Global Aerospace & Defence sector outlook
The first decade of the new millennium started on a high note for the global aerospace and defence (A&D) industry, with outstanding financial performance around the world - only to be followed by the tragedy of 9/11, the ensuing wars in Afghanistan and Iraq, and the worst global economic downturn in 80 years. Global A&D went from peak to trough, twice.
While most subsectors managed to end the decade with a strong bottom line, that outcome was not shared by all, with business jet output experiencing a devastating 50 percent cut in production and commercial aircraft orders suffering the worst order cycle in almost 20 years.
So what’s next for the global A&D industry? With a new year and a new decade just commencing, we turned to Tom Captain, A&D sector leader, Deloitte Touche Tohmatsu (DTT) Global Manufacturing Industry, and to Deloitte member firm sector specialists to hear their views.
In the long term, a bullish future for the A&D industry is anticipated, despite its well-publicised current challenges, and the sector specialists examine the key trends and prospects in their respective regions and beyond in the new report.