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There are some aerospace products that will never be considered obsolete. Many of the largest component manufacturers in the industry have been supplying nuts and bolts to aircraft specifications for decades — and other than oscillating between titanium, stainless steel, aluminum, and other exotic materials, those designs are not going away anytime soon. Other products…
There’s an interesting paradox that can be attributed to the aerospace industry: despite being responsible for some most advanced military and consumer-based technology the world has ever seen, the supply chain that brings such technology to life is notoriously traditional. Where OEMs in other industries have adopted various software applications to monitor inventory and establish…
While each industry can be defined by its own defining features and challenges, the aerospace industry stands apart as being particularly unique — and risky. By 2023, the Airbus Global Market Forecast projects there to be roughly 37,400 passenger and freight aircraft in regular rotation, up from 18,460 in 2014. Despite this growth, however, the…
Driven by increased travel demand and decreased fuel costs, the aerospace industry is perfectly poised for a new era of growth and expansion. In a recent study, the aerospace sector grew by 2.4 percent in 2016 alone, with a total revenue nearing $674 billion. With such opportunity, however, aerospace leaders such as Boeing and Airbus…