In the weeks following Russia's invasion of Ukraine, the defense sector saw robust growth, with Congress passing one of the largest defense spending bills in history. And last month, President Biden signed a bill that delivers $40 billion in assistance for Ukraine as Congress moves to keep military aid to the country flowing.
Also, commercial air travel is in far better shape now than projected, which bodes well for the industry. New technology, shifting company models, and increased merger and acquisition activity should result in better operational efficiencies in 2022 and boost the sector’s overall growth. The global Aerospace and Defense market size is projected to reach $49.7 billion by 2026, growing at a 2.5% CAGR.
