The 2005 Flight international's Aerospace top 100 features 26 pages of insight into the aerospace & defence industry. This year's report is compiled by PricewaterhouseCoopers and includes comprehensive analysis of the aerospace top 100 marketplace.
The information used in compiling this report has been obtained solely from publicly available company annual reports and other publicly available data.
Key Findings:
- In 2005 the aerospace industry had recovered significantly from the trough of 2003.
- The upturn in civil aerospace will drive strategic repositioning and ownership.
- Acquisitions are increasing in civil aerospace.
- Private equity interests are still strong in the sector.
- Revenues increased by about 13 percent and profits by around 22 percent for the top 100 aerospace companies, confirming that 2003 was the bottom of the latest downturn in this cyclical industry. With defence sales remaining strong, it is the recovery in commercial aviation that is driving the improvement.
- Recovery in the commercial aviation sector is driving the improvement or the top 100 aerospace companies, coupled with continuing strong defence business.
- While there was no significant increase in commercial aircraft deliveries in 2004, orders returned, and strong growth was expected for 2005 and beyond as production ramps up.
- Civil aircraft production is expected to increase by more than 40 percent, with different dynamics driving each segment of the industry.
For more information about the survey, contact
Neil R Hampson, Valuation & strategy partner or
call
Tel: + 44 (20) 7804 9405. For a copy of the report please contact Li-Ann Liew at
Li-ann Liew or on Tel: + 44 (20) 7212 6213.
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