Farnborough 2002 Report
If a major international airshow can be accepted as an accurate snapshot of the prevailing condition of the world’s aerospace and defense industries, then
If a major international airshow can be accepted as an accurate snapshot of the prevailing condition of the world’s aerospace and defense industries, then the picture presented by Farnborough 2002 (held July 22 to 28) clearly showed both as having seen better days. That said, the sell-out event’s 1,200 exhibitors also gave the strong impression that they expect a rosier future, albeit after one or two more years of market stagnation.
Part of the snapshot was the $9 billion worth of business that was announced during the show, according to its organizer, the Society of British Aerospace Companies (SBAC). But this was only 17 percent of the staggering $52 billion figure heralded at the previous event two years ago.
