This is not your father's aerospace and defense industry. Chances are, soon it won't be yours either. The A&D sector is undergoing a once-in-a-generation change, a shift from one paradigm to another-or at least that is what practically every executive, analyst and consultant says, and more than a few government officials, too. What emerges and who inherits it are the great unknowns, but one thing seems certain: It is practically all up for grabs in a way not seen since after World War Ⅱ. "Things are changing and will change pretty fundamentally," says Steven Grundman, Lund Fellow for Emerging Defense Challenges at the Atlantic Council.
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