Aerospace and Defense Trends

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2017 Aerospace and Defense Trends: Contractors as Local Businesses Around the World

“Military budgets continue to tighten in the traditional big markets. Emerging nations seek to protect themselves and their growing economies. Thus defense contractors — most of which have roots in the United States or Western Europe — are looking in new places for customers. Instead of, for example, familiar territory like the North Atlantic Treaty Organization (NATO) allies, the growth arena for weapons manufacturers is mostly in places such as Saudi Arabia, India, South Korea, and Japan. This shift, in turn, requires landmark changes in the way defense companies approach new business and manage their customer relationships.”

Source: http://aviationweek.com/defense/2017-aerospace-and-defense-trends-contractors-local-businesses-around-world

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