Summary
Aerospace & Defense design and manufacturing is one of the core competencies of the U.S. economy, along with innovative technology, allocating capital, and pharmaceutical R&D. The recovering global airline industry bodes well for commercial aerospace demand over the next several years. Airline passenger levels and airline revenues have started to recover, and international markets have reopened. Argus Research believes that the industry will be able to recover a substantial amount of its pre-COVID-19 revenues and profitability into 2025. This should drive increased commercial aerospace demand as airlines resume investing in their products after cutting all but the most crucial expenditures during the COVID-19 pandemic. Argus Research also expects solid military spending over the next few years. According to the Office of the Undersecretary of Defense, military funding for FY2024 tallied $817 billion. For FY2025, the White House has requested a base defense budget of $850 billi
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Source: finance.yahoo.com