Aerospace Defense Industry
Question 1
The Aerospace defense industry is huge industry that spans the entire world. Aerospace defense technology has been known to be a key innovator in today’s technologies for example the space race was a huge factor in computer technology that NASA developed and solar energy
Even though it is commonly referred to as the Defense industry it obviously produces more offensive weapons.
The major countries in the world that are involved in the Aerospace defense industry would be the USA with companies such as Lockheed Martin and Northrop Grumman Russia’s biggest Aerospace defense companies are, Almaz-Antey and United Aircraft Corporation.
These two countries have a great majority share on sales of worldwide Aerospace or just Defense related weaponry greatly outpacing the rest of the globe. See table for more information on countries with top Aerospace/Defense exports in millions
US$ globally
The current outlook for the Aerospace industry in the USA could be described as bleak, with major budget cutbacks and the war in Afghanistan winding down there is currently little need for more increased spending. It has been estimated that if the USA is to make another trillion dollar in defense cuts that one million jobs would be lost, that being said there are huge opportunity abroad for the A&D also known as aerospace and defense. However not all is doom and gloom in emerging economies such as Brazil that have doubled their air force budget are key consumers for the A&D industry China is also increasing its defense capitalization, expanding its submarine fleet and developing its first aircraft carrier, purchased from Russia.
Global defense spending is expected to be flat to declining in 2012, mostly made up of reductions in the U.S., United Kingdom (UK), and the rest of Europe, offset with
Increases, principally in China, India, Kingdom of Saudi Arabia, the United Arab Emirates (UAE), Japan, and Brazil. In 2010, global defense spending,
The Aerospace defense industry is huge industry that spans the entire world. Aerospace defense technology has been known to be a key innovator in today’s technologies for example the space race was a huge factor in computer technology that NASA developed and solar energy
Even though it is commonly referred to as the Defense industry it obviously produces more offensive weapons.
The major countries in the world that are involved in the Aerospace defense industry would be the USA with companies such as Lockheed Martin and Northrop Grumman Russia’s biggest Aerospace defense companies are, Almaz-Antey and United Aircraft Corporation.
These two countries have a great majority share on sales of worldwide Aerospace or just Defense related weaponry greatly outpacing the rest of the globe. See table for more information on countries with top Aerospace/Defense exports in millions
US$ globally
The current outlook for the Aerospace industry in the USA could be described as bleak, with major budget cutbacks and the war in Afghanistan winding down there is currently little need for more increased spending. It has been estimated that if the USA is to make another trillion dollar in defense cuts that one million jobs would be lost, that being said there are huge opportunity abroad for the A&D also known as aerospace and defense. However not all is doom and gloom in emerging economies such as Brazil that have doubled their air force budget are key consumers for the A&D industry China is also increasing its defense capitalization, expanding its submarine fleet and developing its first aircraft carrier, purchased from Russia.
Global defense spending is expected to be flat to declining in 2012, mostly made up of reductions in the U.S., United Kingdom (UK), and the rest of Europe, offset with
Increases, principally in China, India, Kingdom of Saudi Arabia, the United Arab Emirates (UAE), Japan, and Brazil. In 2010, global defense spending,
Cited: 1. Nasa. (1991). Nasa Spinof. Retrieved December 8, 2012, from http://www.sti.nasa.gov: http://www.sti.nasa.gov/tto/back_issues_archives/1991.pdf 2 3. Norris, F. (1994, August 31). Lockheed Martin. "A 'merger of equals. 4. Northrop Grumman. (2012, December 10). Retrieved December 10, 2012, from http://en.wikipedia.org: http://en.wikipedia.org/wiki/Northrop_Grumman 5 6. United Aircraft Corporation. (2012, December 10). Retrieved December 10, 2012, from http://en.wikipedia.org/: http://en.wikipedia.org/wiki/United_Aircraft_Corporation 7 8. one million jobs at risk from defense cuts . (2011, Oktober 25). Retrieved December 11, 2012, from http://www.prnewswire.com: http://www.prnewswire.com/news-releases/analysis-projects-one-million-jobs-at-risk-from-defense-cuts-132545243.html 9 10. The Guardian. (2011). From Russia with love. London: Retrieved December 11 2012 from The Guardian. 11. AIAC. (2011). Backgrounder Deloitte Study, 26. 12. Candesic. (2012, September). THE WORLD’s TOP 100 A&D companies. Retrieved December 11, 2012, from http://candesic.com: http://candesic.com/wp-content/uploads/2012/09/Candesic-Top-100-AD-report-Sept-2012.pdf 13 18. Aerospace defense 2012 outlook. (2012). Retrieved December 12, 2012, from http://www.kpmg.com: http://www.kpmg.com/US/en/IssuesAndInsights/ArticlesPublications/Documents/2012-aerospace-defense-outlook-survey.pdf 19.Oracle 20. Dassault Aviation. (2007). The virtual plateau. Retrieved December 12, 2012, from http://www.dassault-aviation.com: http://www.dassault-aviation.com/en/aviation/innovation/the-digital-company/the-virtual-plateau.html?L=1 21