Abstract
Abstract : A number of major changes in the international aerospace market continue; they will likely have major impacts on global defense and aerospace commerce. These developments include the following: * With the increase in complexity and cost of aerospace systems, it is much more difficult to reconcile the natural size of firms within national borders. * Government policy to reconcile the need for affordability of defense goods with national sovereignty leads to increasingly hard choices. * The aerospace industry is becoming increasingly globalized. * Advances in information technology continue to offer new technical possibilities. * Consolidation, and shakeout, of defense industrial firms means only a few potential bidders for projects. Accordingly, both governments and aerospace firms have made or are discussing changes to policies, strategies, and modes of operation to adapt to their changing environment. Our current research investigates the effects of these trends on the European and US defense industrial bases.
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