Home / Press Releases / PwC: US Aerospace & Defense Firms Spend More in R&D for 2017

PwC: US Aerospace & Defense Firms Spend More in R&D for 2017

TYSONS CORNER, VA, Nov. 20, 2017 — PwC‘s global consulting unit has found a nearly $12 billion increase in the research and development budgets of U.S. aerospace and defense companies in 2017, led by Boeing (NYSE: BA), United Technologies Corp. (NYSE: UTX) and Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Friday.

Defense News reported Wednesday the Global Innovation 1000 study by PwC’s Strategy& indicates U.S. A&D companies are bigger R&D spenders than foreign companies, with the top five American firms investing $9.43 billion in R&D compared to $7.64 billion internationally.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
david.smith@executivemosaic.com

Check Also

Tina Kuhn, President and CEO of Cybercore Technologies, Announced as a Panelist for Potomac Officers Club’s 2019 Secure Supply Chain Forum on July 18th

Tina Kuhn, president and chief executive officer of Cybercore Technologies, will be featured as a panelist during Potomac Officers Club’s 2019 Secure Supply Chain Forum on July 18th. Register now for the forum right here

BAE Receives DARPA Contract to Integrate Machine Learning Into RF Equipment; Dave Logan Quoted

TYSONS CORNER, VA, July 10, 2019 — BAE Systems will work to update radio-frequency processing equipment with machine learning technology, as well as deliver and demonstrate the resulting hardware products, under a $4.7M contract from the Defense Advanced Research Projects Agency, ExecutiveBiz reported Tuesday.