Aerospace Manufacturing – New York (NY)

Like many industries over the past few years, aerospace product and parts manufacturing companies in New York 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 – New York (NY)

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 New York, 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

“I have a great advisor who knows and understands our needs. My advisor is always kind, has great advice and is willing to listen to our company needs. Thank you!”
MANUFACTURER – HAYS, KS

Aerospace Manufacturing Services – New York

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

New York Aerospace Manufacturing

New York’s aerospace manufacturing sector is a significant contributor to the state’s economy, characterized by a combination of major aerospace companies, a focus on research and development, and a skilled workforce.

The state is home to several prominent players in the aerospace industry, including Lockheed Martin, which has a substantial presence in New York, specializing in aerospace systems, defense technologies, and advanced aerospace research. Northrop Grumman is another major company with operations in the state, contributing to space exploration and defense technologies.

New York places a strong emphasis on research and development within the aerospace sector, with collaborations between industry leaders and academic institutions fostering innovation and the development of cutting-edge aerospace technologies.

The state has a well-established aerospace supply chain, with numerous suppliers and manufacturers providing critical components and materials to support the industry’s production and growth.