It is not a secret that the Aerospace & Defense sector is currently one of the most relevant in the US market. Lately, this industry has been growing at a steady rate, being the focus of large investments, with North America being the biggest contributor to the worldwide market’s growth and turning it into the equivalent of around 3% of the national GDP.
The Aerospace & Defense industry’s growth is based on the development of innovative products and new technologies. Some of the innovation trends within this industry are:
- Develop new meteorological precision software;
- Improve training simulators;
- Implement technologies to accurately predict the timely maintenance of aircraft;
- Experiment with integrating eco-friendly fuels;
- Experiment with 3D printing for supply chain and spare parts;
- Develop new software using trending technology such as artificial intelligence to automate manufacturing processes;
- Develop methods to cut production costs and product weight;
- Include new profitable materials to optimize process/product performance;
- Develop processes that would meet increasing regulatory requirements.
Chances are your company is already involved with some of these activities, so don’t leave money on the table! We specialize in helping companies finance innovation and secure funding for their Research and Development (R&D) activities through the comprehensive management of R&D Tax Credits.
With FI Group’s expertise in the Aerospace & Defense sector, you can easily access the R&D Tax Credit and boost your Tax Strategy. Contact us today to start your process and unlock the potential benefits for your business.
