Biddle: We expect to see more aggressive competition for the fewer large defence programmes of record, as well as growth in defence sales to India, Brazil, the United Arab Emirates, the Kingdom of Saudi Arabia, Brazil, Japan, and South Korea.
New York, NY (PRWEB) March 18, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC focused on a new Aerospace and Defence outlook from Deloitte and noticed a few developing trends.
According to the 2012 Global aerospace and defence outlook: A tale of two industries, launched by Deloitte Touche Tohmatsu Limited’s (DTTL) global manufacturing industry group, the commercial aircraft sector is likely to enter a prolonged up-cycle in production in 2012 as a result of increasing demand for leisure and business travel, particularly in the Asia Pacific region, and development of next-generation programmes addressing increasing fuel costs.
On the other hand, challenges in the global defence market are present. That industry is expected to experience flat or declining growth due to anticipated decreases in military spending, principally in the United States and Europe.
Aerospace and defence has historically proven itself to be a highly innovative industry. This is expected to continue in 2012, as the industry continues to develop game-changing technology innovations in areas such as cyber-security, directed energy, high-powered microwave weapons, hypersonic missiles, long-range and high-altitude unmanned aerial systems, and extraordinary software that can trace financial transactions of known terrorists.
“We expect to see more aggressive competition for the fewer large defence programmes of record, as well as growth in defence sales to India, Brazil, the United Arab Emirates, the Kingdom of Saudi Arabia, Brazil, Japan, and South Korea—countries with emerging wealth and a need to strengthen their defence capabilities,” said Pauline Biddle, partner and UK aerospace and defence sector leader at Deloitte.
“The UK, as the third largest global aerospace and defence industry after the US and China, has a strong and highly skilled industrial base which leads the global market in many aspects of both the aerospace and defence arenas. Key areas of focus for the UK industry will include working with Government to drive the export agenda, streamlining cost structure, a focus on efficiency, focused M&A activity, and innovation to map its capabilities against current and future customer requirements, both here in the UK and, more importantly, overseas.”
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