The COVID-19 pandemic has brought colossal changes to almost every industrial sector, the defense industry being no exception. This has been critical for Europe as the defense sector is one of the major contributors to major economies of the European countries with massive turnovers and requirements for highly skilled jobs. Though the industry is forecasted to return to its previous state, there are a number of prevailing challenges in the path of its restoration. For instance, several arms companies, in response to the lockdown, have implemented a wide array of measures. Companies halted or reduced manufacturing; and in cases where production resumed post the lockdown, the volumes have been affected to some limits. Besides, there have been budget cuts, R&D underinvestments, supply chain disruptions, financial and job losses, and much more with the COVID-19.
The silver lining is that, in multiple scenarios, new inventions have come up amidst the impact of the pandemic. Technological innovations have been a key player in recent times, boosting this sector. Leading defense leaders from Germany, France, and Spain have formalized plans to commence the preliminary development phase for a lead plane under the Future Combat Air System program. This program strives to introduce the Next-Generation Fighter, accompanied by a smattering of drones for reconnaissance and strike missions. Along with this, a network of data links known as combat cloud is believed to offer the connection between the flying program elements during operations. Further, there have been additive policies, remediation plans, and strategies for the upheaval of the industry with new products, equipment, machineries developed to meet the dynamic needs in this space.
In this context, we bring to light the latest edition of Aerospace and Defense Review to showcase some of the leading defense manufacturing solution providers and help companies find their bestmatch partners to adopt innovative and out-of-the-box solutions and meet the requirements of their clients. The magazine also compiles insights from industry experts, CIOs, and CXOs on the current trends, technological improvements, and innovations in this space.
We present to you Aerospace and Defense Review’s “Top 10 Defense Manufacturing Solution Providers in Europe - 2021.”
