Source: Aviation Week
Stability is the best the aerospace and defense industry can hope for in 2010: a year in which airlines catch their breath for a predicted upturn, commercial aircraft orders should begin to recover, and defense sales could plateau before beginning a threatened decline.
Business aviation had a horrible year, but for most industry sectors 2009 was not as bad as was feared. Commercial aircraft orders plummeted, but deliveries were maintained thanks to years-long backlogs. Military programs were terminated, but war costs kept defense spending at high levels.
Large segments of the industry dodged the brunt of the global economic downturn in 2009 and are positioned to weather whatever 2010 brings, but 2011 could prove a tougher year as the impact of defense cuts takes hold while commercial aerospace is still in the early stages of a recovery.