The global Aerospace and Defense industry is witnessing continual changes thanks to furious pace of technology change and the developing economies spreading their wings. New-generation aircrafts have even more sophisticated avionics making it more exotic and expensive.
According to industry reports, Aerospace and Defense industry is expected to continue its growth trajectory, led by growing commercial aircraft production and strong defense spending. As we see original equipment manufacturers increase production rates, there remains a risk of suppliers facing difficulties in ramping up production. Airlines are challenged to meet profitability goals and must focus on customer experience and asset utilization.
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