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What Companies Are In The Capital Goods Field
Introduction: what companies are in the capital goods field Capital goods are products that businesses use in the creation of other goods, such as tools, vehicles or machines. However, to use these capital goods, a company must first create or obtain them and then reuse or sell them for other companies to use to create new products. There are many companies across the country that offer capital goods, and you might be curious which ones are the most notable or have vacancies near you.
10 companies in the field of capital goods
Many companies in the United States make up the field of capital goods, but several in particular dominate the market or manufacture products or offer services that have more impact on the economy and the world than others. Here are 10 companies in the field of capital goods:
1. Union Pacific
Description: Union Pacific, founded in 1862, is a transportation and logistics company that creates chemicals, coal, agricultural products, automotive products and intermodal products. However, the company is responsible for connecting 23 of the country’s states in the western two-thirds of the United States and operates from all major ports on the West Coast and Gulf Coast to the Eastern Gateways . Union Pacific serves approximately 10,000 customers and connects to rail systems in Canada and rail systems in Mexico. The company generates over $10 billion in revenue each year. It offers its employees a variety of benefits, several of which include the following:
- Retirement plans
- vision insurance
- Tuition reimbursement
- Vacation days
- Medical insurance
- Dental insurance
2. General Electric
Description: General Electric, also known as “GE”, is a manufacturing company founded in 1892. A conglomerate headquartered in both Boston and New York, GE serves several industries, including the aviation, electricity, renewable energy and healthcare. . As such, this company specializes in the production of weapons, aircraft engines, software, wind turbines, different types of energy, electric motors and more. GE generates more than $10 billion in revenue each year. It typically offers its employees these benefits:
- Medical insurance
- Paid days off
- Work flexibility
- Dental insurance
- Signing bonus
- Disability insurance
- vision insurance
3. Honeywell International
Description: Honeywell International, otherwise known as Honeywell, is a manufacturing company founded in 1885. This company specializes in the production of a variety of different products, including those for the aerospace, automotive , chemistry and industrial control. Most commonly, Honeywell manufactures automotive products, specialty chemicals, plastics, engineered materials and more. The company generates over $32 million in revenue annually. It typically provides its employees with these benefits:
- Health insurance
- Retirement plans
- Parental leave
- Life insurance
- Paid days off
- Login bonuses
4. Lockheed Martin
Description: Lockheed Martin is an aerospace and defense industry company founded in 1995. The company, which is considered one of the largest aerospace, military support, security and technology, specializes in the production of strike weapons, fire sensors, air missiles and a variety of other defense weapons. The company primarily manufactures equipment and products for the US Department of Defense and other US federal government agencies. Furthurmore, lockheed Martin has four business segments, including Rotary and Mission Systems, Aeronautics, Missiles and Fire Control, and Space. The company generates over $65 billion in revenue annually.
Lockheed Martin offers the following employee benefits:
- Dental insurance
- Tuition reimbursement
- Retirement plans
- Health insurance
- Flexible hours
- Paid days off
- Moving assistance
5. United Rentals Inc.
Description: United Rentals Inc. is a construction and facility services company founded in 1997. Considered the largest equipment rental company in the world, it has offices in 49 states and one in each province of Canada. United Rentals specializes in providing construction and industrial vehicle and equipment rental services. meanwhile, its clientele consists of utilities, municipalities, owners, industrial companies and construction companies. Additionally, United Rentals sells new and used equipment and vehicles, and also offers maintenance services. The company brings in more than $6 billion a year.
United Rentals Inc. offers several benefits to its employees, many of which are:
- Health insurance
- Vacation days
- Retirement plans
- company truck
6. Boeing
Description: Founded in 1916, Boeing is an aerospace and defense company. This company is the largest aerospace company in the world and is organized into three distinct business units: Defense, Space and Security, Commercial Aircraft and Global Services. Boeing also supports U.S. allied airlines and government customers in more than 150 different countries. The company, which brings in more than $58 million a year, offers additional services including commercial aircraft, military aircraft, space satellites, electronic defense systems, launch systems, weapons and more. Boeing offers many benefits to its employees, including:
- Moving assistance
- Dental insurance
- Parental leave
- vision insurance
- Paid days off
- Health insurance
- disability insurance
7. Caterpillar Inc.
Description: Caterpillar Inc., otherwise known as Caterpillar or CAT, is a construction industry company founded in 1925. Moreover, this company specializes in the design and production of construction and mining equipment, gasoline engines, gas, gas turbines and diesel-electric locomotives. CAT has offices and facilities in over 180 countries and on every continent. It brings in more than $40 billion a year and provides products and services to three main segments: construction industries, resource industries, and energy and transportation. It also provides equipment for mining, paving, drilling, hydraulics and more. CAT offers employees a variety of benefits, which typically include the following:
- Health insurance
- vision insurance
- Paid days off
- Moving assistance
- Dental insurance
- Retirement plans
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8. Northrop Grumman
Description: Northrop Grumman is an aerospace and defense industry company founded in 1939. Meanwhile, the company specializes in the creation of military aircraft, aerial vehicles, chain guns, autocannons, ammunition, satellites, rocket launching systems, stealth bombers, electronic systems and other ground systems and space defense products and equipment. However, northrop Grumman operates in several industries, including aerospace systems, defense systems, mission systems, space systems and more, all of which are headquartered in different regions of the United States. This company aims to continuously develop new defense products and to replace and update current products on the market.
Northrop Grumman brings in about $30 billion a year, and some common benefits for many employees include:
- Health insurance
- Paid days off
- Employee discounts
- Tuition reimbursement
- Retirement plans
9. paternal uncle
Description: 3M is a company founded in 1902 that specializes in the design and production of a variety of consumer goods. And also, it is a conglomerate headquartered in Minnesota that specializes in the production of adhesives, laminates, abrasives, window films, paint protection films and more. Currently, the company has more than 60,000 products in its portfolio. It also creates products under several different brands and manufactures dental and orthodontic products, medical products, electronic components, automotive products and healthcare software. 3M has offices in more than 87 countries around the world. Common 3M employee benefits include the following:
- Health insurance
- Retirement plans
- Dental insurance
- vision insurance
- stock options
- Vacation days
10.ABB
Description: ABB Limited, also known as ABB, is an energy, mining and utility company founded in 1898. However, the company focuses on the production of control products, cables, circuit breakers, switches and other electronic equipment. Company also offers installation and repair services for company systems. And also, the company is headquartered in North Carolina, with the United States being its largest market for its products. This company brings in more than $26 million a year and offers the following benefits to its employees:
- Health insurance
- Retirement plans
- Disability insurance
- Life insurance
- vision insurance
- Paid days off
Conclusion
Moreover, the capital goods sector, or industrial sector, is a collection of companies that manufacture or distribute goods. The group of companies includes companies from the aerospace and defense, construction and engineering sectors.
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