End of a 'golden decade'

摘要

With defence budgets under pressure here and in the US, companies are becoming concerned about the amount of work that may not flow through the related supply chain in the years ahead. And that's because the US is the world's largest spender on military wares, while the UK comes in as is the fourth highest spender (in cash terms) and is also a significant supplier the US. Martin Wright, chief executive of the North West Aerospace Alliance, is reported recently as having said that cuts to government defence spending meant military aircraft-making could be in permanent decline. "The main worry in the supply chain is the defence cuts" he offers, although highlights that civil aerospace industry was growing fasterthan expected. And with "a flat defence industry and a growing civil industry" he says many contractors were looking to shift towards civil work.