The good news for American firms is that the defense aviation market is still lucrative. Between now and 2019, more than $120 billion in military aviation hardware procurement and tens of billions worth of maintenance and repair work are up for grabs”–Avascent”WASHINGTON DC – National Defense Magazine’s July 12th pre-Farnborough write up featured data and analysis from Avascent’s July 9th webinar on competitiveness in the global Aerospace and Defense (A&D) sectors. Citing information garnered by a survey of nearly 350 A&D executives, the article highlighted that only 7% of them felt that the U.S. government was providing effective support to American defense firms competing for international sales. This comes at a time when those sales are seen as crucial for capturing new business. However, there was increased government support at the Farnborough Airshow, as compared to the Paris Airshow, including senior officials from the U.S. Defense, State, and Commerce departments. Nonetheless, there is rising competition from Israeli, Indian, Brazilian, South Korean and Canadian defense companies, coupled with market demand for less expensive weaponry solutions that China or Russia could fill.
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