Industries We Serve

Aerospace & Defense

Aerospace & Defense companies face a complex and rapidly changing environment that is filled with uncertainty in customer spending, technological disruption, business consolidation and an evolving competitive landscape. This environment creates constant pressure for companies to adapt their finance and accounting operations, increase their utilization of technology and analytics, and stay abreast of constantly changing regulations.

MorganFranklin helps Aerospace & Defense companies navigate these complex challenges. Our professionals deliver leading practices and insights that are rooted in practical project experiences and industry experience. Our clients turn to us for our hands-on approach and commitment to driving success by solving issues at the core of the industry with a customized approach that is tailored to each organization.

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Our Aerospace & Defense Expertise

Our Aerospace & Defense practice is highly committed to assisting you in achieving your mission-critical finance, technology, and business objectives.

Government Contract Advisory Services (GCAS)

MorganFranklin’s GCAS experts work alongside your team to ensure critical activities are completed and timelines are met. Visit our GovCon page.

Technical Accounting & Financial Reporting

We help Aerospace & Defense companies unravel the impact of complex federal acquisition and cost accounting regulations in complying with US GAAP and SEC financial reporting requirements. Our professionals combine Big 4 Public Accounting expertise with knowledge of industry regulations such as FAR/CAS to advise clients on addressing complex technical accounting and financial reporting challenges. Below are some of the key services we provide:

Revenue Recognition & Contract Accounting
Accounting for Contract Costs
On-demand Technical Accounting Assistance
Spin-offs and Carve-outs
Management Transition Services
SEC Reporting
Financial Restatements
Audit Readiness
EAC’s and Estimating Practices
Contract Lifecycle Support (Adjustments, Closeouts & Claims)
Indirect Rate Structure Assessment
Valuation Services
Internal Control Design and Assessment

Risk Advisory

With a constantly evolving regulatory and competitive environment, it is imperative that Aerospace & Defense companies are at the forefront of their risk management priorities. We help Aerospace & Defense to understand, manage, and mitigate risks within this volatile landscape.

Enterprise Risk Management
Information Risk Management
Sarbanes-Oxley Compliance
Contract Compliance
Material Weakness Remediation
Business Process Optimization
Internal Audit Outsourcing/Co-sourcing
Business Systems

Finance Transformation

Aerospace & Defense companies know that finance transformation is mission-critical to adapting to the changing business demands of the industry. We help CFO’s identify, prioritize, and implement initiatives that address challenges and deliver measurable results.

Financial Planning & Analysis Process Stand-up, Operation & Effectiveness
Business Process Optimization
Reporting and Analysis (KPIs)
Financial Statement Close Process Acceleration
Earned Value Management (EVM)
Program Management Office Support
Change Management
Technology Enablement & Data Governance
Project Control Stand-up, Operation & Optimization

M&A Lifecycle

With M&A activity in the industry at an all-time high, and with the failure in achieving the benefits of an acquisition being one of the largest risks that Aerospace & Defense companies face today, finding the right partner who can assist in navigating the entire deal lifecycle is of unparalleled importance. Morgan Franklin assists Company’s in successful M&A execution through every stage of the process.

Quality of Earnings (Q of E) Analysis
Working Capital Analysis
Contract Waterfall Assessment
Opportunity, Exposure & Risk Identification
Business Combination Accounting & Financial Reporting
Purchase Price Allocation
Business Modeling and Forecasting
Readiness Planning & Integration Management Office
Synergy Development, Tracking and Realization
Change, Culture and Communications Management

Enterprise & Cloud Applications

Staying ahead of the competition means Aerospace & Defense companies need to invest in technology to empower the business and accelerate growth. MorganFranklin works with our clients to develop customized solutions that drive innovation and meet complex reporting requirements. MorganFranklin has diverse expertise across core enterprise ERP applications (examples include Microsoft, Deltek, SAP, Netsuite & Oracle) and cloud-based Corporate Performance Management technologies (examples include Oracle EPM Cloud, OneStream & IBM Analytics). We also collaborate with our clients to maximize return on investment for implementation of Intelligent Automation platforms and tools (examples include Appian, UiPath & Automation Anywhere).

Enterprise Resource Planning
Corporate Performance Management
Intelligent Automation
Low-code Application Platforms

Cybersecurity

Increased digitization, national security threats and access to CDI and CUI result in an increased importance for Aerospace & Defense companies to invest in proactive and broad capabilities to manage cybersecurity risks within the organization. We work with some of the world’s largest Aerospace & Defense companies to develop and implement strategic tactics that encompass all aspects of security from threat mitigation to incident response.

Strategy, Governance, Risk & Compliance
Identity and Access Management
Managed Security Services
DFARS and NIST Compliance
Cybersecurity Operations
Application Security
Incident Response & Risk Intelligence

Business Transformation

We help Aerospace & Defense companies make major changes to the way they do business. Executives in today’s marketplace face continual changes to their supply chain and sales channels from new technologies, new competitors, changing customer expectations, and a rapidly evolving global environment, among other factors. We help forward-thinking executives re-imagine the way they do business.

Program Management Office Support
Change Management
Performance Improvement
Supply-Chain Management
Regulatory Change & Adoption
Business Process Optimization

IPO Readiness

We help Aerospace & Defense companies prepare for the enhanced scrutiny of auditors and regulators. We take a holistic approach to IPO readiness and prepare our clients not only for their filing, but also for life as a new public entity. We start by conducting an end-to-end IPO Readiness assessment and building an IPO roadmap. We partner with executives through the entire process, from hiring an underwriter through the first public company filing.

Assessing IPO Readiness and Developing an IPO Roadmap
Documenting Key Policies and Procedures
Preparing SEC Filings and Disclosures
Becoming Compliant with Sarbanes-Oxley
Preparing a Finance Function (Reducing Close Times, Standing up FP&A, Modernizing ERP Systems)
Implementing External Reporting Capabilities

Data & Analytics

We help organizations better understand, manage, and analyze their data to deliver actionable insight to run their business. We work with some of the most complex and forward-thinking Aerospace & Defense companies and provide leading edge solutions in Data & Analytics to drive success. Our teams can help you govern enterprise data and build tools and processes to deliver market moving insights:

Data Architecture and Engineering
Enterprise Data Governance
Data and Metadata Management
Data Visualization and Business Intelligence
Machine Learning
Predictive Analytics

Private Equity Services

Private equity firms continue to play a major role in the sector by providing the capital and the motivation to empower value creation within a complex industry environment. This opportunity creates unique challenges as Aerospace & Defense companies recognize the need to improve and establish sustainable operating procedures, rearrange business structures and invest in capabilities to prepare for success in a competitive market. We assist PE leaders and Company Executives solve these complex challenges throughout the full investment lifecycle.

Building Scalable Operations
Integration and Add-on Support
Buy and Sell-side Diligence & Close Support
Budgeting & Reporting
Cash Flow Management
Technology Assessment and Implementation (ERP, EPM)

CIO Advisory

IT leaders and CIO’s in the Aerospace & Defense know that a high-performing IT organization can be a game-changer in driving value to the business. Our CIO Advisory services provide a comprehensive approach to solving your most critical IT challenges. We collaborate with you to ensure your technology strategy aligns with business goals to more readily deliver results that impact the bottom-line. By providing critical leadership throughout the process, we craft a tailored roadmap that safeguards assets, reduces process inefficiencies, and optimizes resources and talent.