Let the Good Times Continue to Roll

It is hard to imagine just how radical the change in fortunes for the world’s major commercial aerospace manufacturers has been in the last few years. Just ten years ago the smart money in aerospace pointed to the defense sector as the best source of future profitability. But just as this was reaching a peak, the full impact of a near meltdown in global financial markets brought home to Western governments that defense budgets couldn’t just keep on expanding and a new era of military program cuts began.