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Breaking the innovation barrier

Breaking the innovation barrier

The future of the aerospace and defence (A&D) sector belongs to those with the will to innovate.

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Office Managing Partner - Ottawa, Global Lead Partner, Government of Canada & Aerospace and Defence Industry, Sector Leader

KPMG in Canada

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​The future of the aerospace and defence (A&D) sector belongs to those with the will to innovate. And while the spirit of innovation lives among Canada's A&D manufacturers, it will take a greater push to thrive both at home and abroad.

The good news is we are on the right path. A competitive Canadian dollar has helped fuel aerospace export activity by 15% in the last year alone, and the sector con­tinues to attract global interest. Our primes and other members of the domestic supply chain are driving the industry forward in new and exciting ways, and our country's affinity for nurturing innovative activities also brings great value to global A&D supply chains.

This drive to evolve and supply the Canadian Armed Forces with the most advanced equipment and services has made Canada a true innovator in the research and development (R&D) space. However, we are not alone. As new products, services, and other innovations enter the fray, Canada must continue to hone its competitive edge.

The dawn of a new day

Global A&D manufacturers are responding to the demand for innovation. According to KPMG's 2016 Global Aerospace and Defense Outlook, close to half of international A&D players are planning to launch one or more products within the next two years, and similar numbers are investing more than six percent of their revenue in R&D and innovation over that same period.

The survey also reveals an urgency among global A&D players to strengthen innovation by:

  • Identifying partners who can help reduce the cost, improve the pace, and unlock commercialization of their innovation in­vestments;
  • Exploring opportunities to adapt and leverage commercial capabilities to dramatically transform the development process; and
  • Prioritizing initiatives that can be leveraged across the enterprise or in multiple markets and lines of business.

Download the full article to learn more about how global A&D manufacturers are responding to the demand for innovation.
 

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