The invention provides an integrated navigation method and equipment based on multisource information fusion. The method comprises the following steps: obtaining multisource navigation information, namely obtaining navigation related information from one or more of a global satellite navigation system GNSS, an inertial navigation system INS, a multimode region difference augmentation system MLDAS, a pressure altimeter and timekeeping equipment, which are arranged on an aircraft; performing fusion treatment on multisource information by using a federal wave filter, wherein the federal wave filter comprises a main wave filter and a plurality of local wave filters connected with the main wave filter, and each kind of the multisource navigation information and a reference signal are jointly input to one local wave filter; triggering the local wave filters to respectively calculate local estimation values and error covariance matrixes; triggering the main wave filter to perform wave filtering on the reference signal, and performing optimal infusion on the wave filtering results of the reference signal according to output results of the local wave filters and the local wave filters, so as to obtain a global optimum estimation value. Therefore, the availability and the integrity of on-board navigation equipment are improved.