Opinion: Six Ways COVID-19 Could Change Defense Sector
The Military Industrial Complex Is Safe...
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April 2, 2020 - by Byron Callan for aviationweek.com
The coronavirus pandemic is going to be as consequential for defense and security as were the Sept. 11, 2001, attacks in the U.S. For the defense sector, there are multiple implications to ponder and possibly to begin to position for as these play out in 2021 and beyond.
Large contractors should fare relatively well in 2020, compared to other sectors. They will not see the demand destruction that is ripping through commercial aerospace and therefore are unlikely to experience financial duress. That alone may enable them to act strategically and aggressively in 2020 and beyond, although there are risks to weigh as well. Here are six changes to ponder:
First, a crisis the size of the COVID-19 pandemic is bound to spawn new government investment and organization to address future outbreaks....
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