Below you can see the list of top 5 largest aerospace companies in the US. For our discussion and a more comprehensive list please see this article.
5. Wesco International (NYSE:WCC)
Revenue in 2019 (in billions of dollars): 8.18
Revenue in 2018 (in billions of dollars): 8.4
Wesco International is a Fortune 500 company located in Pittsburgh, Pennsylvania and is an electrical distribution and services company. The company was founded 98 years ago in 1922, and the company was listed in 1999. In addition to distribution services, the company also engages in manufacturing and its total revenue was $17 billion for 2019. The company has over 150,000 customers and 30,000 suppliers, while also employing 18,000 people. The company has 10 fully automated distribution centers while it also has 500 branches in America as well as internationally.
4. W.W. Grainger (NYSE:GWW)
Revenue in 2019 (in billions of dollars): 11.2
Revenue in 2018 (in billions of dollars): 11.7
Only the second US distribution company to make revenue in 11 figures is W.W. Grainger. The company was founded back in 1927 and celebrated its 93rd birthday this year. The company employs over 25,000 and had operating profits of $849 million in the latest year. It has nearly 3 million customers and is an industrial supply company engaged in supplying fasteners, tools, motors and lighting among many other offerings. In addition to an online presence, it also has a network consisting of 598 branches and 33 distribution services, which are integral in keeping up with the myriad customers that the company has.
During Covid, the company did attract negative publicity after being accused of price gouging, where the price of surgical masks had increased from $0.17 to $1, even though the company stated that the price increase was led by its suppliers. Later on, there was a partnership between Grainger, Tyvek, Dupont and the government was organized to ensure a smooth process of obtaining important material from other countries. In fact, the shipping time from the US to Vietnam and back was reduced from 90 days to just 10 days after this partnership went into effect.