The next major defense manufacturing player will likely be a company based in South Carolina, according to a new report from McKinsey & Company.
The company has identified more than a dozen manufacturing technologies that are critical to the military’s modernization and capabilities.
The report predicts that in the next three to five years, the next-generation defense manufacturing companies will create about 7 million jobs, while the Pentagon will have to invest $500 billion annually to upgrade its equipment and facilities.
The firm also predicted that the next defense manufacturing industry will be one focused on emerging technologies, including robotics, biotechnology, and bioremediation.
The next-gen manufacturing companies would also benefit from government support, including the $500 million earmarked by the Pentagon to fund research into robotics, the company said.
“We see opportunities for these technologies to grow,” McKinsey Vice President of Global Government Innovation and Strategy Christopher M. Brown said in a press release.
“Our research shows that the technologies being developed in the manufacturing sector are being deployed by the military in ways that are not possible with traditional manufacturing processes.”
Brown said that the companies McKinsey is exploring are not necessarily the next big thing, but they are also not out of the question.
“They have the potential to be a game-changer,” Brown said.
The Pentagon is expected to spend $50 billion in its next budget year to upgrade existing equipment and infrastructure.
But the Pentagon is still looking for other areas of investment to boost its technology capabilities.
Brown told Business Insider in a phone interview that he thinks the next generation defense manufacturing firms will be driven by new ideas, not by traditional manufacturing methods.
“It’s going to be the old guys in there, and they’re going to take their old ideas and turn them into something new,” Brown told BI.
“If you don’t know how to do something, you’ll find a way to do it.
If you don�t have an idea, you will come up with one.”
Brown thinks that a number of the companies on the list are looking to build new manufacturing technologies.
“These companies have ideas that are new and exciting.
They’re going with the old-school approach of thinking about how do you make a gun, or how do we build a submarine, or what is the best way to make a vehicle,” he said.
A number of these companies are focused on building prototypes, which can be used to demonstrate the new technology and prove its safety.
Brown and others believe that these companies have the opportunity to create new manufacturing processes that are similar to those used in manufacturing today.
The biggest of these new manufacturing companies are expected to be General Atomics, a defense contractor based in Kansas City, Kansas.
Brown also believes that General Atoms, which is based in Florida, will be the next major player in the military hardware industry.
“General Atoms is a really interesting example of this, because they’re trying to take the old way of doing things and reinvent it,” Brown explained.
Brown is not the only one to think that General Asics is poised to become a leader in the defense industry. “
What General Atomes is doing is they’re building the prototypes that they’ll use to make their new guns,” he added.
Brown is not the only one to think that General Asics is poised to become a leader in the defense industry.
The Department of Defense announced a $100 million initiative last year to help companies like General Atomas and General Dynamics to test and produce small arms and small-arms ammunition for the Army and Navy.
Brown believes that there are other new companies like them in the pipeline.
“I think there’s a lot more to come,” Brown added.
“A lot of these guys have really cool ideas, but I think they have a real shot at doing it.”
The next generation of defense manufacturing is likely to be based in the US.
“This is a global industry,” Brown noted.
“The next generation will be based here in the United States.
It’s the next frontier in military manufacturing.”
In addition to being the United State, the United Kingdom is also looking to grow its defense industry, with the government planning to spend up to $100 billion on new defense equipment and technology over the next decade.
“When you think about the world in 2020, you’re looking at the US, France, Japan, Germany, and Italy, and those are countries that are going to need billions of dollars to upgrade their military infrastructure,” Brown pointed out.
Brown, who is also the vice president of McKinsey’s global defense practice group, said that there will be more companies like him in the future, including ones that will be focused on robotics, automation, and energy, as well as other areas.
“That’s where the opportunities are,” Brown stressed.
“In the past, the biggest military technology companies were focused on defense,” he told BI, but he believes that