Q3 2024 Aerospace and Defense Industry Update

This document is an industry update focusing on the aerospace and defense (A&D) sector for the third quarter of 2024. It details several industry trends, including the impact of the recent Boeing strike on supply chains and discusses the increasing investment by airlines in faster in-flight Wi-Fi technology. The U.S. defense budget for FY 2025 is outlined, indicating a total funding of $852 billion, reflecting a 3.3% increase over the previous fiscal year. Boeing's 2024 Commercial Market Outlook predicts air travel demand growth outpacing economic growth through 2043. The update also covers A&D industry public market performance, highlighting overall growth in the sector and a resilient merger and acquisition (M&A) activity landscape. The document notes the strategic buyers' dominance in M&A transactions, which are being driven by favorable lending conditions and geopolitical trends impacting the A&D industry. Overall, the update underscores the structural changes and performance metrics in the A&D sector.