AEROSPACE AND DEFENCE ANALYSIS BY LLOYDS TSB

We would like to introduce you to our new Lloyds Bank Corporate Markets publication, Aerospace and Defence, written by the Sector team. This publication provides an outlook for the aerospace and defence sector.

We would like to introduce you to our new Lloyds Bank Corporate Markets publication, Aerospace and Defence, written by the Sector team. This publication provides an outlook for the aerospace and defence sector.

Aerospace output held up much better than that of the economy as a whole during the recession due to defence sales and order back logs but the subsequent rebound has been more modest. Looking forward a global upturn in airline activity will both underwrite current aerospace orders and should lead to new orders. However, domestic defence sales will be held back by budgetary constraints and so exports will become even more important to the industry. Further out the impact of climate change policies will have a growing impact on the industry as will competition from emerging market producers.

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