This report, "State of the VITA Technology Industry," provides an update on the current state of the industry from the perspective of Ray Alderman, the Chairman of the Board of VITA. VITA is a trade association focused on promoting open system architectures in critical embedded system applications. The report covers economic conditions, technology trends, military developments, and mergers and acquisitions in the industry. The report notes that while the economy has been improving, certain segments such as airlines, hotels, and restaurants continue to struggle due to the ongoing COVID-19 pandemic. The report also highlights the importance of open standards and open markets in driving innovation and growth in the industry.