What is the future of contract acquisition and what new technologies will give them the edge in defense, aerospace and in the commercial industry?
The future of contract acquisition in defense, aerospace, and commercial industries is expected to be shaped by new technologies and capabilities. Companies in the defense industry will look to buy or partner for the capabilities they need to compete in nascent, high-growth markets[1]. A&D acquisitions will continue to be driven by the need for new technical capabilities, including hypersonic, cyber, and other hot technologies[2]. The use of digital thread and smart technologies are also expected to play a significant role in the future of aerospace and defense[5]. In addition, the Defense Department should widen the aperture of what qualifies a company to manage defense acquisition programs and consider including a broader range of companies, including those with software expertise[6]. The use of artificial intelligence, machine learning, and other advanced technologies are also expected to give companies an edge in defense, aerospace, and commercial industries. These technologies can help companies improve efficiency, reduce costs, and enhance decision-making capabilities. Overall, the future of contract acquisition in defense, aerospace, and commercial industries is expected to be shaped by a combination of new technologies, capabilities, and strategic partnerships.
Citations:
[1] https://www.bain.com/insights/aerospace-and-defense-m-and-a-report-2023/
[2] https://www.linkedin.com/pulse/aerospace-defense-deal-activity-2022-heating-up-amid-ryan-elliott
[3] https://www.defense.gov/News/Contracts/Contract/Article/3444761/
[4] https://www.pwc.com/us/en/industries/industrial-products/library/aerospace-defense-deals-outlook.html
[5] https://www2.deloitte.com/content/dam/Deloitte/it/Documents/public-sector/2023-outlook-aerospace-and-defense-deloitte.pdf
[6] https://warontherocks.com/2023/04/prime-time-for-software-reimagining-the-future-of-defense-acquisition/
The future of contract acquisition in defense, aerospace, and commercial industries is expected to be shaped by new technologies and capabilities. Companies in the defense industry will look to buy or partner for the capabilities they need to compete in nascent, high-growth markets[1]. A&D acquisitions will continue to be driven by the need for new technical capabilities, including hypersonic, cyber, and other hot technologies[2]. The use of digital thread and smart technologies are also expected to play a significant role in the future of aerospace and defense[5]. In addition, the Defense Department should widen the aperture of what qualifies a company to manage defense acquisition programs and consider including a broader range of companies, including those with software expertise[6]. The use of artificial intelligence, machine learning, and other advanced technologies are also expected to give companies an edge in defense, aerospace, and commercial industries. These technologies can help companies improve efficiency, reduce costs, and enhance decision-making capabilities. Overall, the future of contract acquisition in defense, aerospace, and commercial industries is expected to be shaped by a combination of new technologies, capabilities, and strategic partnerships.
Citations:
[1] https://www.bain.com/insights/aerospace-and-defense-m-and-a-report-2023/
[2] https://www.linkedin.com/pulse/aerospace-defense-deal-activity-2022-heating-up-amid-ryan-elliott
[3] https://www.defense.gov/News/Contracts/Contract/Article/3444761/
[4] https://www.pwc.com/us/en/industries/industrial-products/library/aerospace-defense-deals-outlook.html
[5] https://www2.deloitte.com/content/dam/Deloitte/it/Documents/public-sector/2023-outlook-aerospace-and-defense-deloitte.pdf
[6] https://warontherocks.com/2023/04/prime-time-for-software-reimagining-the-future-of-defense-acquisition/