Category: department of defense certification

CATEGORY: DEPARTMENT OF DEFENSE CERTIFICATION

Challenges Facing the Aerospace & Defense Industry

The aerospace and defense (A&D) industry reported an 8% decrease in revenue since 2019 and a 61% decrease in operating profit, primarily due to the impacts of the pandemic. A&D has virtually always been on the forefront of product innovation. However, increasing cost challenges and new market dynamics are dramatically changing the way companies serve their customers, collaborate with partners, and take ideas and solutions to market. Let’s take a closer look at some of the major challenges the A&D industry is facing, and how to overcome them. Free Download: Five Techniques to Reduce Aerospace Project Costs Increasing Profitability and Reducing Cost Pressures The rise in the costs of various raw materials is driving down the industry's [...]

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