Value chain
- Prime contractors
- Electronic systems
- Specialty components
- Software
- Maintenance
Research theme
Defense Spending
A study of modernization budgets, electronic systems, mission-critical components, and program execution.
Working thesis
What the theme research is testing
Sustained modernization can support select suppliers, while contract structure, program concentration, and execution determine whether revenue becomes attractive returns.
Potential beneficiaries
- Qualified component suppliers
- Secure communications providers
- Modernization contractors
Principal risks
- Budget changes
- Program delays
- Cost overruns
- Customer concentration
Monitoring questions
- Which programs have funded backlogs?
- Where are qualification barriers highest?
- Is execution improving?