Few times in aerospace history can have been as difficult for forecasters as recent months. Things are changing, that is certain, but there are so many conflicting signs that the direction of the industry is almost impossible to project. Debt crises, oil prices, climate change, competition for resources and many other factors inject unprecedented unpredictability into the equation. Take defense: National deficits are forcing budget cuts in Europe, and the U.S. will follow, but the war ...


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