COMPANY·HISTORIES
NAIC 336413

Other Aircraft Parts and Auxiliary Equipment Manufactur- ing

How the companies in this industry began, and the forces that shaped them.

23companies1865–2000founding years23still active0no longer operating
§ 01

The industry over time

Companies foundedEconomyTechnologyEnvironmentHistory
FoundedCrane Co.
1865
FoundedFLSmidth & Co. A/S
1882
1903
TechnologyThe Wright brothers achieve powered flight.
FoundedDucommun Incorporated
1907
FoundedApplied Power Inc.
1910
1914
EconomyWorld War I begins; global trade reorders.
1929
EconomyThe stock market crashes; the Great Depression spreads worldwide.
FoundedThe Boeing Company
1934
FoundedFairchild Dornier GmbH
1936
FoundedNorthrop Grumman Corporation
1939
EconomyWorld War II begins; wartime production surges.
FoundedHéroux-Devtek Inc.
1942
1945
EconomyThe war ends; a long global expansion begins.
1947
TechnologyThe transistor is invented.
FoundedLiebherr-International AG
1949
FoundedIsrael Aircraft Industries Ltd.
1953
FoundedBanner Aerospace, Inc.
1956
1958
TechnologyThe integrated circuit is demonstrated.
1962
EnvironmentSilent Spring launches the modern environmental movement.
FoundedEADS SOCATA
1966
FoundedSpar Aerospace Limited
1968
FoundedMark IV Industries, Inc.
1970
1971
EconomyThe dollar leaves the gold standard; currencies float.
1973
EconomyThe OPEC oil embargo triggers a global shock.
FoundedSimula, Inc.
1975
TechnologyThe personal-computer era begins.
1979
EconomyA second oil crisis drives inflation higher worldwide.
1981
TechnologyThe IBM PC launches and sets a standard.
1984
TechnologyApple ships the Macintosh; the GUI era begins.
1987
EconomyBlack Monday: markets fall sharply around the world.
1989
HistoryThe Berlin Wall falls; global markets open up.
1991
TechnologyThe World Wide Web is released to the public.
FoundedTriumph Group, Inc.
1993
TechnologyThe Mosaic browser brings the web to everyone.
FoundedMagellan Aerospace Corporation
1995
TechnologyWindows 95 launches; the internet goes mainstream.
FoundedL-3 Communications Holdings, Inc.
1997
EconomyThe Asian financial crisis rattles global markets.
EnvironmentThe Kyoto Protocol sets the first climate targets.
2000
EconomyThe dot-com bubble bursts.
2004
TechnologySocial media and Web 2.0 take hold.
2007
TechnologyThe iPhone launches the smartphone era.
2008
EconomyThe global financial crisis freezes credit worldwide.
2010
TechnologyCloud computing goes mainstream for business.
2015
EnvironmentThe Paris Agreement sets global climate targets.
2020
EconomyThe COVID-19 pandemic upends the global economy.
2022
EconomyInflation spikes; central banks raise rates sharply.
2023
TechnologyGenerative AI reaches mainstream business use.
§ 02

The companies

Crane Co. →
Active · founded 1865
Crane Co.
FLSmidth & Co. A/S →
Active · founded 1882 · Denmark
FLSmidth & Co.
Ducommun Incorporated →
Active · founded 1907
California's oldest company, Ducommun Incorporated has gone from repairing watches for prospectors to supplying the…
Applied Power Inc. →
Active · founded 1910
Applied Power Inc.
Martin-Baker Aircraft Company Limited →
Active · founded 1934 · United Kingdom
Martin-Baker Aircraft Company Limited is the world's leading producer of ejection seats.
The Boeing Company →
Active · founded 1934
The Boeing Company is the largest aerospace company in the world, thanks to its 1997 merger with McDonnell Douglas…
Fairchild Dornier GmbH →
Active · founded 1936 · Germany
In 2001 Fairchild Dornier GmbH was the world's third-largest manufacturer of regional jets.
Northrop Grumman Corporation →
Active · founded 1939
Northrop Grumman Corporation is the number three defense firm in the United States, behind The Boeing Company and…
Héroux-Devtek Inc. →
Active · founded 1942 · Canada
Héroux-Devtek Inc.
Meggitt PLC →
Active · founded 1947 · United Kingdom
From obscure origins, Meggitt PLC has grown into a global aerospace supplier.
Liebherr-International AG →
Active · founded 1949 · Switzerland
Liebherr-International AG is the Swiss holding company of the Liebherr Group, one of the world's leading manufacturers…
Israel Aircraft Industries Ltd. →
Active · founded 1953 · Israel
Israel Aircraft Industries Ltd.
Banner Aerospace, Inc. →
Active · founded 1956
Banner Aerospace, Inc.
HEICO Corporation →
Active · founded 1957
HEICO Corporation is a leading supplier of replacement jet engine parts.
EADS SOCATA →
Active · founded 1966 · France
EADS SOCATA is the light plane division of European Aeronautic Defence and Space Company EADS N.V.
Spar Aerospace Limited →
Active · founded 1968 · Canada
Spar Aerospace Limited is perhaps better known for what it once was than what it is.
Mark IV Industries, Inc. →
Active · founded 1970
Mark IV Industries, Inc.
Simula, Inc. →
Active · founded 1975
Simula, Inc.
DeCrane Aircraft Holdings Inc. →
Active · founded 1989
DeCrane Aircraft Holdings Inc.
Triumph Group, Inc. →
Active · founded 1993
Triumph Group, Inc., was formed out of the Alco Diversified Services division of Alco Standard Corporation.
Magellan Aerospace Corporation →
Active · founded 1995 · Canada
Magellan Aerospace Corporation is Canada's largest dedicated manufacturer of aerospace components.
L-3 Communications Holdings, Inc. →
Active · founded 1997
L-3 Communications Holdings, Inc., through its L-3 Communications Corp.
European Aeronautic Defence and Space Company EADS N.V. →
Active · founded 2000 · The Netherlands
European Aeronautic Defence and Space Company EADS N.V.
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