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Aerospace & Defense
Commercial Aerospace and Defense
Commercial Aerospace exposures relate primarily to large commercial, regional, business and general aviation aircraft original equipment manufacturers and their respective supply chains as well as to replacement parts and maintenance, repair and overhaul services in support of the active aircraft fleet. Primary long-term business drivers include global economic growth, liberalization of international air travel restrictions and technological innovations, but other factors such as oil prices, geopolitical conflict concerns, epidemics and threat of terrorism can also have significant shorter-term impacts.
Defense products are not limited to military ships, aircraft and weapons systems but also include items such as radar systems, satellites, launch vehicles, communications, and command and control networks. Defense contractors also provide services such as outsourcing and information technology services to military and civilian government customers. Primary factors affecting business trends include the U.S. government defense budget, as well as budgets of other U.S. government agencies, allied foreign government defense spending levels, U.S. government export restrictions and technological innovation.
Companies