3 Things Aerospace Investors Need to Know
The COVID-19 pandemic has hit the aerospace industry hard in 2020. The industry started the year as the star performer in an otherwise weak industrial economy. However, it will end it with investors wondering just when commercial air travel can get back to 2019 levels and what kind of industry it will be in the future? In order to shed some light on these questions, let's take a look at what Raytheon Technologies (NYSE: RTX) CEO Greg Hayes has said recently about the industry.
It's no secret that it's going to take years for the industry to recover, and the timing of the recovery is important. After all, analysts and investors will be penciling in earnings assumptions based on when air travel will get back to previous levels. A slowdown in air travel impacts both original equipment manufacturer (OEM) sales and the aftermarket -- both key areas for engine manufacturers Raytheon and General Electric (NYSE: GE).
Aircraft engine services are big money generators for GE and Raytheon Technologies.
Source Fool.com
