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Industry Report Card: Global Aerospace & Defense Apr 04 Product Image

Industry Report Card: Global Aerospace & Defense Apr 04

  • Published: April 2004
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • AAR Corp.
  • Aviall Inc.
  • Bombardier Inc.
  • Hexcel Corp.
  • Northrop Grumman Corp.
  • Sabreliner Corp.
  • MORE

Abstract
There were no rating changes in the commercial aerospace sector subsequent to the release of the last report card, published Dec. 24, 2003, compared with considerable rating activity for most of 2003. About 45% of firms that derive a significant portion of their revenues and earnings from commercial aviation are now investment grade, with the balance noninvestment grade. Currently, 45%-50% of ratings have stable outlooks and 50%-55% have negative outlooks. The Sept. 11, 2001, attacks, a sluggish global economy in the past two years, the Iraq war, and the severe acute respiratory syndrome (SARS) outbreak have severely affected commercial aviation, leading to a decline in air travel, excess capacity, and deep losses by many airlines, especially those in the U.S....

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- Boeing Co.
- GenCorp Inc.
- General Dynamics Corp.
- Goodrich Corp.
- Kaman Corp.
- Boeing Capital Corp.
- Moog Inc.
- Raytheon Co.
- Textron Inc.
- United Technologies Corp.
- Honeywell International Inc.
- Hexcel Corp.
- BAE Systems PLC
- Airbus Group
- AAR Corp.
- Sequa Corp.
- Thales S.A.
- K&F Industries Inc.
- Bombardier Inc.
- Orbital Sciences Corp.
- BE Aerospace Inc.
- Sabreliner Corp.
- Alliant Techsystems Inc.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Communications & Power Industries Inc.
- L-3 Communications Corp.
- Argo-Tech Corp.
- United Defense Industries Inc.
- Precision Castparts Corp.
- DeCrane Aerospace Inc.
- TransDigm Inc.
- Rolls-Royce PLC
- Dunlop Standard Aerospace Holdings PLC
- Vought Aircraft Industries Inc.
- Rockwell Collins Inc.
- DRS Technologies Inc.
- Aviall Inc.
- Esterline Technologies Corp.
- Armor Holdings Inc.
- Avio Holding SpA
- ARINC Inc.

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