From Great Idea to Profitable Production Parts: History of aDelicate Operation

The aerospace business has always been driven by innovation. A significant portion of the overall business technology development strategies is still based today on improved materials and coatings. In this highly regulatory business environment, large amounts of funding are required to increase the maturity level of novel technologies, but the evolution process still remains a delicate endeavor. The technical risks involved during technology development obviously need to be managed and mitigated throughout the development cycle, but other hurdles almost inevitably get encountered, such as budget limitations, transition from lab scale to production scale, loss of focus, intellectual property negotiations and supply chain integrity. This presentation will cover some of the issues raised when a great idea is slowly morphed into an aerospace production part.