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Aerospace & Defense2020-04-30T14:37:37+00:00

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.

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

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

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

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

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

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

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

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

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 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)

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.

  • IT Strategy and Planning
  • IT Transformation
  • IT Leadership Services
  • IT Due Diligence
  • IT Technology Assessment

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