A new forecast takes a more optimistic view of the aerospace industry, which includes a return to growth in the aftermarket business and a “belated pick up” in the business jet market.
At the same time, growth for Boeing and Airbus suppliers could ease as the planemakers, which have been raising production rates to meet orders, approach full production and burn down inventory buffers, Robert Stallard, an analyst with RBC Capital Markets, wrote in an industry report released Jan 7, 2013, titled: Global Aerospace & Defense: The 2013 Oracle.
The U.S. avoided the doom of a fiscal cliff and the Mayan end of the world, it said, along with the completion of the U.S. election.
“With many of the macro issues of last year behind us, and raw economic lead indicators showing signs of modest improvement, we are taking a more optimistic stance as 2013 kicks off,” Stallard wrote.
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