John Coykendall
Deloitte today announced the appointment of John Coykendall, a principal at Deloitte Consulting LLP, to lead its U.S. aerospace and defense (A&D) sector within the U.S. industrial products and construction practice. Additionally, Coykendall was named Deloitte’s global aerospace and defense sector leader. He succeeds Robin Lineberger, who will be retiring from Deloitte in May after a distinguished career.
Based in Stamford, Connecticut, Coykendall will lead the overall strategic direction of the A&D sector, as well as the go-to-market strategies for Deloitte’s key businesses including audit & assurance, consulting, tax and risk & financial advisory services. Among Deloitte’s A&D clients are companies on the Fortune 500, including the aerospace; commercial aircraft; business and general aviation; space and ship building; and defense industries.
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Credit: Joby Aviation
Stop me if you have heard this before: A whole new class of aircraft will democratize and revolutionize seemingly everything, starting with air travel. Will it be advanced air mobility or maybe very light jets?
Aviation consultant Brian Foley recalls the latter while thinking of the former, since both are in the news recently. Disruptive paradigms are not a new threat to aviation, even this century, he notes.
The Eclipse very light jet (VLJ) was intended to make airborne commuting more of a reality before it became a $1.5 billion “smoking crater in the ground.” In November, the U.S. Bankruptcy Court for the District of Delaware authorized the sale of Eclipse Aerospace and the Eclipse Aircraft project to AML Global Eclipse, backed by British businessman Christopher Harborne, for $5.25 million.
A natural progression of operationalizing AAM. All photo credit: Deloitte and AIA 2021 Advanced Air Mobility Survey
The market for advanced air mobility (AAM) in the United States is estimated to reach $115 billion annually by 2035, potentially creating more than 280,000 jobs, according to a report released on Jan. 26 by the Aerospace Industries Association (AIA, Arlington, Va., U.S.) and Deloitte (New York, N.Y., U.S.).
The report, “Advanced Air Mobility: Can the U.S. Afford to Lose the Race?” discusses how U.S. aerospace and defense (A&D) companies are poised to lead the nascent global industry, which is predicted to become mainstream in the 2030s. The report also provides a framework to guide U.S. efforts related to the possible economic and national security benefits of adopting this advanced mode of transportation.