The aerospace and defense industry is facing mixed circumstances in terms of future outlook. The commercial aerospace industry seems to be improving as the economic recovery is starting to take momentum resulting in increased economic activity and improvement in traveling demands. On the basis of these trends, the aerospace industry, despite the high degree of competition from large players, possesses strong potential for future growth. At the same time, many analysts find the defense industry to be a little grim. Deloitte's 2013 outlook suggests that the industry has restricted future prospects as many major defense spending countries are cutting down on their budgets. The report also suggests that the limitation of budget spending will open doors for mergers and acquisitions...
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