Aerospace Manufacturing – Indiana (IN)

Like many industries over the past few years, aerospace product and parts manufacturing companies in Indiana have faced countless challenges and embraced many available opportunities.

While manufacturing leaders are focused on streamlining the manufacturing process, issues with part shortages, production slowdowns, labor shortages, cybersecurity and the integration of artificial intelligence (AI) persist. Perhaps the biggest concern for manufacturers is inflation. Not only is it driving up the cost of supplies, but it’s decreasing buying power and borrowing options ultimately creating a cashflow issue for aerospace product and parts manufacturers. Throw in external factors like decreased purchasing power at the Department of Defense and from commercial airlines, and your growth trajectory may look different in this environment.

When facing times of uncertainty, manufacturers must manage the variables they can control. Your relationship with your accounting firm is one of those factors.  Working with a certified public accounting (CPA) firm with the relevant technical expertise and experience in your industry will allow you to navigate tax liabilities and present a strong financial picture for audit requirements and management decisions.

Aerospace Manufacturing Experience – Indiana (IN)

Adams Brown, Strategic Allies and CPAs, is a certified public accounting and professional services firm that specializes in serving the accounting, tax, audit, technology, cybersecurity, and wealth management needs of aerospace manufacturers, executives, and owners. Our team has years of experience working with manufacturers of all sizes in Indiana, helping them realize financial goals and reduce their compliance burden.

Doing business in today’s environment is complicated. Whatever your situation, our team stands ready to assist.

Aerospace Manufacturing Friendly States

A recent PWC report, Aerospace Manufacturing Attractiveness Rankings, highlighted the states most attractive for civilian and military aerospace manufacturing. The list includes Connecticut (CT), Oklahoma (OK),  Arkansas (AR), Colorado (CO), Indiana (IN), New York (NY), Virginia (VA), Georgia (GA), Utah (UT), Ohio (OH), Missouri (MO), North Carolina (NC), and Alabama (AL). Ratings were also provided on foreign activity contributing to domestic manufacturing demand.

WHAT CLIENTS HAVE TO SAY

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Aerospace Manufacturing Services – Indiana

  • Outsourced Accounting
  • Controller & CFO Services
  • Payroll
  • Tax Planning & Compliance
  • Audit & Assurance Services
  • Managed IT Services
  • Cybersecurity Consulting
  • Merger & Acquisition Consulting
  • Technology and vCIO Consulting

Indiana Aerospace Manufacturing

The Indiana aerospace industry is a vital component of the state’s economy, encompassing a wide range of activities such as aerospace manufacturing, maintenance, research, and development. Indiana serves as a hub for aerospace manufacturing, producing aircraft components and engines, which not only contributes to the state’s manufacturing output but also creates numerous job opportunities. Maintenance, Repair, and Overhaul (MRO) facilities play a crucial role in ensuring the safe and reliable operation of aircraft, both commercial and military, while research institutions and universities in the state drive innovation in aerospace technology.

Indiana also secures defense contracts related to aerospace, supporting the U.S. military. The industry places a strong emphasis on workforce development, collaborating with educational institutions to train a skilled workforce. Overall, the Indiana aerospace industry has a significant economic impact, fostering growth, and innovation in this critical sector.