What is your opinion of this regulatory requirement in the aerospace, as well as space and defense industries?

Here is the source: http://asq.org/learn-about-quality/learn-about-standards/

Assignment: AS9100 replaces the earlier AS9000 and fully incorporates the entirety of the current version of ISO 9000, while adding requirements relating to quality and safety. Major aerospace manufacturers and suppliers worldwide require compliance and / or registration to AS91000 as a condition of doing business. Please discuss the following:

What is your opinion of this regulatory requirement in the aerospace, as well as space and defense industries?
Does it raise the level of quality or hinder advanced quality initiatives?
Explain your answer.