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2011 Midyear outlook for the global aerospace and defense sector

2011 Midyear outlook for the global aerospace and defense sector

Background

A new report by Deloitte Touche Tohmatsu Limited’s (DTTL) Global Manufacturing Industry Group, 2011 Midyear outlook for the global aerospace and defence sector, indicates a sense of unease in the defence sector - and optimism in commercial aerospace.

According to the report, it is anticipated that there will be an upswing in sales and production in commercial aircraft, principally due to the popularity of single-aisle aircrafts, for which rate increases have been announced. With passenger and freight traffic expected to grow faster than global GDP for the next 20 years, the maturing economies of China, India, and the Middle East are expected to take a higher percentage of commercial aircraft sales and deliveries. In addition, with the introduction of new single-aisle manufacturers, as well as next generation twin-aisle commercial aircraft products, suppliers worldwide are expected to increase production.

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