Beruflich Dokumente
Kultur Dokumente
Cover story
16%
11%
14%
14%
-1%
16%
14%
12%
12%
11%
7%
24%
8%
781
21,244
3,433
5,021
4,695
7,826
42,752
9,295
7,184
149,702
11,904
13,615
2,224
0%
8%
8%
1,421
27,653
10,497
53%
32
18%
2,856
3,933
206
0%
1,980
-4%
865
3%
4,175
71%
249
5%
3,205
914
-117
7%
4,124
3,000
142
7%
2,509
1,703
3,409
139
334
338
914
2,573
16,353
925
1449
5182
576
495
1,944
146
606
333
431
229
548
1,687
8%
10%
-44
3,807
-5%
125
76
589
198
325
762
242
2,149
255
474
21,894
21%
163%
6,722
-9%
3,351
2,309
2%
5,126
11%
27%
28,023
5,877
17%
3,345
5,315
4%
5,550
241
-7%
18%
5,784
381
355
710
2,178
351
365
609
1113
994
2,986
-213
72
250
264
3,545
4,959
2%
4,010
4,999
5%
4,131
3%
7%
6,820
2%
7%
10,580
6,042
9%
11,672
30,721
5%
-1%
37,213
4%
3%
6,373
-3%
15%
658
3,825
3,341
60
-51%
27,275
1,027
2,868
8%
12%
42,522
3,890
-2,510
1%
1,432
47%
8%
22,651
2,812
1,403
5%
54,845
15%
15%
1,144%
74%
109%
13%
42%
58%
15%
-3%
18%
34%
20%
20%
-15%
10%
26%
0%
125%
-3%
7%
22%
-1%
16%
31%
22%
0%
27%
15%
-11%
-16%
1,230%
16%
15%
15%
-38%
19%
18%
6%
9%
23%
9%
25%
15%
11%
43%
544%
-11%
5%
85%
20%
17%
33%
90%
40%
growth
1,479
2,974
11
193
162
29
146
578
2,238
16,819
783
1,083
4,301
718
292
522
393
1,941
-40
63
151
568
274
436
198
417
1,388
-64
-15
469
174
368
911
18
1,862
222
412
389
321
301
670
2,006
285
334
489
969
899
2,089
11
281
250
32
2,387
3,025
-1,671
2,925
753
2,007
2004
30,791
growth
2005
15.2%
11.6%
0.8%
7.5%
9.2%
3.0%
7.0%
5.3%
20.2%
12.5%
12.2%
13.1%
11.5%
10.7%
6.2%
11.8%
13.0%
10.2%
-5.9%
2.6%
7.6%
14.0%
9.0%
11.3%
8.5%
12.1%
6.9%
-47.9%
-1.7%
8.4%
4.7%
6.9%
17.4%
0.5%
7.7%
6.9%
8.8%
6.2%
6.9%
6.2%
11.3%
6.7%
7.5%
8.7%
7.7%
10.0%
7.6%
5.9%
0.3%
4.6%
7.5%
2.4%
9.8%
7.7%
-175.0%
9.6%
3.6%
3.8%
2004
Capital
21,864
10,794
30,580
12,684
18,481
21,064
26,240
18,316
48,112
31,870
employed
www.ightglobal.com
16.2%
12.3%
9.8%
8.5%
11.3%
3.5%
9.3%
6.7%
21.6%
10.9%
12.9%
15.6%
12.1%
11.1%
5.3%
11.5%
14.4%
9.2%
-15.0%
5.0%
7.4%
14.5%
10.4%
10.5%
9.1%
14.4%
7.7%
-34.8%
3.3%
8.8%
5.9%
5.5%
14.3%
4.7%
7.7%
7.6%
8.5%
4.2%
7.7%
7.1%
11.8%
7.1%
8.8%
8.8%
8.9%
10.5%
8.5%
8.0%
-20.7%
2.2%
3.9%
6.9%
9.1%
10.5%
8.3%
-178.9%
12.6%
6.3%
5.1%
2005
Operating margin
13%
8%
16%
16%
7%
12%
7%
12%
5%
6%
Personnel
116,000
4,104
19,786
8,531
3,194
11,198
56,603
31,600
222,200
72,200
79,900
100,100
123,600
135,000
113,210
153,000
2005 headcount
www.ightglobal.com
16%
8%
17%
15%
9%
10%
8%
16%
7%
9%
2004
ROCE (%)
2005
6%
-1%
57%
-5%
-2%
4%
15%
-90%
6%
3%
1%
37%
-1%
4%
2%
-4%
growth
238,388
346,219
198,788
351,616
286,065
198,601
240,528
4,737,405
192,403
294,238
274,018
279,946
248,552
275,652
375,603
358,464
2005
6%
-1%
57%
-5%
-2%
4%
15%
-90%
6%
3%
1%
37%
-1%
4%
2%
-4%
growth
Includes Eurosystems
16/8/06 2:23:47 pm
Includes acquisitions of Sytex Group, Stasys, Coherent Technologies and Insys Group
Includes acquisition of Nokias PMR arm and acquisition of Atlas Elektronik with ThyssenKrupp
2,751
3,445
2,670
2,488
Forged Products
30
2,700
1,993
2,386
2,200
1,609
879
3,546
2,670
2,700
26,159
1,029
990
Aeronautics
731
2,586
2,430
667
2,750
Detection
2,084
5,464
36%
15%
27%
12%
3,217
3,240
11,115
Aerospace
2,424
536
594
1,125
Precision Systems
Ammunition
2,645
943
3,198
ATK Thiokol
Fluid Power
3,098
709
3,805
1,635
3,240
2,930
7,427
3,224
Government Systems
31
29
28
27
26
25
3,445
3,720
3,111
1,810
24
3,805
3,933
4,050
25,359
Commercial Systems
Electronic Components
Aerospace
3,639
2,052
4,050
4,261
Business Aircraft
4,303
2,209
4,261
4,780
16,328
Defence
Private Communications
4,780
1,304
Electronic Systems
4,780
2,238
Engine Systems
1,854
5,396
Airframes Systems
4,700
3,480
5,396
10,043
Cessna
4,727
2,881
6,361
8,087
14,369
Bell
Aerospace
7,980
1,717
8,087
2,601
Equipment
5.585
10,810
Propulsion
10,342
2,569
8,422
Defence Aerospace
6,382
12,007
Civil Aerospace
8,089
3,165
Specialized Products
8,952
2,289
2,170
1,820
Government Services
9,444
2,052
Naval Systems
1,986
3,266
6,898
12,758
18%
39%
21%
12%
23%
13%
13%
8%
20%
8%
16%
14%
10%
53
49
109
130
15%
5%
13%
7%
30%
18%
-11%
2%
34%
17%
9%
8%
-22%
32%
-1%
0%
7%
13%
15%
14%
15%
41%
28%
21%
1%
-8%
19%
-20%
-27%
-16%
3%
15%
11%
40%
20%
72%
30%
37%
-19%
3%
5%
9%
0%
growth
2005
Air Systems
9,444
10,342
2004
2,970
10,274
2005
Aerospace
23
22
21
20
19
18
17
16
15
14
13
12
Divisions
Cover story
322
108
557
73
1,233
30
111
75
221
122
215
687
66%
9%
28%
7%
327
339
1,398
296
328
624
189
-217
364
500
150
644
511
341
1,416
146
400
76
533
457
368
1,028
266
357
137
-48
-445
-383
322
1,198
1,595
351
227
168
250
997
183
174
157
259
896
26%
42%
32%
743%
-10%
-70%
23%
40%
-11%
22%
18%
21%
32
45
28
61
15%
0%
21%
5%
64%
29%
-55%
43%
-18%
90%
380%
-12%
3%
61%
6%
51%
-16%
34%
71%
47%
30%
31%
458%
7%
-1%
240%
110%
60%
22%
35%
15%
33%
7%
-10%
0%
16%
3%
growth
256
76
421
1,377
97
86
52
239
101
183
572
9.9%
8.2%
9.7%
13.8%
285
338
1,153
282
200
482
368
30
254
610
78
132
581
332
880
138
265
90
397
267
250
791
203
64
128
208
428
892
328
356
764
220
186
124
218
749
172
194
157
223
871
2004
18.8%
12.0%
14.4%
0.4%
5.9%
11.1%
9.8%
8.8%
10.4%
17.4%
9.9%
11.4%
10.2%
10.9%
11.7%
18.4%
14.3%
16.5%
9.9%
4.3%
10.5%
9.6%
2.1%
0.6%
13.5%
6.9%
5.8%
11.9%
13.7%
5.5%
8.4%
10.8%
11.1%
9.5%
2.5%
0.4%
8.9%
6.4%
7.6%
6.9%
13.0%
6.4%
7.0%
9.7%
9.7%
11.7%
13.1%
10.9%
6.8%
6.1%
6.8%
2004
Capital
2,983
26,328
2,209
5,551
2,231
7,250
1,963
4,489
4,503
21,984
4,425
14,148
4,839
13,352
8,374
9,463
10,932
10,055
5,825
employed
www.ightglobal.com
20.0%
12.3%
15.7%
2.7%
4.7%
2.9%
11.2%
10.3%
8.6%
18.3%
10.3%
12.6%
8.1%
8.7%
9.6%
14.4%
10.2%
10.5%
12.6%
18.1%
18.1%
18.1%
5.0%
-30.6%
11.3%
6.7%
3.7%
2.5%
12.0%
7.1%
8.7%
11.2%
17.9%
4.1%
9.9%
13.1%
12.8%
10.2%
3.3%
2.5%
8.0%
-1.9%
-10.8%
-3.5%
12.5%
18.8%
13.3%
11.1%
9.9%
9.2%
11.5%
10.6%
8.9%
5.3%
7.0%
2005
Operating margin
15%
5%
12%
16%
11%
17%
25%
29%
13%
1%
18%
7%
9%
6%
1%
19%
8%
11%
12%
Personnel
16,040
6,746
129,000
12,830
30,600
15,200
59,000
17,100
16,953
40,900
32,627
8,730
13,109
22,600
37,000
31,570
51,918
35,600
59,500
53,367
2005 headcount
www.ightglobal.com
19%
5%
10%
12%
15%
19%
32%
4%
11%
3%
12%
10%
11%
8%
4%
-4%
15%
10%
15%
2004
ROCE (%)
2005
4%
-9%
8%
7%
14%
9%
7%
8%
51%
-7%
-3%
0%
-4%
6%
9%
7%
-6%
1%
35%
-4%
growth
221,072
395,822
202,783
201,536
178,566
211,645
188,390
201,462
224,469
181,589
777,238
488,133
1,245,582
238,761
271,432
455,147
208,216
337,263
158,723
239,064
2005
4%
-9%
8%
7%
14%
9%
7%
8%
51%
-7%
-3%
0%
-4%
6%
9%
7%
-6%
1%
35%
-4%
growth
16/8/06 2:23:52 pm
shares in Nammo
Includes shares in Grintek (South Africa), EADS Defence Electronics, TietoSaab Systems and sales of
Formerly Snecma Equipment - Landing Gear, Nacelles, Wiring, Brakes, Engine Controls
Calculation based on 9 months of Snecma results, following merger of Snecma and Sagem,
Dynamics, Titan
Includes $3.4bn acquisitions of CAE Marine Controls, GD Propulsion Systems, Boeing Electron
743
Aerospace
Aerospace
760
752
58
57
Aviation
56
Aircraft Equipment
823
662
505
786
688
777
743
2,005
743
13,409
752
761
760
823
254
Advanced Materials
320
835
261
613
835
174
120
Fastener Distribution
844
898
1,998
734
814
550
844
898
Aerospace
55
54
53
52
51
436
913
478
804
913
959
50
967
156
49
959
1,120
1,009
32,205
1,070
1,140
6,633
Defence Systems
747
893
940
2,426
835
991
1,009
1,070
1,140
Aerospace
Aero
48
47
Aerospace
46
45
264
197
1,207
992
1,218
1,297
1,359
8,215
1,592
1,179
1,002
1,215
1,140
1,518
1,622
2,746
718
44
1,218
1,297
1,359
1,592
1,466
42
43
Aerospace
41
Aviation
1,622
Technology
510
254
Cabin Interiors
40
39
568
2,277
379
1,505
1,740
Aircraft Systems
1,711
1,309
Aerosafety Systems
38
1,740
946
358
Chelton (Avionics)
1,764
1,998
12,011
2,340
537
1,805
3,001
2,402
11%
13%
38%
2%
-4%
-4%
10%
6%
14%
77%
25%
36%
21%
60%
7%
15%
10%
7%
13%
11%
12%
-1%
25%
36%
29%
9%
14%
14%
10%
5%
8%
9%
26%
19%
19%
7%
12%
17%
5%
9%
10%
-5%
27%
16%
9%
17%
33%
27%
4%
8%
17%
17%
7%
14%
25%
20%
19%
13%
growth
3%
2005
10,237
1,525
1,679
2,060
1,936
2004
2,080
460
1,764
1,998
2,340
2,342
2005
2,402
Aerospace Systems
37
36
35
Aerospace
RF Communications
Government Communications
34
33
32
Divisions
(32) Ishikawajima-Harima (Japan)
Cover story
131
279
25
530
-13
56
34
34
37
82
35
51
94
65
121
39
73
111
15
25
147
185
112
2,430
67
80
178
14
28
84
101
227
-175
199
1,028
-10
171
236
20
63
85
57
311
193
158
25
95
278
310
25
167
203
321
2,402
10%
20%
1,333%
39%
-93%
70%
21%
325%
16%
64%
35%
28%
47%
51%
51%
0%
83%
42%
-64%
17%
31%
24%
107%
24%
2%
57%
133%
4%
56%
51%
32%
26%
49%
8%
2%
13%
4%
33%
12%
20%
35%
26%
-30%
-2%
8%
38%
400%
40%
33%
53%
26%
growth
105%
118
229
375
101
64
33
28
32
50
26
-1
40
64
43
80
38
39
77
43
22
114
150
52
1,892
66
51
-44
27
54
67
168
-112
158
688
-14
159
233
18
61
63
51
259
143
126
37
97
260
54
221
119
153
210
116
2004
95
17.8%
13.1%
0.3%
2.9%
12.8%
8.0%
4.8%
12.6%
4.4%
15.3%
8.2%
18.1%
-1.3%
7.8%
8.7%
5.3%
4.3%
10.1%
9.2%
9.6%
4.4%
17.4%
18.4%
17.2%
5.8%
7.0%
7.0%
4.9%
-0.7%
3.3%
11.2%
9.5%
6.6%
16.7%
-9.2%
13.0%
9.8%
-0.9%
10.6%
9.2%
6.6%
15.2%
12.9%
14.6%
13.3%
10.9%
16.9%
10.6%
22.6%
17.1%
3.2%
2.0%
0.2%
27.7%
10.2%
8.3%
5.6%
2004
1.0%
Capital
1,169
6,542
704
789
873
1,256
1,647
966
612
2,169
21,169
1,008
4,877
552
1,025
5,562
-1,282,298
2,820
2,867
2,193
1,562
4,373
1,867
employed
6,246
www.ightglobal.com
17.6%
13.9%
3.4%
4.0%
0.9%
-1.7%
7.4%
13.4%
10.6%
14.2%
9.8%
20.1%
6.7%
9.3%
11.1%
7.2%
6.1%
8.9%
15.2%
12.2%
1.6%
16.3%
17.6%
16.6%
11.1%
7.5%
6.3%
7.0%
2.7%
7.1%
10.6%
11.7%
8.4%
18.6%
-13.5%
14.6%
12.5%
-0.6%
10.5%
8.6%
7.8%
12.4%
14.9%
15.1%
13.6%
11.1%
16.7%
7.1%
20.6%
15.8%
2.6%
1.1%
31.0%
11.3%
10.7%
6.2%
2005
1.9%
Operating margin
21%
4%
8%
4%
6%
7%
5%
8%
5%
9%
10%
10%
-1%
15%
-10%
14%
0%
9%
14%
10%
19%
5%
12%
Personnel
13,099
26,115
2,500
4,152
6,700
3,982
9,700
5,000
5,640
5,682
81,184
5,504
37,047
7,270
30,000
6,591
50,638
4,762
16,051
9,815
10,715
28,922
12,600
2005 headcount
23,364
www.ightglobal.com
24%
8%
-2%
7%
9%
7%
7%
12%
2%
9%
11%
7%
4%
18%
-17%
18%
0%
8%
11%
9%
18%
7%
17%
2004
2%
ROCE (%)
2005
3%
12%
-3%
7%
10%
13%
7%
0%
1%
28%
4%
-5%
1%
10%
5%
5%
-6%
6%
44%
73%
9%
1%
16%
growth
7%
153,086
513,458
304,400
183,044
124,627
211,954
205,979
182,694
169,963
197,132
396,696
194,404
179,052
166,025
40,616
196,783
162,230
334,404
141,885
177,280
164,610
415,302
238,175
12%
-3%
7%
10%
13%
7%
0%
1%
28%
4%
-5%
1%
10%
5%
5%
-6%
6%
44%
73%
9%
1%
16%
2005 growth
438,133
7%
16/8/06 2:23:57 pm
63
444
81
Aeronautical
389
398
434
85
84
Aerospace
83
376
417
367
330
389
2,169
398
885
434
1,808
441
319
82
Satellite Manufacturing
429
463
469
469
478
835
480
517
493
2,515
111
660
178
471
468
363
355
453
35
Satellite Services
441
463
469
469
478
480
493
79
Aerospace Interiors
Defence
Aerospace
231
533
Composites
445
554
2,061
245
511
512
564
Components
554
78
77
76
75
74
Aerospace
73
530
593
1,051
128
72
564
528
676
580
593
617
624
452
492
Aircraft Controls
71
617
256
213
622
570
153
622
240
648
657
80,782
408
536
592
659
648
657
571
70
69
68
67
66
659
199
Metal Treatment
1,131
465
567
Motion Control
664
211
143
1,494
685
2,259
316
614
622
695
5,751
670
685
653
65
64
(63)
Aerospace
62
695
27
349
703
684
335
711
529
4%
32%
-5%
-2%
18%
18%
34%
-27%
-50%
-18%
12%
-1%
-1%
33%
35%
34%
9%
5%
6%
25%
10%
21%
8%
9%
6%
10%
10%
12%
-15%
25%
25%
7%
1%
8%
10%
-9%
49%
21%
9%
2%
4%
12%
20%
18%
8%
8%
10%
11%
10%
5%
6%
6%
-7%
5%
4%
4%
8%
14%
growth
8%
2005
1,161
209
2004
656
2005
738
Commercial Aerospace
62
61
60
59
Divisions
(60) Hexcel (USA)
Cover story
41
281
18
56
343
39
15
40
-67
32
83
46
135
59
67
33
265
11
86
214
64
11
64
123
-195
-137
-133
31
33
29
93
13
42
53
3,372
54
34
50
138
177
78
160
55
463
16
35
53
10%
63%
24%
-18%
74%
-11%
49%
-7%
44%
63%
25%
30%
50%
-8%
15%
23%
244%
2%
16%
31%
20%
7%
19%
-50%
56%
1%
50%
113%
21%
11%
25%
23%
37%
23%
12%
-14%
-24%
17%
-4%
growth
17%
-126
256
-5
34
277
47
-13
23
-214
36
56
49
-84
41
41
-11
212
27
93
186
52
63
106
25
30
42
24
27
27
79
26
27
53
2,203
23
28
45
110
143
57
131
49
539
21
30
55
2004
89
-33.4%
15.6%
-1.1%
3.8%
18.1%
14.3%
-3.0%
10.3%
-41.0%
8.7%
11.9%
10.5%
-10.8%
11.5%
10.6%
-2.4%
8.9%
5.6%
4.5%
1.6%
6.2%
18.2%
9.8%
9.8%
2.8%
15.3%
11.3%
3.6%
6.1%
8.4%
9.8%
12.9%
19.2%
13.8%
9.9%
9.9%
9.9%
2.8%
4.0%
15.7%
11.6%
11.5%
10.7%
9.2%
6.1%
7.5%
9.9%
3.4%
6.3%
9.3%
8.1%
2004
8.3%
Capital
2,834
573
1,597
1,006
1,359
489
392
227
1,916
278
1,740
1,016
135
785
385
558
46,135
1,015
1,178
527
825
3,167
522
employed
684
www.ightglobal.com
10.5%
13.0%
4.6%
6.3%
19.0%
8.7%
4.7%
36.0%
-15.6%
6.9%
17.8%
9.9%
16.1%
12.3%
13.0%
6.7%
10.5%
5.3%
4.7%
2.2%
0.0%
15.5%
10.4%
11.3%
8.6%
14.2%
11.7%
-32.9%
-22.2%
-21.3%
12.1%
15.4%
19.0%
14.9%
5.4%
10.3%
8.2%
4.2%
8.2%
17.1%
10.8%
12.2%
11.8%
11.4%
7.1%
7.9%
8.1%
3.7%
4.6%
10.4%
7.5%
2005
9.0%
Operating margin
10%
6%
26%
9%
-24%
8%
16%
10%
18%
10%
10%
11%
12%
9%
4%
30%
12%
5%
3%
10%
22%
14%
15%
11%
Personnel
8,678
3,372
22,700
2,171
1,700
2,400
3,844
2,000
20,400
1,421
662
9,942
3,101
2,880
334,402
2,760
5,892
7,584
12,848
13,100
2,600
2005 headcount
4,460
www.ightglobal.com
10%
10%
21%
4%
-5%
7%
12%
30%
14%
0%
12%
12%
-145%
-17%
24%
10%
7%
5%
12%
33%
19%
15%
10%
2004
16%
ROCE (%)
2005
15%
14%
-16%
49%
-9%
3%
10%
7%
0%
-2%
21%
-4%
15%
-89%
-9%
9%
8%
20%
0%
5%
16%
3%
-1%
6%
growth
1%
249,970
262,557
79,648
203,273
252,353
195,273
217,123
258,500
123,284
374,930
1,587,613
59,645
201,225
215,929
241,571
238,748
191,955
197,023
175,805
439,008
270,385
14%
-16%
49%
-9%
3%
10%
7%
0%
-2%
21%
-4%
15%
-89%
-9%
9%
8%
20%
0%
5%
16%
3%
-1%
6%
2005 growth
260,314
1%
16/8/06 2:24:02 pm
Loral Space & Communications formed on emergence from Chapter 11 on 21 November 2005
Includes acquisitions of FCS Control Systems, Power and Data Technologies Group of Kaydon
89
210
172
231
225
219
209
229
1,028
240
250
251
450
268
20,325
DATA SOURCE The Flight International Aerospace Top 100 was compiled by
aerospace specialists at PricewaterhouseCoopers LLP (PwC) www.pwc.com.
The information used in preparing this report has been obtained solely from
company annual reports and other publicly available information. PwC has not
sought to establish the reliability of this information and has not veried such
information. Accordingly, no representation or warranty (whether express or
implied) is given by PwC as to the accuracy of this information.
COMPANY/DIVISIONS The top line of the nancial gures refers to
consolidated results for the overall group, including non-aerospace business.
The divisional gures are for those businesses that are fully or largely
concerned with aerospace. Groups have been ranked by their aerospace sales
for 2005, calculated from those divisions that operate primarily in the industry.
NOTES
209
229
Aviation
240
250
251
98
Defence Systems
629
87
268
271
278
851
284
616
288
1,101
295
828
Systems Integration
217
249
257
252
270
303
767
359
374
65
320
384
31
100
338
31
21
28
33
4,429
70
82
24
36
33
29
64
79
46
78
-2
27
99
104
21%
69%
25%
0%
40%
17%
50%
24%
-1%
114%
18%
18%
8%
61%
9%
9%
386%
-22%
15%
growth
26
59
271
31
15
24
22
3,442
72
38
20
31
-14
-17
59
49
42
72
20
86
-12
2004
14.8%
43.7%
32.9%
12.9%
8.4%
11.2%
7.3%
21.8%
25.2%
9.6%
8.3%
5.9%
11.5%
2.6%
21.7%
9.5%
15.2%
10.2%
-0.7%
7.3%
10.8%
30.9%
27.1%
2005
12.2%
34.3%
35.5%
13.4%
6.7%
11.0%
5.8%
20.2%
28.8%
5.4%
7.9%
5.5%
-5.6%
-1.7%
21.7%
6.9%
16.0%
10.7%
5.6%
1.5%
15.3%
29.3%
-3.4%
2004
Operating margin
Capital
www.ightglobal.com
165
1,167
242
176
339
16,985
369
375
576
153
362
1,291
employed
0%
33%
35%
5%
11%
15%
18%
-59%
15%
50%
18%
27%
13%
19%
11%
10%
14%
11%
8%
17%
15%
14%
1%
0%
10%
9%
9%
growth
2005
188
275
278
284
288
295
264
357
373
353
2004
Cabin Management
Aerospace
Aerospace
Aerospace
303
359
374
384
2005
97
96
95
94
93
92
91
90
88
Aerospace
Engineered Fabrics
87
86
Divisions
Bombardier,
which
makes the
CRJ-700
(right),
slipped one
place in the
Top 100
Cover story
17%
29%
20%
9%
6%
19%
10%
-5%
9%
13%
5%
-1%
Personnel
807
3,034
1,654
1,353
2,300
56,055
1,600
4,598
4,918
3,712
3,500
5,863
2,278
1,330
1,288
2005 headcount
0%
22%
1%
1%
12%
11%
5%
7%
-2%
4%
3%
12%
-1%
4%
-1%
growth
259,512
338,827
145,116
184,775
195,652
362,597
169,375
185,078
125,340
296,606
236,571
130,821
157,709
281,295
298,137
2005
0%
22%
1%
1%
12%
11%
5%
7%
-2%
4%
3%
12%
-1%
4%
-1%
growth
www.ightglobal.com
16/8/06 2:24:07 pm
group sales multiplied by the total operating prot has been calculated. Where
total group sales or total group operating prot has not been identied, previous
years gures are assumed.
RETURN ON CAPITAL EMPLOYED (ROCE) Return on Capital Employed
(ROCE) is calculated as earnings before interest expenses, taxes, unusual items
and minority interests divided by year-end total assets less year-end non-interest
bearing current liabilities.
INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) The
introduction of International Financial Reporting Standards (IFRS) was
implemented by some aerospace companies during both 2004 and 2005.
This has resulted in revisions to 2004 gures; in such circumstances, we have
restated 2004 gures for the new accounting standard.
government division
Split into EMW and Power Systems. EMW gures stated. Power systems moved to
Embraer
170 production: the
Brazilian
company
fell two
places in
this years
rankings
19%
29%
13%
12%
10%
26%
10%
8%
14%
51%
-1%
8%
2004
ROCE (%)
2005