2008 Global & A&D industry performance wrap-upStudy of the financial performance finds 2008 was a record-setting year |
Over the last few years, a number of factors have contributed to the robust financial performance of the global aerospace and defence (A&D) industry. These include the resurgence of commercial aircraft and business jet sales, the global war on terror, continued productivity improvements in cost structure, substitution of technology for labour in product development and manufacturing, and the transformation of the supply chain from vertical integration to the super-supplier model. These factors, plus the retirement of debt and share buybacks that many A&D companies executed in this business cycle, indicates that they are well braced for the current economic downturn.
However, the industry is experiencing a significant challenge with aircraft order deferrals, the global credit crisis, potential cutbacks in large weapons programmes and a likely transformation in the defence acquisition process.
The 2008 Global Aerospace & Defence Industry Performance Wrap-up analyses the financial performance of the industry by assessing the key metrics of performance related to revenue growth, operating earnings and margin, asset effectiveness, cash generation and sales booking. The study revealed that 2008 was a record setting year, outpacing 2007 in industry profits and revenue.
2008 Global & A&D industry performance wrap-up
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