Research And Markets Research And Markets

Industry Report Card: Global Aerospace & Defense Jun 05

  • ID: 2042601
  • June 2005
  • Region: Global
  • Standard & Poors
1 of 3


  • AAR Corp.
  • B/E Aerospace Inc.
  • DRS Technologies Inc.
  • K&F Industries Inc.
  • Orbital ATK Inc.
  • Sabreliner Corp.
  • MORE

The commercial aerospace sector experienced another quarter of light rating activity. Since the release of the last report card, published April 11, 2005, Standard & Poor's Ratings Services took three rating actionson Rolls Royce PLC (BBB+/Stable/A-2), Bombardier Inc. (BB/Negative/--), and MTU Aero Engines Holding AG (BB/Stable/--). Ratings were raised on Rolls-Royce primarily as a result of its improving financial profile. Ratings on Bombardier Inc. were affirmed and removed from CreditWatch, where they had been placed with negative implications on Dec. 13, 2004. The affirmation took into account Bombardier's financial prospects for the next few years and senior management's financial and strategic priorities for the firm. The one-notch upgrade on MTU was based on its improving operating performance and reduction in...

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown
2 of 3

- Boeing Co.
- Aerojet Rocketdyne Holdings 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
- Finmeccanica SpA
- Airbus Group SE
- AAR Corp.
- Sequa Corp.
- Thales S.A.
- K&F Industries Inc.
- Bombardier Inc.
- Orbital Sciences Corp.
- B/E Aerospace Inc.
- Sabreliner Corp.
- Orbital ATK 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
- Vought Aircraft Industries Inc.
- Rockwell Collins Inc.
- DRS Technologies Inc.
- Aviall Inc.
- Britax Group Ltd.
- Esterline Technologies Corp.
- Avio Holding SpA
- ARINC Inc.
- MTU Aero Engines GmbH
- Wornick Co. (The)
- Heckler & Koch GmbH
- Piedmont Hawthorne Holdings Inc.
- DynCorp International LLC
- AmeriQual Group LLC
- Overwatch Systems LLC
- MTU Aero Engines Holding AG

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown