The global aerospace & defense industry experienced a 61% drop in company filings mentions of governance in Q3 2022 compared with the previous quarter, with the highest share accounted for by Larsen & Toubro with 52% year-on-year increase, according to GlobalData’s analysis of over 86 aerospace & defense company filings.
Notably, governance was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of Covid-19 and space economy, according to GlobalData’s whitepaper on Corporate Governance in Aerospace, Defence & Security – Filings Trends in Q3 2022.
Of the 50 leading companies in the aerospace & defense industry, Larsen & Toubro had the greatest increase in references for governance in Q3 2022, compared with the previous quarter. GlobalData identified 170 governance-related sentences in the company's filings - 198 % of all sentences - and an increase of 962% in Q3 2022 compared with Q2 2022. Hindustan Aeronautics’s mentions of governance rose by 1260% to 68 and General Electric’s by 72% to 62.
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 governance in Q3 2022 was 92.