Primes return to cash deployment to fuel growth

摘要

Uncertainty during 2009 led defence firms to exercise highly conservative cash deployment strategies; the shoring up of liquidity was paramount.rnCorporate ratings agency Fitch Ratings argues that the strong liquidity and financial flexibility enjoyed by the global aerospace and defence (A&D) industry helped the sector to withstand the difficult economy in 2009; the industry even improved its liquidity position during the year, although this did cause an increase in total debt.rnThere are indications that such parsimony is easing, however. The upper echelons now appear to be looking towards cash deployment to maintain growth, albeit conservatively.