Aerospace Manufacturing – North Carolina (NC)

Like many industries over the past few years, aerospace product and parts manufacturing companies in North Carolina 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 CPA Firm Experience – North Carolina (NC)

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 North Carolina, 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.

Aerospace Manufacturing CPA Firm Services – North Carolina

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

North Carolina Aerospace Manufacturing

North Carolina’s aerospace manufacturing sector is a significant contributor to the state’s economy. It is characterized by the presence of major aerospace companies and a strong focus on research and development. Key players in North Carolina’s aerospace manufacturing industry include companies like GE Aviation, Honeywell Aerospace, and Spirit AeroSystems. These companies are involved in various aspects of aerospace manufacturing, including aircraft engine production, avionics systems, and aircraft components.

The state also boasts a well-developed aerospace supply chain, with numerous suppliers and manufacturers providing critical components and materials to support the aerospace industry. North Carolina’s aerospace sector benefits from a skilled workforce, with educational institutions and training programs catering to the needs of the industry. Furthermore, the state emphasizes research and development in aerospace, with partnerships between aerospace companies and academic institutions driving innovation in the sector.

NATIONAL REACH

Adams Brown serves aerospace manufacturers located in Alabama (AL)Arizona (AZ)Arkansas (AR)California (CA)Colorado (CO)Connecticut (CT)Florida (FL)Georgia (GA)Indiana (IN)Kansas (KS)Ohio (OH)Oklahoma (OK)Michigan (MI)Missouri (MO)New York (NY)North Carolina (NC)Texas (TX)Utah (UT)Virginia (VA) and Washington (WA).