The normal up-and-down cycle of the aerospace industry has been interrupted by a global recession that has pushed recovery to the right. During the downturn, the turbine engine market has been sustained in large part by military orders, accelerated by the conflicts in Iraq and Afghanistan. The U.S. military is recapitalizing its helicopter fleet with several large procurement programs that will continue through the 2011-20 forecast period. Military production will continue to represent ...
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