Aerospace and defense

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  • This topic has 2 replies, 2 voices, and was last updated 9 months ago by Mike R.
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  • #350 Reply
    Mike R
    Keymaster

    Although aviation has been hard hit by SARS-Cov-2, military spending may continue to increase. According to the Stockholm International Peace Research Institute, world defense spending has increased by over 2% for the last two years and this covers everything from traditional weaponry to new, advanced robotics and exotic weapons. In a world beset by an increasingly complex and multipolar geopolitical situation, it is likely that this trend will continue.

    #547 Reply
    Kyle G
    Participant

    Despite the spread of COVID-19, many aerospace firms were reopened mid-March under the authorization of being an essential business since many of its contracts are with the US Air Force. Blue Origins even continued its first ever MBA Rotational Program (albeit at an adjusted and lower acceptance rate).

    Firms like Blue Origin, Space X, and Virgin Galactic all have wealthy founders who have poured millions of their own money to drive the space mission, yet they also were planning to rely on suborbital tourism and university research to ease cash flow. While the their biggest contracts will keep them moving forward, the lack of cash flow is likely to make budgets a bit tighter.

    #551 Reply
    Mike R
    Keymaster

    The space sector is very interesting but it might be difficult to break into at this moment in time as I can imagine that many engineers who have been laid off or furloughed from civil aviation suppliers will be chasing these jobs.

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