According to research by industry leader The Boeing Company (NYSE:BA), the number of civilian planes in service is set to double by the year 2032. In addition, 75% of the planes already in service will need to be replaced over the same period. So, Boeing's predictions estimate that by 2032, 35,280 new planes will need to be manufactured for the global aviation industry for a total cost of $4,840 billion.
Civil aviation industry attractive for contractors
This obviously presents an opportunity, as even with military aviation budgets being cut around the world, it would appear as if aerospace contractors are going to have...
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