A humbled aerospace industry holds its annual festival next week struggling to meet demand because of a crisis inside its plants. For decades a venue for...
FILE PHOTO: General view of signage at Farnborough AirportFARNBOROUGH, England - A humbled aerospace industry holds its annual festival next week struggling to meet demand because of a crisis inside its plants.
Boeing in particular is expected to adopt a muted tone as it wrestles with a corporate crisis following the mid-air blowout in January of a door plug blamed on missing bolts. Aviation was hit hard by the pandemic which saw air travel collapse only to bounce back sharply. That has left many firms scrambling to resolve labour and parts shortages. By the time they recover, the juiciest part of the business cycle may be running out, said Agency Partners analyst Nick Cunningham."In the past the issue has always been one of demand, about how long is the cycle going to last. Now the issue is about getting the boxes out of the door.
The vulnerability of airlines to setbacks was underscored on Friday when a global cyber outage caused airport chaos and hundreds of flight cancellations, on top of scarce jet capacity. But the re-emergence of big-power rivalries has focused attention on the most sophisticated systems including NGAD's concept for fighters teamed up with swarms of drones.
Britain is in one of two groups exploring similar crewed-uncrewed systems, designed to throw lethal mass at adversaries. "Europe is following the tail lights of NGAD and the brakes are coming on," said a European defence industry source.
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