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Commercial Aerospace Is Advancing While Defense Is Retreating, S&P Report Says Jan 12
Standard & Poors, Jan 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 12, 2012--The prospects for the commercial aerospace and defense industries continue to diverge, Standard & Poor's Ratings Services said in a report published earlier today. The commercial aerospace sector is entering what could be a prolonged period of increasing deliveries. Aerospace companies are reporting large order backlogs and should benefit from new models despite the headwinds of a weak global economy, high fuel prices, and the possibility of reduced availability of aircraft financing. Defense contractors, however, are likely to see weaker demand. Efforts to reduce the huge U.S. federal budget deficit, the wind-down of operations in Iraq and Afghanistan, and recently proposed changes to U.S. military strategy likely will result in flat to declining...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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