BOXARR's Defense value proposition across the economic cycle

Updated: Jun 3, 2021

The global aerospace and defense industry is expected to return to growth in 2016 with total sector revenues estimated to grow at 3.0 percent, according to the Deloitte Touche Tohmatsu Limited (Deloitte Global) Consumer & Industrial Products Industry group’s 2016 global aerospace and defense sector outlook. The return to growth in 2016 is expected to be fueled by increases in the US defense budget, a resurgence of global security threats, and growth in defense budgets of key nations around the world, such as the UK, France, Japan, India, and several Middle Eastern countries. Global revenues in the defense sub-sector are expected to return to growth in 2016, as governments equip their armed forces with modern defense weapons platforms and next-generation technologies, including cyber, intelligence gathering, defense electronics, and precision strike capabilities. Likewise, relatively stable growth in global GDP, lower crude oil and other prices, and continued increases in passenger travel demand are contributing to expected growth in production rates for next-generation commercial aircraft.

This is certainly encouraging, however, it's well known that the behemoth defense and aerospace industries have been in a long period of consolidation and are not swift to turn. OEMs and their associated supply-chain tiers are still dealing with the economic realities of today and in a 'program-budget oriented' industry, spend is still highly conservative. BOXARR's immense value to defense organisations in program delivery is evident in its adoption by some of the world's largest aerospace and defense OEMs and armed forces. Optimising integrated systems, supply chain, and production processes are immensely beneficial to system design and program delivery. However, what is also important to realise is that BOXARR provides organisations with tangible value across the economic cycle; in periods of both growth and consolidation.