This report examines the short-and medium-term economic and profitability outlook for Canada’s Aerospace Product Industry.
Canada’s Aerospace Product Industry: Industrial Outlook Spring 2010
Canada’s Aerospace Product Industry: Industrial Outlook Spring 2010
Industry Economic Analysis
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- Global Economic Recovery—In tandem with the global economic recovery, passenger and cargo demand for air transportation services have nearly recovered to their pre-recession peaks.
- New Orders—After suffering significant cancellations last year, the industry’s order book is growing again, albeit at a modest pace.
- Poor Government Finances—Large fiscal deficits in many Western countriesmay lead to military spending cuts in the coming years, negatively affecting demand for aerospace products.
