Mentions of the future of work in aerospace and defense company filings increased by 37% between the last quarter of 2021 and the first quarter of 2022.
Overall, the frequency of sentences related to the future of work between April 2021 and March 2022 was 833% higher than in 2016, when GlobalData, from which our data for this article was taken, for first started tracking the key issues identified in the chip company.
When companies in the aerospace and defense sectors 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. The future of work 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 prepared to survive unforeseen challenges.
To assess whether the future of work 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 the future of work at least once in documents in the last twelve months – this was 77% compared to 14% in 2016. Second, we calculated the percentage of all analyzed sentences that refer to the future of work .
Of the 20 largest employers in the aerospace and defense sector, BAE was the company that made the most references to the future of work between April 2021 and March 2022. GlobalData identified 11 future-of-work judgments in the documents of the UK-based company – 0.18% of all sentences. Leonardo mentions the future of work in second place – the issue is mentioned in 0.17% of the sentences in the company’s documents. Other top employers with high mentions of the future of work include HAL, Rheinmetall and Airbus.
This analysis gives a rough indication of which companies are focusing on the future of work 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 mentioning the future of work more often is not necessarily evidence that it is using new techniques or prioritizing the issue, nor does it indicate whether the company’s future of work endeavors have been successful or unsuccessful.
GlobalData also categorizes the future of work mentions through a series of subtopics. Of these subtopics, the most frequently mentioned topic in the first quarter of 2022 was “collaboration tools,” which accounted for 67% of all Future of Work subtopic mentions by companies in the aerospace and defense sector.