Welcome to Aerospace & Defense Manufacturing 2018. This year, we’re proud to offer you a comprehensive outlook on the A&D industry from Richard Aboulafia, VP of analysis at Teal Group Corp. In Aboulafia’s report, he begins with a strong statement: “The outlook for the aircraft industry is now the best it has been for decades.”

The competition for aerospace production work among U.S. states and regions is intensifying for a simple reason: The outlook for the aircraft industry is now the best it has been for decades. Topline output continues at near-record levels. Key segments look set for growth through the next three years, at least.

Despite the industry’s growth and prosperity, the number of aircraft industry players remains relatively constant. While the industrial consolidation of the last two decades has ceased, there are few signs of significant new market players. A very broad range of factors is responsible for this stasis.