WASHINGTON — Amid Pentagon cuts for research and development, the top U.S. aerospace and defense firms have increased their own R&D spending by almost $12 billion in 2017.
According to the Global Innovation 1000 study by PriceWaterhouseCoopers, 30 of the top 1,000 companies in R&D spend count defense and aerospace as a primary industry. Among those, the top American companies spent $11.79 billion on R&D, $2.31 billion more than their foreign rivals.
Of the PwC’s top 1,000 list, Boeing topped U.S. defense and aerospace companies in R&D spending with $4.63 billion. United Technologies Corporation and Lockheed Martin ranked second and third with $2.34 billion and $99 million, respectively.
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WNU Editor: Overall, worldwide R&D is definitely big business ....
.... Across all sectors, worldwide R&D spending among the world’s 1000 largest corporate R&D spenders increased 3.2 percent in 2017 to $702 billion.
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