The defense sector has been significantly affected by technical advances. This is true not only of the platforms and equipment that armed forces are constantly demanding, but also of the internal mechanisms that defense companies use to get such goods and services to market. Despite the fact that global defense investment is still high, COVID-19 is looming over virtually every industry as we speak. The full economic effect of this global health emergency is uncertain, but defense contractors should keep an eye on possible supply chain disturbances and ensure cross-border coordination and participation. Despite these challenges, after two decades of asymmetric warfare in the Middle East, Western countries are investing in major defense systems such as aircraft, submarines, and nuclear weapons. As a result of this recapitalization initiative, defense investment has been steadily increasing, as has demand for newer platforms that integrate AI and other resources to transform data into an operational advantage. The growth in spending may be cause for optimism for defense solution suppliers, but there is a feeling of ambiguity. Existing players will continue to be weighed down by new competition, increased digitization, and shortened procurement periods. In order to survive in unpredictable times, leadership teams must prepare ahead of time rather than responding to changes. From the internet and computers through helicopters and GPS, the defense industry has been responsible for numerous revolutionary technical developments. Western nations have invested heavily in R&D over the years in order to stay a step ahead of the competition and achieve first-mover advantage.Editor's NoteTechnology, and Workforce Trends Shape the SectorChief editorEmma WatsonEditorial StaffJennifer NicoleErin DanielVisualizersCarolyn RyanSteve DuenesSalesMark Clarkmark@industry-techoutlook.comIndustry Tech OutlookInsight On Emerging Technology
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