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Optimism in US Aerospace and Defense Industry Despite Lingering COVID-19 Jitters

ArchIntel

However, as the world heads into 2022, trends in commercial air travel and customer order activity are in much better shape than earlier post-COVID expectations, which is a positive sign for the industry. Global distribution of COVID vaccines is helping to clear a path toward normalization of air travel, a Deloitte report said.

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Aerospace and Defense Industry to Face Opportunities, Challenges in 2021

ArchIntel

Deloitte does not expect commercial air travel to return to pre-pandemic levels until at least 2024, likely resulting in lower aircraft and rotorcraft orders and deliveries. Stefanie Kowitt is the head of Lockheed Martin’s capture excellence and competitive intelligence team. Commercial aerospace is recovering, albeit slowly.

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Competition Fever to Run High in US Defense Sector Amid COVID-19 Disruptions

ArchIntel

While recovery is projected to begin in 2021 , healing of the industry’s two constituent sectors is seen to happen unevenly, according to a Mordor Intelligence study. For the sake of perspective, the commercial aerospace sector is seen to experience negative growth because of the sharp decrease in travel demand.

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Defense Sector in Hard Fight to Sustain Growth Amid Pandemic

ArchIntel

While its civil aviation counterpart was reeling from the impact of the pandemic-spawned slump in domestic and international travel, the defense sphere was kept thriving by emerging threats to U.S. She has been Sikorsky’s internal sales lead for Latin America, focusing on winning new business opportunities for the firm.

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