A&D industry turns in a strong performance in a dismal economy, but primes face a more challenging future
In a year when fears of a financial meltdown gripped the world, the global aerospace and defense (A&D) industry held its own. Suppliers fretted about production cuts at Boeing and Airbus that never came to be; instead, the two companies delivered a record 979 aircraft. Concerns that a new Democratic president would slash U.S. defense spending proved overblown as Barack Obama increased the Pentagon’s budget and expanded the U.S. military’s presence in Afghanistan. And while the ...
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