Although aerospace and defense manufacturing are two of the most competitive industrial sectors, they also carry steep rewards. Going into 2018, military spending levels were increased by $80 billion by the U.S. government. Similarly, global aircraft production and component spending are projected to increase by more than $5 billion heading into 2018.
However, the ability to compete for and deliver on these multi-million-dollar contracts means manufacturers have to invest heavily in research and development, supply chain stability, and production capacity. This last critical item could be a challenge for one the largest manufacturers in the world.