Fitch Street View: Stable Outlook for Global A&D Despite Defence Cuts & Lower Airline Profits

11-Jul-2011 As part of its recent European aerospace and defence investor seminars, Fitch Ratings discussed the outlook for commercial aerospace, the likely effect of the cuts to defence budgets in Europe, the potential for greater merger and acquisition (M&A) activity involving the large European companies, the long-term threat posed by new entrants in the large commercial aircraft (LCA) market to Airbus and Boeing, as well as the likely drivers of future rating actions.