More than 260 aerospace companies operate in Mexico, exporting some $4.3 billion in aircraft and parts last year, reported the Miami Herald. The Mexican government has set a target of $12 billion in such exports by 2020, a figure that would surpass aerospace exports from Brazil and Spain.
Current Mexican exports of aerospace equipment put the country at No. 12 in the global tables, according to the Wall Street Journal.
Unlike other up-and-coming aerospace powers, Mexico neither supplies its own defense needs nor produces its own aircraft. But just about every component imaginable for jetliners and helicopters can be manufactured in Mexico today, including jet turbines and fuselages.
In an office in the National Aeronautics University of Queretaro, Rector Jorge Gutierrez said the nation wants to see a new foreign aircraft, no matter the brand, take off with 50 percent of its components “Made in Mexico.”
Big U.S. companies with operations in Mexico include Hawker Beechcraft, Gulfstream Aerospace, General Electric, Textron and Honeywell. France’s Safran Group, Canada’s Bombardier Aerospace, Netherlands-based Fokker and Spain’s Aernnova, a major supplier to Airbus, Bombardier and Brazil’s Embraer, also have set up production in Mexico.
Some 30 foreign companies have operations in Queretaro, a city of 1.8 million people in Central Mexico.