Aerospace & Defense – 2010 U.S. Outlook
An interview with Tom Captain and General Chuck Wald
The dawn of the new century started with great expectations and outstanding performance in financial markets around the world, but was followed by the bursting of the telecom bubble, the tragedy of 9/11, and the ensuing coalition military campaigns in Afghanistan and Iraq.
The domestic Aerospace & Defense (A&D) industry went from peak to trough twice, ending the decade with generally outstanding financial performance amidst the worst global economic downturn in nearly 80 years. However, that performance was not shared by all, as the business jet industry’s output experienced a devastating 50 percent cut in production and as the decade ended, commercial aircraft orders experienced the worst order cycle in almost 20 years. At press time, the Defense Appropriations Budget has a significant number of large weapons program terminations, which portends lean times ahead for the A&D industry.
We interviewed Tom Captain, principal, vice chairman and U.S. leader, and General Chuck Wald, director and senior advisor, both of the A&D sector practice for Deloitte LLP, on their views of the industry and where they see it going.
Attached is the extract of the interview in which Tom and General Wald shared their insights on many important issues including:
- A&D sector performance – in year 2009; expectations in 2010
- Department of Defense spending – and what lies ahead
- Recent announcement by the Obama administration and its impact on the industry
- Downturn in the commercial aircraft business
- Mergers and acquisitions in year 2010
Download the attachment to learn more.