With the 787 finally expected to fly next summer, 2009 could be a good year for the aerospace industry, but analysts are divided on how long the good news will last. Richard Aboulafia of the Teal Group expects airline cancellations to hit Boeing Co. in 2010 and continue to drag down results for at least three years. But Barclays Capital analyst Joe Campbell believes the downturn "will not be deep and prolonged." The much-delayed 787 program could be the key to Boeing's performance through 2013, when its competitor, the Airbus A350, is scheduled to debut.

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