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US remains most attractive country for aerospace manufacturing

January 06, 2020 / Consulting.us

The US maintained its top spot on PwC’s aerospace manufacturing attractiveness index, while Washington remained the most attractive US state for aerospace manufacturing. The consulting firm’s annual index ranks countries and states based on cost, economy, infrastructure, labor, industry, tax policy, and geopolitical risk. 2018 was a banner year for the global aerospace industry, with the top 100 A&D firms by revenue recording $760 in revenue, increasing 9% from 2017. The industry’s operating margin increased by 10 basis points to 10.7%. The global A&D industry is expected to book continued to growth in 2019, driven by higher defense spending and increases in aircraft deliveries – with the current backlog in orders sitting at 6-8 years. Commercial revenue passenger miles grew 6.5% in 2018, while new aircraft deliveries increased by 8% to a record 1,606 large aircraft.