Aerospace and Defense

Maximizing Aerospace & Defense Opportunities through Cost and Reliability Analytics

With volatile geopolitics, uncertain budgets and complex supply chains, defense and aerospace companies need insights to navigate uncertainties that can negatively impact bottom lines and shareholder value.

From Airplanes and Spacecraft to Tanks and Drones, Lumivero Helps Push the Boundaries of What’s Possible.

Lumivero provides software solutions that leading aerospace firms and defense contractors use for robust analytics such as Monte Carlo simulation, optimization, decision trees, sensitivity analysis, and predictive data analysis to Microsoft Excel—without requiring a statistical analytics degree.

Supply Chain Management

A reliable supply chain is critical for aerospace and defense contractors, and even a slight delay or shortfall can have massive ramifications. With Lumivero’s software solutions, firms can optimize multiple suppliers to minimize failure points and maximize the probability of deliveries, as well as identify high-risk areas in the supply chain that require mitigation strategies.
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Cost Estimates

Accurate estimates for the costs of research, materials, fabrication, and labor are essential when quoting massive aerospace and defense projects. With Lumivero’s software solutions, contractors can get a realistic, probabilistic estimate of materials and labor costs throughout the entire design and build process, as well as understand the likelihood of going over budget under a variety of scenarios.
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New Technology Investments

Aerospace and defense are under constant pressure to adopt new technologies that maximize safety for passengers and soldiers. Yet they have to invest in these technologies without knowing if budgets will be sufficient to deliver a long-term return on investment. Lumivero’s software solutions let decision-makers assess their potential exposure and help determine the best course of action to remain competitive and profitable.
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Additional Benefits for Aerospace and Defense

Engineering Reliability

Gain insight into confidence levels around the risk of equipment failure or safety violations. Identify areas of weakness to ensure quality results and prevent failures.

Price and Currency Hedging

Mitigate exposure to commodity and currency volatility through an optimized options and futures strategy that accounts for uncertainty.

FAQS

Everything You Need to Know 
to Elevate Your Research

How is data analysis used in aerospace?

Data analytics tools help you analyze, predict and visualize information to develop the most accurate models while offering multiple types of analysis on data sets

How does risk analysis help those in aerospace and defense?

The aerospace and defense industries are under pressure to adopt new technologies that minimize threats. By using Lumivero’s risk analysis tools, decision-makers can see simulations of different scenarios, assess their potential exposure and determine the best course of action to remain competitive and profitable.

How does Lumivero help those in the aerospace and defense industries conduct cost estimation?

Use Lumivero’s risk analysis and simulation software suite to get an accurate, probabilistic estimate of materials and labor costs throughout the entire design and build process. Understand the likelihood of going over budget under a variety of scenarios.

How does Lumivero help calculate currency volatility?

Lumivero provides a variety of integrated and standalone tools for risk analysis and decision-making under uncertainty. Mitigate exposure to commodity and currency volatility through an optimized options and futures strategy that accounts for uncertainty.

Featured Case Studies

AMSAA

The US Army Materiel Systems Analysis Activity (AMSAA) conducts critical analyses to provide state-of-the-art analytical solutions to senior level Army and Department of Defense officials.

UK Ministry of Defense

UK Ministry of Defense projects, including major equipment procurement projects, can be large and complex. A Project Risk Maturity Model incorporating @RISK has increased the number of projects delivered on time and in budget.

Lockheed Martin and NASA

NASA and Lockheed Martin are working to plan the first manned mission to Mars, a multi-staged project requiring careful scheduling and planning to meet milestones efficiently. The project relies on the power of @RISK to determine key risk factors and to analyze how the different risk factors will impact the overall schedule, where every milestone is crucial and millions are at stake.
"I use @RISK in developing current-state and future state for my clients."
Edward Biernat
Consultant with Impact LTD
“@RISK might have changed history.”
Wayne Winston
Indiana University
”We use [@RISK] for assessing uncertainty in our load forecast.”
Frank McGowen

Improve Contract Costs, Outcomes and Reliability

Join aerospace and defense contractors that have discovered the power of the insights Lumivero provides for controlling costs, improving reliability, and increasing probability for success.
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