Aerospace, Defense & Intelligence
Defense and aerospace providers face enormous challenges in today’s global economic and geopolitical environment. Rapid and disruptive changes are compounding the challenges associated with reduced governmental budgets and spending, continuous demand for increased competition, diversity of providers, downsizing, unresponsive production capabilities and flexibility, and industrial base consolidations. The industry is already burdened with an antiquated acquisition system, ever-increasing costs in combination with a premium on lowest bid and lowest price, relentless demand for quality and long-term sustainability, less time and resources to support RDT&E, intense public scrutiny, and congressional and regulatory oversight.
On top of the business challenges there are the geostrategic challenges. Who is the peer competitor? What is their primary means of competition? How does the nation forecast, anticipate, and stay ahead of threats? Defense industry leaders need to be able to address these questions and the nation’s need for predominance in the global advanced technology sector. How does the defense industry deal with the rise of foreign competition? How do industry leaders deal with a U.S. defense industry that is increasingly vulnerable in strategically vital markets where the U.S. enjoyed nearly singular leadership in the past?