The global aerospace, defence & security industry experienced a 64% drop in company filings mentions of batteries in Q3 2023 compared with the previous quarter, with the highest share accounted for by TransDigm Group with 33% year-on-year increase, according to GlobalData’s analysis of over 24 aerospace, defence & security company filings. GlobalData’s Aerospace, Defense & Security: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, batteries was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of mobile and missile defense, according to GlobalData.
Of the top leading companies in the aerospace, defence & security industry, TransDigm Group had the greatest increase in references for batteries in Q3 2023, compared with the previous quarter. GlobalData identified four batteries-related sentences in the company's filings - 0.7% of all sentences - and an increase of 33% in Q3 2023 compared with Q3 2022. Textron’s mentions of batteries dropped by 92% to 3 and Bharat Electronics’s by 50% to 2 and Hindustan Aeronautics’s by 67% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for batteries in Q3 2023 was 97.
For further understanding of GlobalData's Aerospace, Defense & Security: Filings Trends & Signals Q3 2023, buy the report here.