Hexcel Aims To Capitalize On Rising Defense Budgets

Hexcel’s defense and space business posted solid sales growth in the second quarter, partially offsetting lower commercial aerospace revenue  Image credit: PA Images/Alamy Stock Photo

Hexcel’s defense and space business posted solid sales growth in the second quarter, partially offsetting lower commercial aerospace revenue.

Credit: PA Images/Alamy Stock Photo
Despite a lackluster second quarter in which its sales contracted, diversified supplier Hexcel is upbeat about market opportunities from rising defense budgets in the U.S. and internationally. Hexcel’s revenue in the April to June period fell 2.1% year-on-year to $489.9 million while earnings per...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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