The aerospace industry has witnessed a sloppy growth over the past few years. This is facilitated by different factors based on the historical aspect or trend within the industry. Since it opened its doors back in 1930, Grumman has witnessed a tremendous growth and drop within the industry (Northrop Grumman, 2013). The company was initially founded by six members plus fifteen different employees within one year as they fulfilled the first government contract. The following analysis provides a clear analysis on the downsizing in the aerospace industry through focusing on the Grumman Aerospace Corp.
Grumman military aircraft traces back in 1933 after ...