Image Source: Robert Sullivan
Structure of the Aerospace and Defense Industry
The global commercial aerospace duopoly is being challenged by encroaching international competitors who are intent on increasing market share, but Boeing and Airbus continue to dominate the large commercial aircraft segment. Long-term demand for commercial aircraft is cyclical and depends on the health of the credit markets, airline customers, and lessors, but massive backlogs and a strong multi-decade demand outlook are reasons for confidence. The defense industry has strong competition in all market segments and remains dependent on government funding decisions and competing budget priorities.
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