Not every industry can infuse the global economy with hundreds of billions of dollars, involve itself in protecting nations and lay claim to some of the most important technological innovations in the history of man.
However, one that can is the aerospace and defense manufacturing industry, which is why understanding it is so important to any business involved in the design, engineering or manufacturing of aerospace and defense components and products.
According to the Society of Manufacturing Engineers, the aerospace and defense manufacturing industry is worth more than $170 billion. It accounts for nearly $100 billion in export sales in the U.S. economy, roughly 5 percent of the country’s gross domestic product and employs hundreds of thousands of people —nearly 900,000 to be more precise.
Those who work for companies involved in the aerospace and defense industry play a critical role in ensuring the safety and security of the world’s population. They’re responsible for researching, designing, manufacturing and operating military aircrafts and tools used to fight terrorism and protect the world both politically and economically.
In a world where borders are becoming increasingly blurred, this is no easy task, which explains why governments are increasingly interested in—and investing in—this industry. Governments are constantly striving to ensure they have the most sophisticated aircrafts available, and they’re pushing companies to innovate at a faster pace than ever before.
Unmanned drones have changed the way U.S. soldiers fight against terrorism in Afghanistan. Fighter jets fly higher and faster than ever before, and the technology engineered for the military are also making their way into commercial and private aircrafts, making them safer and more fuel-efficient.
As the way countries defend themselves change, so too does the expectation of precision, fuel efficiency and reduced costs.
Luckily, companies that deliver world-class prototype and production services are up to the challenge, producing rapid prototypes, machining with precision and delivering orders on time and on budget. Download a PDS brochure for more information about our services.