Comparing Innovation Spending: The Boeing Company and Avery Dennison Corporation

Innovation Spending: A Tale of Two Giants

In the ever-evolving landscape of aerospace and materials science, innovation is the lifeblood of progress. The Boeing Company, a titan in aerospace, and Avery Dennison Corporation, a leader in labeling and packaging materials, have shown distinct approaches to research and development (R&D) spending over the past decade.

From 2014 to 2023, Boeing's R&D expenses have consistently dwarfed those of Avery Dennison, with Boeing investing nearly 30 times more on average. Notably, Boeing's R&D spending peaked in 2016, reaching a staggering 4.6 billion dollars, while Avery Dennison's highest expenditure was approximately 136 million dollars in 2021. Despite the disparity, Avery Dennison has shown a steady increase in R&D investment, growing by about 33% from 2014 to 2023.

This comparison highlights the diverse strategies of two industry leaders, each driving innovation in their respective fields.