Biden win would be a mixed blessing for aerospace, but a Trump win could be worse

Nov. 2, 2020
But one way or another, the pandemic will run its course and global demand will then revert to trend—meaning steady growth, Loren Thompson writes for Forbes.

WASHINGTON - In the 20 years since the new millennium began, the United States has steadily lost ground in technology exports. The one big exception is aerospace, where America continues to dominate the world, Loren Thompson writes for Forbes. Continue reading original article.

The Intelligent Aerospace take:

November 2, 2020 -Thompson opines in his piece for Forbes that a second Trump term would likely continue to invest in defense spending. He notes that the USAF is buying a new tanker from Boeing, a new fighter from Lockheed Martin, and a new bomber from Northrop Grumman, and the Space Force is investing in new technologies. But, President Trump has talked of "decoupling" from the Chinese economy. China, according to Boeing, will command one fifth of new jet demand over the next two decades.

Thompson says that if Biden wins, the former vice president would maintain his position on international trade agreements and military treaties related to mutual defense. While Biden has said he does not plan to reduce defense spending, Thompson notes that Democratic administration have generally put funds into personnel and readiness, whild Republicans spend on technology programs.

Related: China and Airbus expand their partnership in civil aviation

Related: Boeing slashes forecast for new aircraft demand, expects coronavirus pandemic to hurt sales for more than a decade

Related: Asia Pacific region sees greatest demand for commercial airline personnel

Jamie Whitney, Associate Editor
Intelligent Aerospace

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