WASHINGTON, DC — November 11, 2015
Only a third of respondents were confident their organizations could adapt and exploit technology from abroad.”Faced with uncertain budgets and demanding customers, defense executives are pushing hard to drive cost-effective technological improvements. With generous government-funded research and development (R&D) now scarce and defense customers calling for Silicon Valley-style technology breakthroughs, Western defense firms are looking to two sources of external innovation: commercial firms and foreign defense industry counterparts.
While the potential is clear, challenges abound — from differing business environments and clashing corporate cultures to onerous contracting and security rules.
To better understand the role R&D-driven innovation will play in shaping the defense sector, Avascent surveyed more than 200 aerospace and defense executives. Our interlocutors were unambiguous: Success in leveraging commercial or foreign-derived R&D for defense purposes remains sporadic. Nevertheless, the defense sector is slowly but surely signaling a sustained shift in business processes…
To read the full article, click here: “Commentary: Industry Grapples With Emerging Tech Sources“