Rapid changes in the aerospace and defense industry are creating new opportunities for companies willing to innovate and reposition themselves for the future. BCG’s aerospace and defense consulting teams help companies adapt to these ever-evolving times.
Today’s commercial aerospace industry is still grappling with the sharp decline in air travel due to the pandemic, which is weighing heavily on aircraft production and the civilian aerospace workforce. The defense industry, in contrast, has seen steady demand and even some new opportunities.
For companies that operate in both segments, the challenge is to foster defense innovation, maintain operations, and strengthen their financial position to offset the declines in the commercial business.
This new reality makes it vital for aerospace and defense companies to innovate. BCG helps businesses throughout the aerospace and defense industry:
BCG has the deep industry knowledge, global insights, and digital transformation expertise to help aerospace and defense companies weather the storm and come out stronger. Our global team works across the aerospace and defense value chain to deliver sustainable competitive advantage to clients, create value, improve operations, and adapt new technology.
BCG has extensive experience helping aerospace and defense companies navigate challenges. Our aerospace and defense consulting teams work on projects across the entire industry.
BCG helped define guiding principles, processes, team structure, and timelines for the merger of two diversified defense companies, which created one of the world’s largest aerospace and defense companies and led to a significant increase in shareholder value.
AEROSPACE AND DEFENSE INNOVATION AND STRATEGY
At a US shipbuilding company, we led a cross-functional team through a sprint to generate ideas for cutting costs in the materials value stream and provided procurement personnel with new capabilities and tools to make supplier negotiations more strategic.
DIGITAL AEROSPACE STRATEGY DEVELOPMENT
We created a next-generation enterprise resource planning (ERP) and data-platform strategy for a commercial aircraft MRO company.
INTERNATIONAL GROWTH STRATEGY
We helped a leading US contractor negotiate a joint venture in the Middle East and win significant new business in that market.
New research shows that ministries of defense are losing ground in their campaign to innovate effectively.
Constant, enhanced connectivity—at less cost and with more capabilities—allows companies to offer new products and services that drive growth and create customer value.