Shifting design responsibility puts greater burden on aerospace suppliers
Today, supplier-created content represents 50%-60% of the value of an aerospace system, according to Lockheed Martin Executive Chairman Bob Stevens, and he predicts that figure will continue to grow. This is creating incredible pressure on lower-tier suppliers, but can they manage the change?
To survive, much less thrive, experts say, suppliers will need to make step-change improvements in managing operating costs, be more innovative and forge closer partnerships with their OEM customers.
Tony Velocci, a 23-year veteran of Aviation Week, in the whitepaper, “The OEM Handoff” answers the question of how can suppliers drive closer coordination with OEMs to deliver the optimal customer experience, while improving quality, delivering faster and driving down cost.