In 2016, the growing U.S. defense industry is laser-focused on managing safety, costs and new technology.
But it’s faced with aging equipment, tight budgets and volatile fuel prices. To meet these challenges and expand intelligently, the sector must utilize responsive supply chains, more efficient R&D and smart financing.
Defense spending rebounds after years of reduced outlays, with a more stable government budget environment and a host of global security concerns that must be addressed.
Defense contractors seek acquisitions to spur growth and gain efficiencies. Top-tier contractors like Lockheed Martin, Boeing and General Dynamics may enhance their capabilities through mergers and acquisitions (M&As) of companies specializing in cybersecurity, surveillance, analytics and drones.
Innovation outside the industry is a treasure trove for defense and aerospace.