INDUSTRY OUTLOOK
6 JANUARY/FEBRUARY 2017 AIRCRAFT MAINTENANCE TECHNOLOGY
2016 WAS ANOTHER VERY GOOD YEAR
FOR the aerospace industry. At the Farnborough
Airshow alone we saw US$123.9 billion of deals
recorded. The global aerospace and defense mar-
ket continues to enjoy huge revenue momentum,
with historically high backlogs for Tier 1 suppli-
ers, and the industry has to try to keep up with
this demand.
Airbus and Boeing are now at the point where
they are no longer competing in the same way.
AEROSPACE AND DEFENSE
2017 PREDICTIONS
Innovations and obstacles create a race for production, risk-sharing,
and aermarket services
By Anand Parameswaran
FARNBOROUGH
INTERNATIONAL
Airshow 2016
RONALD DONNER
There are now too many orders for both combined,
and the new battleground moving into 2017, will
be fought in their factories, as they race to see who
can increase production rates to match their com-
mitments. To tackle this, Boeing and Airbus have
targeted 25 to 30 percent increases in production.
Keeping pace with this will be a significant chal-
lenge for both companies and their supply chains,
and we are seeing a huge drive for innovations that
can support progress here.
But this is far from the only obstacle that the
industry faces in 2017 and beyond. In this article, I
will also explore developments that are happening
in the aftermarket, how technology is transforming
this and the manufacturing side of aerospace, as