Critical for aerospace companies to rein in excesses

The aerospace market, buoyed by ongoing conflicts in Iraq and Afghanistan, is facing a somewhat restrictive future, according to AlixPartner LLP, in its 2010 Global Aerospace and Defence Review. The post-recession era will become what it terms a "new normal" characterised by "prolonged aneamic demand, shrinking defence budgets and brutal competition that must now encompass new players from Russia and China".