The global aerospace, defence & security industry experienced a 57% drop in company filings mentions of cloud in Q1 2024 compared with the previous quarter, with the highest share accounted for by Axon Enterprise with 44% year-on-year decrease, according to GlobalData’s analysis of over 32 aerospace, defence & security company filings. GlobalData’s Aerospace, Defense & Security: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Smarter leaders trust GlobalData
Notably, cloud was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of mobile and quantum computing, according to GlobalData.
Of the top leading companies in the aerospace, defence & security industry, Axon Enterprise had the greatest increase in references for cloud in Q1 2024, compared with the previous quarter. GlobalData identified 23 cloud-related sentences in the company's filings - 2% of all sentences - and a decrease of 44% in Q1 2024 compared with Q1 2023. Kongsberg Gruppen’s mentions of cloud dropped by 64% to 4 and General Dynamics’s by 40% to 3 and BAE Systems’s by 33% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q1 2024 was 83.
For further understanding of GlobalData's Aerospace, Defense & Security: Filings Trends & Signals Q1 2024, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
