Two essential markets are served by Aerospace/Defense Industry. The first one contains manufacture, sale, and service of commercial aircraft which is related to aerospace area. The second one refers to defense area which is dependent on the nation’s requirements for military weapons and systems, it is designed to run on land, sea, and the air. Historically, the United States had provided the largest market for commercial aircraft. But, nowadays the story is converted and there are many various competitors across the world that work in the sphere of aircraft.
Aerospace and Defense presents their services to special customers, also their clients in common. The main customers are the world’s airlines and after that general aviation, companies, or individuals deal with this industry. This industry includes manufacturers of civil or military aerospace and defense equipment. Aerospace manufacturing is a high-tech industry that produces “aircraft, guided missiles, space vehicles, aircraft engines, propulsion units, and related parts.”
Enabling research and development, as well as design, production, delivery, and maintenance of military weapons systems is the primary function of defense industrial sector. Due to the high level of sensitivity, extensive projects and diversity of customers, members of this group are particularly sensitive to the success or failure of programs. But in most cases, according to the large and complicated projects it is considerable to be focused on amount of expenditures. As always, Timeliness, updated knowledge and coordination are important to remain as a strong competitor in this industry.
