Fitch Ratings: Sector Gains Stability After Pandemic

Fitch Ratings has issued a positive outlook for the aerospace and defense industry, citing record aircraft backlogs, rising defense spending, and improving supply chains. The report notes that manufacturers are struggling with skilled labor shortages, but expects production rates to rise gradually. Boeing’s acquisition of Spirit AeroSystems is also expected to give the company more control over complex aerostructures work. AeroTime, citing Fitch’s report, reports that the industry is gaining stability after several uneven years.