American life changed dramatically in 2020, forcing extraordinary—and previously unimagined—shifts in the Aerospace & Defense (A&D) industry. COVID’s impact was immediate and profound. Commercial aviation ground to a near halt as our nation and world contended with massive headwinds that COVID-19 generated. The defense sector also faced challenges as a patchwork of government mandates and restrictions initially complicated operations. As a consequence, the shared A&D supply chain, comprising thousands of small and medium-sized companies across the country, faced immense financial and logistical challenges to support existing defense sector contracts and replace lost civil sector sales.
This year’s Facts & Figures: Aerospace & Defense helps us examine these shifts to better understand the position in which industry now finds itself, as well as the opportunities for our workforce and our businesses that are on the horizon.
Download the Facts & Figures Report