Q2 2023 Aerospace and Defense Industry Update
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GCG’s Q2 2023 A&D Industry Update provides an overview of the latest trends in the sector, including recent equity market performance, valuation multiples, and transaction activity.
Key findings include the following:
- Airbus announced it would double capacity at its Tianjin, China plant by adding a second final assembly line as it aims to produce 75 A320neo family aircraft a month in 2026
- Virgin Orbit filed for bankruptcy after failed launch and lack of funding
- Ryanair placed a firm order for 150 Boeing 737-10 aircraft for delivery between 2027 and 2033
- Congress endorsed a 3.3% increase in the defense budget for fiscal year 2024, allocating $886 billion
- The Paris Air show returned after a 4-year hiatus; including an IndiGo order for 500 Airbus A320 family aircraft, believed to be the largest ever single purchase agreement
Click here for the full update.
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