government aircraft services. The company is renowned for producing effectively integrated products that help clients address global challenges.
Mission-Ready Defense Solutions
The government invests billions of dollars in Boeing’s government contracts to acquire mission-ready equipment, like rockets, satellites, rotorcraft, and telecommunications equipment. One of the company’s notable, ongoing, and big-budget contracts is the DoD Transport Aircraft Support, awarded in September 2021 until September 2024. The $23.8 billion-dollar contract includes C-17 Globemaster III transport aircraft fleet support and assistance for a fleet of 275 aircraft, including engineering, field services, and inventory management.