Europe's aerospace companies have been able to sidestep the massive layoffs that have hampered their U.S. counterparts in the last few years. However, good fortune should not be confused with a truly healthy industry. Taking into consideration that operating profits stagnated while revenues fell 9%, growth is not on the horizon, and key issues remain unresolved, the outlook for European aerospace may not be as rosy as some executives claim. "No significant upturn is in sight, ...


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