In 2020, HBK’s Engineering Solutions embarked on the challenge of developing a common Failure Reporting, Analysis, and Corrective Action System (C-FRACAS+) for NAVAIR Command’s 33 programmes, each comprising diverse aircraft and systems with unique data requirements. The challenges included establishing a common method for failure reporting and analysis across NAVAIR programs, identifying successes and deficiencies in health monitoring, driving reliability growth in aircraft and systems, fostering collaboration among analysts, engineers, and OEMs for component failure analysis and aircraft design, and supporting all system lifecycle phases. The solution, C-FRACAS+, is a robust asset performance system centered around ReliaSoft XFRACAS. XFRACAS is a web-based, closed-loop incident (failure) reporting, analysis, and corrective action system designed for acquiring, managing, and analyzing product quality and reliability data from various sources. It facilitates in-depth analysis of the relationship between fault diagnostics and maintenance actions, pinpointing areas for improvement and allowing for the accurate isolation of faults.