R&D Tax Credit for Aerospace

Companies that supply equipment to the Aerospace and Defense industries strive to improve their competitive position, in part, by continually engaging in research and development aimed at expanding the company's range of products and applications. Their electrical and mechanical engineers, designers, machinists and others spend substantial amounts of time developing and enhancing the performance, quality, reliability and dependability of their business' products. Companies in this industry typically provide advanced products for use in commercial, military and private aircraft as well as for related aerospace systems and equipment. Examples of Aerospace manufacturing activities that present R&D tax credit opportunities include:

  • Developing new mechanical systems and components to improve aircraft performance and control
  • Creating or improving electronic sub-systems to satisfy a customer's specification application requirements such as combining circuitry into a single replaceable unit
  • Designing and fabricating specialized tooling for a production process
  • Developing new composite materials and manufacturing methods to reduce weight, durability and performance
  • Developing and refining new communication and navigation equipment and systems

Businesses in the Aerospace industry are likely candidates to receive cash benefits from an R&D tax credit study. Intrepid Advisors' experts can deliver maximum benefits for each tax year.

Company Profile

Annual Revenue:
$25 - $50 Million

Employees:
100 - 150

R&D Tax Credits

Federal R&D Tax Credit:
$1,152,932

State R&D Tax Credit:
$492,853

R&D Tax Credit for Aerospace

Learn More About R&D Tax Credits