This week’s personnel changes include senior management level developments at a U.S.-based aviation industry powerhouse and an Azerbaijani cargo carrier.
Combined German 2023 defense industry sales have advanced 19% year-on-year to €10 billion ($11 billion), ahead of the 18% growth recorded by the civil sector.
“Boeing is not the only one that is out there [struggling],” American CEO Robert Isom said during the Bernstein’s 40th Annual Strategic Decisions Conference.
Despite rising geopolitical tensions and economic strains, President and CEO Eric Trappier expressed confidence in Dassault’s market performance at EBACE.
The aerospace and defense sector has long faced formidable labor challenges, from an aging workforce to a growing shortage of crucial engineering talent.