Industry analyst sees growth ahead

This year’s big surge in orders is a precursor of good times ahead for the world’s aerospace business. That’s the message http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/12-09-2005/0004230938&EDATE= from go-to analyst Richard Aboulafia of the Teal Group, who is projecting that more than $1 trillion worth of planes will get built worldwide in the next decade. Both commercial and military aviation is growing, he said.

Key Quote: “Boeing’s jetliner product line rejuvenation is leading to growing market success. Boeing’s success, coupled with Lockheed Martin’s F-35 and broad US defense export market dominance, means great things for the US’s share of the industry. US primes are gaining global market share, largely due to their successful embrace of globalization.”