Consulting firm expects quiet year in aerospace

03/23/2009 | Financial Times (free content)

Following a "catastrophic" second half in 2008, the aerospace industry in 2009 will be merely "subdued," according to an analysis by consulting firm PricewaterhouseCoopers. Big defense contractors may make a few bargain purchases as private equity firms look to reduce debt, though conserving cash will be the top priority overall. On the civil aviation side, the big unknown for 2009 is the pace of order cancellations, according to PwC.

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