Aerospace manufacturing is a complicated process involving the manufacturing of a wide range of components that vary in specifications and functions. It is assessed that the airframe and engine constitute a quarter of the overall value of aircraft production. Simultaneously, the combined systems and avionics account for a further quarter of the total value chain.
The key factors impacting the Aerospace and Defense (A&D) industry as a whole include increasing demand for air travel, the record-level backlog of commercial aircraft orders, rising airline profitability, and growing defense spending. Volatility may occur due to oil supply-demand dislocations and geopolitical factors. For this reason, the Maintenance, Repair, and Operations (MRO) segment of the A&D industry is expected to expand.
We at Aerospace & Defense Review magazine have compiled a list of MRO companies that take advantage of this tremendous market opportunity to optimize MRO’s profitability and generate top-and bottom-line value with innovative enterprise applications designed to streamline operations. The solutions that these organizations provide aid in handling business resources, by bidding and quoting, visit planning and preparation, conducting contract maintenance; business success & performance reporting; and commercial invoicing.
We present to you, Aerospace & Defense Review’s “Top 20 MRO Companies - 2020.”