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MS Industrie AG, headquartered in Munich, Germany, operates primarily in the powertrain and ultrasonic technology sectors. The company's Powertrain Technology segment, known as MS XTEC, focuses on manufacturing systems and components for heavy-duty combustion engines, as well as hybrid and electric drive systems. In 2024, MS Industrie AG sold a majority stake in its Ultrasonic Technology segment to Schunk Sonosystems GmbH, retaining a 49% interest. The company has production sites in Trossingen, Germany, and Charlotte, North Carolina, USA. Strategically, MS Industrie AG emphasizes automation and digitalization in its manufacturing processes to enhance efficiency and cost-effectiveness.

RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure across three segments, mostly as a supplier to commercial aerospace and to the defense market: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.