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Issuer Ranking: Global Aerospace And Defense Companies, Strongest To Weakest Jun 11

  • ID: 2042628
  • June 2011
  • Region: Global
  • Standard & Poors
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  • AAR Corp.
  • BAE Systems PLC
  • Embraer S.A.
  • Hexcel Corp.
  • Orbital ATK Inc.
  • Sequa Corp.
  • MORE

The fortunes of the commercial aerospace industry and the defense business have not always aligned, and the gradual, uneven global economic recovery is unlikely to change that. Economic expansion should continue to benefit the credit quality of commercial aerospace companies. High oil prices encourage airlines to add new, more fuel-efficient planes to their fleets, even as rising fuel costs hurt airline profits. In contrast, the financial performance of defense companies may weaken thanks to their dependence on government spending. Although we believe the immediate prospects for the defense sector remain satisfactory, very high deficits in the U.S. and other countries will likely lead to slow future growth or cuts in military spending. The following list ranks all the rated companies...

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
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- Boeing Co.
- Aerojet Rocketdyne Holdings Inc
- General Dynamics Corp.
- Goodrich Corp.
- Kaman Corp.
- Moog Inc.
- Raytheon Co.
- Textron Inc.
- Ducommun Inc.
- Hexcel Corp.
- BAE Systems PLC
- Finmeccanica SpA
- Airbus Group SE
- AAR Corp.
- Sequa Corp.
- Thales S.A.
- Bombardier Inc.
- Orbital Sciences Corp.
- B/E Aerospace Inc.
- Orbital ATK Inc.
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- L-3 Communications Corp.
- Precision Castparts Corp.
- TransDigm Inc.
- Rolls-Royce PLC
- Israel Aerospace Industries Ltd.
- Rockwell Collins Inc.
- Esterline Technologies Corp.
- ARINC Inc.
- Heckler & Koch GmbH
- CPI International Inc.
- AmeriQual Group LLC
- Spirit AeroSystems Inc.
- Embraer S.A.
- Hawker Beechcraft Inc.
- Wesco Aircraft Holdings Inc.
- StandardAero Aviation Holdings Inc.
- Hunter Defense Technologies Inc.
- Colt Defense LLC
- Triumph Group Inc.
- Ural Optical & Mechanical Plant JSC
- Kratos Defense & Security Solutions Inc.
- DynCorp International Inc.
- Huntington Ingalls Industries Inc.
- API Technologies Corp.

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