Topic: Reverse "Off-Load": Bringing Back Manufacturing to the US

Speaker: Bissell Smith, CFO, CIO, Consultant

Presentation:
1. Offload of the Early 90’s 
- Industry Changes / Providers & Rates of Production 
- 90’s Off Load – Transfer sow to Supply Chain 
- Implications / Did we give too much away? 

2. Example of a Historical Balance Sheets / Assets 

- Different capital position than today’s large Aerospace companies 

- Higher PP&E and Working Capital Shifted to Suppliers w/extended terms 

- What’s changed ? 

- Supply chain making up 60-80% of direct costs 

- Many problems w/conflict minerals, denied parties, etc…

- Schedule and supply chain issues 

- Quality issues 

3. Reversing the change in demand (Vertical Integration) makes sense again 

4. CAD/PLM Changes 

- Model based manufacturing, Automated Tooling, Automated Machining 

- Flexible Machinery – driving the ability to remove labor, stay at near full capacity 

- Improves dependability w/supply schedule and higher quality 

5. Impacts of changing back - What’s the likely hold up? 

- Technology, Skills, Hesitancy to shift the balance sheet 

- Be open to driving this change. W/o CFO/Controllers working the long-range planning it will never occur

Speaker's bio:

- Background in Finance, Program Mgmt, Engineering, IT/Comp Engr, Procurement, & Manufacturing 

- LTV Aerospace -> Vought A/C -> Northrop Grumman (35yrs) 

- Design Support, Program Controls, Program Business Mgr, CFO Grumman Olson, Division Finance, Financial Shared Services, ERP/PLM – Digital Environment, Procurement, Manufacturing HR, Mfg Technology. 

- Post NGC 

- Dassian Sr VP (Boeing, Moog, Pratt, Rolls, Honeywell, Lockheed, Raytheon, ULA, NG, etc…) 

- Aerion Supersonic (Sr VP/ELT - CIO) 

- CFO FLI – Freedom Lift Innovations (Hybrid eVtol) 

- InFiNet LLC - Consulting Aerospace (Sierra Space, Maxar, Boom, NG)