Cost reduction top priority for aerospace executives
Pressure to reduce costs is the top priority facing aerospace executives, according to a new survey by global management consultancy Accenture.

Pressure to reduce costs is the top priority facing aerospace executives, according to a new survey by global management consultancy Accenture. As a result, companies will be forced to increase the use of external engineering services over the next three years, it finds.

The survey, carried out with 31 senior executives in “leading aerospace and defense companies worldwide” revealed that 61 percent were already buying in engineering services to improve management of production costs. Supplier consolidation was the second major challenge, followed by increased competition from new players in the industry.