Abstract: The article deals with the problematic issues of preservation and development of unique enterprises in the ongoing restructuration of the military industrial complex and the formation of industrial holdings. The authors offer ways of solving them in the specific case of the "Scientific Research Institute of parachute engineering", JSC., in order to improve the efficiency of emergence and implementation of interrelated industrial, technological and economic processes in the design, development, testing and operation of specialized products. The authors present an original scheme of adaptive management of the full life cycle of parachute systems. The research methodology combines the methods of system structural analysis, management of organizational and technical systems, life cycle management of high-tech products. The principal findings of the study proved that the introduction of adaptive management process management for life cycles of products of specialized enterprises that covers all the main stages of development, testing, production and operation of products will ensure effective implementation of government contracts for defense and military-technical cooperation, improving product quality and reducing the cost of its life cycle, as well as effective implementation of innovative technologies.