JUNE- 2020AEROSPACEDEFENSEREVIEW.COM6EditorialThe global aerospace and defense (A&D) industry experienced ebbs and flows in the recent past. While the defense manufacturing displayed a continuous uproar, growth in the commercial aerospace sector seems to have slowed. The A&D industry is expected to return to high trajectory by the end of 2020, with the commercial aerospace sector making a comeback. The defense manufacturing sector has sustained its growth during intensified security threats, requiring government agencies worldwide to focus on increasing their defense budgets. Defense expenditure is expected to grow by three to four percent in 2020 as governments all over the world continue to modernize and recapitalize their militaries. The majority of the growth is driven by enhanced defense measures in the United States and other countries, such as China and India.Commercial aerospace aftermarket landscape is also transcending, along with its changing aircraft fleet mix, pressure on airlines to minimize maintenance costs, and the innovation of advanced technologies. As a result, there has been an increase in aftermarket opportunities for robust development of commercial aircraft value chain, including OEMs. More than 40,000 units are expected to be produced over the next two decades. Simultaneously, the increasing aircraft backlog and production rates are driving OEMs to focus more on expanding aftermarket revenues by forging partnerships and exploring new business pathways to diversify in the field. In this edition of Aerospace and Defense Review, we present to you some of the key industry players whose contributions to defense manufacturing, will help the readers navigate into the complexities and idiosyncrasies of the sector. We bring you insights from industry pioneers in defense manufacturing as you sift through the magazine. Let us know your thoughts. Insights from Defense Manufacturing as it AscendsJonathan AllredManaging Editorjonathan@aerospacedefensereview.comCopyright © 2020 ValleyMedia Inc., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.June - 15 - 2020, Vol 02 - Issue 03, ISSN 2691-395XPublished by ValleyMedia Inc.To subscribe to Aerospace & Defense ReviewVisit www.aerospacedefensereview.comManaging Editor Jonathan AllredEditorial StaffAndrea FrancisJohn SmithRosalind JacobsJem ElizabethRichard Taylor Surajit Narayan DekaVisualizerAsher blake*All Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmailsales@aerospacedefensereview.comeditor@aerospacedefensereview.commarketing@aerospacedefensereview.com
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