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A&D Industry Stronger Than in Last Downturn
Demand for commercial aircraft is sagging, financing is hard to come by, the stock market is in turmoil, and ominous signals from the Obama administration are creating worries that U.S. defense spending could be targeted for cuts.
But as aerospace and defense companies brace for leaner times, there’s a glimmer of hopeful news. The industry is much healthier than it was in 2001, when the Sept. 11 terrorist attacks triggered the last downturn in commercial aerospace.