Impacts of Brexit on Aerospace Industry | FTI Consulting

Impacts of Brexit on the Aerospace Industry

Economic Consulting | Aerospace & Defense

October 30, 2017

FTI Consulting is an independent global business advisory firm dedicated to helping organisations manage change, mitigate risk and resolve disputes.

With dedicated teams in key political and commercial capitals, FTI Consulting is well placed to help you navigate your Brexit challenges and manage commercial risk. Our Brexit Leadership team outlines the key issues facing the aerospace industry and what companies should be focusing on amidst the political uncertainty.

The Aerospace industry has already been facing multiple issues impacting performance:

Business Environment

  • Increasing global competition
  • Military spending under pressure
  • Growth opportunities in emerging nations and middle east
  • Commercial aerospace taking off especially in emerging countries

Customer Perception

  • Increased push for indigenous manufacturing and development of local supply chain
  • MODs starting to engage other technology firms for surveillance
  • Inclination towards cleaner and faster transportation solutions

Operational Threats

  • Ageing workforce
  • Less agility as compared to non-core defence technology firms
  • Need to move away from linear model of product development
  • Production challenges continue
  • Supply chain models still juvenile and disengaged from operational strategy

Emerging Technologies

  • Emergence and continued adaption of remotely operated machines
  • Technologies that improve customer experience are receiving more prominence
  • Emerging technologies (Hyperloop, Jet propulsion in commercial sector)

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