The future looks promising for the global Aerospace & Defence (A&D) industry according to KPMG International's latest survey report ‘Global Aerospace and Defense Outlook: The dawn of a new day'.

Close to two-thirds of the senior executives who participated in the survey say they are confident or very confident about their companies' growth prospects over the next two years. Aircraft OEMs and major defence contractors seem particularly upbeat about their growth strategy with 100 per cent of the respondents from larger organisations (those with global annual revenues of more than USD10 billion) feeling optimistic about their growth prospects.

According to the survey of 76 senior A&D executives from around the world, 41 per cent believe that growth will be an extremely high priority over the next two years.  This is up from just 13 per cent last year.

That being said, KPMG's Global A&D Outlook survey also clearly indicates that cost and performance management are still high on the agenda for A&D organisations (81 per cent are focused on improving cost and performance management). This suggests that many organisations are placing growth-oriented bets on new technologies and services while emphasising cost reduction and consolidation in their slower-growth or declining segments.

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