Fact of the Month

Greece is the fifth-largest importer of weapons in the world. The top four are China, India, South Korea, and the United Arab Emirates.

Feature of the Month: Aerospace and Defense Industry

Survival is one of the most primal instincts of man. Thus, it is no surprise that throughout the course of history, the development of technologies designed to conquer and defend has been constant, and that these technologies have always been in high demand. One of the primary roles of a government is to protect its citizens, and as such, they offer lucrative rewards to whoever can give them a tactical advantage. This arrangement has led to the birth of the Aerospace and Defense Industry as we know it today. The contemporary Aerospace and Defense Industry comprises companies that manufacture products designed primarily for military use. Such products include naval vessels, military and commercial aircraft, missiles and ammunition, spacecraft, and technologies such as radar and sonar. Since the primary demand for Aerospace and Defense products comes from national governments, the majority of A&D companies tend to do their business primarily with the country in which they are headquartered. The industry is one of the most concentrated, with production being dominated by a very small number of very large firms. Some of the worldwide leaders are Boeing, BAE Systems, and Lockheed Martin. Instead of manufacturing innovative vehicles, such as the ever-advancing designs of tanks in World Wars I and II, modern demands have shifted towards technologies which can effectively detect and track enemies. As national security is often one of the top priorities for any government, and many countries desire technological superiority in this area, the outlook for the industry is very bullish.

From the globalEDGE Blog

Trends in the Aerospace and Defense Industry have been shifting lately- what was once a primarily domestic industry has started to become global in nature. As highly populated nations such as China and India become more open to global markets, international suppliers will seek to fill their demands. What are some of the things we can expect to see from the global Aerospace and Defense market in the near future?

• Read more on the globalEDGE Blog!

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