The report below gives a good overview of the Fall 2021 M&A activity in the Aerospace, Defense and Government Industry Sector. Global Aerospace and Defense industry revenue is projected to recover in 2021, although the recovery will be uneven across the commercial aerospace and defense sector. The commercial airplanes and services are showing signs of recovery after the impact of COVID-19 pandemic, while the global defense, space and government services markets have remained stable. COVID-19 vaccine availability and distribution will continue to be crucial determinants in passenger air travel's near-term recovery. The recovery is seen faster in countries where the governments have lifted restrictions related to air travel. The passenger traffic growth is expected to increase by an average of 4% per year, as per research published by Commercial Market Outlook. Furthermore, projected demand for dedicated freighters, including new and converted models, has increased. Global defense spending has increased dramatically, primarily due to the resumption of great power competition among the world's biggest geopolitical powers, as well as R&D-driven technological advancement. Geopolitical and security challenges will continue to drive long-term demand in this sector.
Posted by Jim Gerberman.