Like the rest of the economic world, commercial aerospace has been climbing a wall of worry for years. By now it is clear that new orders for large commercial aircraft (LCA) are at least dipping. The combined book-to-bill rates for Airbus and Boeing, the leading original equipment manufacturers (OEM), fell below the psychologically important 1.0x mark in 2016 for the first time since 2009. Cutbacks in higher-margin widebodies were especially alarming. Worse yet, with Canadian, Chinese and ...

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