Aerospace manufacturing has been turned on its head almost overnight. Geared for record-high monthly production rates, the industrial base suddenly faces OEM production rate cuts of a quarter, third or even half, depending on the program. Liquidity remains a top concern, and consolidation is speeding up. Relationships are being redefined.
Digitally, everything will change, with every month post-pandemic equal to a year pre-COVID. The market may change, too, with supersonic, UAM and hybrid-electric and sustainable fuels racing toward implementation.
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