In the survey, 80 percent of executives said they believe they will face a tough competitive environment overseas, but only 6 percent of them are confident that their companies are well prepared to play in this field. — Avascent”WASHINGTON, DC – On July 14th, National Defense Magazine commented on the joint Avascent – FleishmanHillard effort to better understand the future of the global A&D sector. U.S. defense industry sales are lagging, while ITAR regulations further shrink the internationally facing U.S. defense market down to a narrow range of products. Meanwhile customers that previously shopped at U.S. defense manufacturers are considering other providers for their military needs. For example, China’s unmanned aviation exports may not be the most sophisticated on the market, but they are cost effective. Saudi Arabia is reported interested in Chinese unmanned aircraft, which include the Yilong—a drone that unsurprisingly closely resembles the U.S. Air Force Predator. Other emerging manufacturing rivals include Israel, India, Brazil, Canada, South Korea, Turkey and the United Arab Emirates.
Click here to read “Survey: U.S. Defense Industry Fears Losing Competitive Edge.”