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Bright spots in bleak economy


Friday, November 21, 2008

Posted by Courtney E. Howard

At a time of recession, when a majority of businesses are slashing budgets, eyeing the bottom line, continually conscious of the dwindling profits, how is it that other companies are growing, acquiring other firms, and expanding their portfolio product and services? What are they doing right? A great deal, I can only assume.

Common and central themes I have noticed among those technology firms in the mil-aero industry that are flourishing, even in the wake of what might be another economic depression (Curtiss-Wright and Kontron immediately come to mind), include: acceptance, partnership, and planning.

At a Kontron-hosted event this week, Norbert Hauser, vice president of global marketing at Kontron admitted that company management and personnel expect a decline in business over the next six to nine months, due to continued economic decline across the globe; yet, he and his colleagues also anticipate a full recovery, and more. They are realistic about attainable goals in the near term, accepting of situations outside of their control, and bullish on the future. I find it admirable.

At the same time, successful firms such as Kontron are investing in partnerships--not only with other, complementary industry vendors, but also with the user community. Executives continue to forge relationships with industry innovators, and to connect with systems designers and systems integrators seeking sound products and advice in these especially uncertain times.

Finally, executives at these organizations are proactively planning for the future. They have a roadmap in place and, when the global economy improves, they intend to act--deliberately and with precision.

For more executive-level insights, news, and announcements, be certain to visit the Defense Executive section of Milaero.com daily. Additionally, let your peers in the industry know what changes you have instituted to see your firm through trying economic times by commenting below or starting a discussion in the Command Post community (http://community.milaero.com/).

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1 Comments:
Blogger Courtney said...
Another company having success in difficult economic times, and therefore one to watch, is: Extreme Engineering Solutions Inc. (X-ES). X-ES has seen stellar growth in its six-year history, from startup to $20 million in revenue is impressive, says a company representative. "Along the way, we’ve satisfied multiple Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon and Rockwell Collins program requirements to mention a few." For more, visit www.xes-inc.com.
Wednesday, November 26, 2008 2:04:00 PM EST  


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Welcome to the lighter side of Military & Aerospace Electronics. This is where our staff recount tales of the strange, the weird, and the otherwise offbeat. We could put news here, but we have the rest of our Website for that. Enjoy our scribblings, and feel free to add your own opinions. You might also get to know us in the process. Proceed at your own risk.

John Keller for MAE
John Keller is editor-in-chief of Military & Aerospace Electronics magazine, which provides extensive coverage and analysis of enabling electronic and optoelectronic technologies in military, space, and commercial aviation applications. A member of the Military & Aerospace Electronics staff since the magazine's founding in 1989, Mr. Keller took over as chief editor in 1995.


Courtney Howard for MAE Courtney E. Howard is senior editor of Military & Aerospace Electronics magazine. She is responsible for writing news stories and feature articles for the print publication, as well as composing daily news for the magazine's Website and assembling the weekly electronic newsletter. Her features have appeared in such high-tech trade publications as Military & Aerospace Electronics, Computer Graphics World, Electronic Publishing, Small Times, and The Audio Amateur.


John McHale for MAE John McHale is executive editor of Military & Aerospace Electronics magazine, where he has been covering the defense Industry for more than dozen years. During that time he also led PennWell's launches of magazines and shows on homeland security and a defense publication and website in Europe. Mr. McHale has served as chairman of the Military & Aerospace Electronics Forum and its Advisory Council since 2004. He lives in Boston with his golf clubs.