"The A&D subsectors are currently experiencing two differing dynamics, presenting suppliers and manufacturers with tactical and strategic challenges.
Within the civil aerospace sector, a strong order backlog from the major airframe manufacturers combined with new aircraft launches (B787, A350 and C-Series) and single aisle upgrades (both Airbus and Boeing) is placing significant pressure on the supply chain. An increasing focus on production and resource capacity, security of supply and financing of growth therefore exists within the civil aerospace sector.
The well publicised cut backs in Western government budgets and the resultant focus on deployment of funds has presented the Defence sector with its own pressures. As with all industries however there are winners and losers with a number of military programs still providing excellent growth opportunities.
What is clear is that the footprint of the A&D sector is changing and that the industry will look very different in 30 years time as the Middle and Far Eastern markets drive globalisation of what is still a European and North American dominated sector. This will present both opportunities and threats to established and emerging players and we are actively working with corporates to ensure that they are winners not just today, but throughout the next 30 years."