We are working on bringing the critical technologies necessary for the implementation of domestic and national defense industry projects to our country, and supplying sub-components to companies operating in this field.
According to PwC analysis, the aerospace and defense industry reported $712 billion of revenue in 2021 (up 4% over 2020), and $62 billion of operating profit (up 136%). However, industry performance remains well below pre-pandemic record levels.
The economic recovery for the aerospace and defense industry gained momentum in 2022 on the heels of rising demand for air travel. As passenger traffic gradually returns to pre-pandemic levels, increases in new aircraft and military orders signal continued growth in the approaching year3.