Mary-Louise Hoffman
Computer Sciences Corp. and the Aerospace Industries Association have released the findings of a survey that highlights business, technology and economic perspectives from aerospace and industry executives.
The 2015 A&D Market Survey says companies are investing more in efforts toward product innovation, technology improvements and cybersecurity, CSC said.
Forty-one percent of senior executive respondents said their organizations seek to modernize information technology applications with cloud computing technology and 67.8 percent said their companies have increased spending on tools against cyber threats.
Defense firms forecast slower pace of growth for rotary and fixed-wing aircraft sales over the next decade, according to CSC.
The U.S. military unmanned aerial vehicle market will see a 12 percent compound annual growth rate and generate $187 billion by 2018, the report says.
CSC and AIA predict a 12 percent average year-over-year growth for the worldwide space subsegment.
