Mentions of cloud computing in aerospace and defense company filings grew 265% between the first and second quarters of 2022.
Overall, the frequency of sentences related to cloud computing between July 2021 and June 2022 was 200% higher than in 2016, when GlobalData, from which our data for this article was taken, first path began to track the key issues identified in company documents.
When companies in the aerospace and defense sector publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual sentences that relate to the disruptive forces facing the companies in the coming years. Cloud computing is one of those topics – companies that excel and invest in these areas are believed to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.
To assess whether cloud computing is more present in the summaries and strategies of companies in the aerospace and defense sector, two measures were calculated. First, we looked at the percentage of companies that mentioned cloud computing at least once in documents in the last twelve months – this was 68% compared to 28% in 2016. Second, we calculated the percentage of the total number of sentences analyzed that refer to cloud computing .
Of the 20 largest employers in the aerospace and defense sector, Leonardo was the company that referred to cloud computing the most between July 2021 and June 2022. GlobalData identified 57 cloud-related sentences in the company’s documents in Italy company – 0.7% of all sentences. General Dynamics mentions cloud computing in second place – the issue is mentioned in 0.2% of sentences in the company’s documents. Other leading employers with many cloud mentions include Leidos, Thales and Saab.
Among all companies in the aerospace and defense sector, the document published in the second quarter of 2022 that shows the greatest focus on cloud computing comes from Leonardo. Of the 3,598 sentences in the document, 27 (0.8%) refer to cloud computing.
This analysis gives a rough indication of which companies are focusing on cloud computing and how important the issue is considered to be in the aerospace and defense sector, but it also has limitations and should be interpreted carefully. For example, a company’s more frequent mention of cloud computing is not necessarily evidence that they are using new techniques or prioritizing the problem, nor does it indicate whether the company’s cloud computing ventures have been successful or unsuccessful.
In the last quarter, aerospace and defense companies based in Western Europe were the most likely to mention cloud computing, with 0.14% of sentences in company documents addressing the issue. In contrast, companies based in the United States mentioned cloud computing in only 0.04% of sentences.