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Long-term budget uncertainty, a growing emphasis on affordability, shifting defense priorities and troop draw-downs in conflict zones are all putting immense pressure on defense contractors and pointing towards flattened growth prospects in the U.S. market.
But low – or worse, negative – growth is not an option in today’s competitive marketplace. A new path to profitable growth must be found, if not at home, then in new markets and sectors where existing products and services can be adapted to suit new customers.
Many are finding that moving products and services into new international markets and adjacent sectors is proving to be much more complicated than it seems. At KPMG, we understand the pressure to achieve profitable growth and know what it takes to identify the right markets and the right entry strategies to grow profitably.