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Published by | frost-sullivan |
Published | 17 December 2013 |
Reads | 6 |
Language | English |
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PR Newswire
MOUNTAIN VIEW, California, Dec. 17, 2013
-- While DoD budgets are slashed, civil helicopter purchases will grow to support a broader range of industries
As Department of Defense (DoD) budgets tighten, military services will be forced to spend less on helicopters. The declining budget is also driving trends of upgrading and remanufacturing existing platforms rather than funding new helicopter programs. Conversely, the civil helicopter market has rebounded after the 2008-2009 recession that resulted in a lack of financing to support civil helicopter purchases. The improving U.S. economy has allowed for recapitalization of old aircraft as well as new purchases to support growing demand from industries such as emergency medical services, oil and gas.
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