2022: Mid-year update

At the beginning of 2022, Aerospace & Defense (A&D) sector participants and observers were focused on the return of commercial travel along with the Russian-Ukrainian war. The latest data indicates that both commercial and business travel continue to propel the Aerospace industry while increased military spending by governments boost the Defense industry. In the Space industry, both public and private users’ reliance on satellite capabilities, particularly satellite imagery, continues to expand rapidly. Some highlights from the past 6 months include: 

• Global air traffic growth year-over-year in May was estimated to be above 85%
• Business travel remains strong, growing 12% in the U.S. and 32% in Europe year-over-year
• Defense spending has increased across the world, highlighted by the U.S. Congress increasing military spending almost 4% beyond the initial White House request
• Space investments continue to grow, capturing over $13 billion in capital so far this year

read more

Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc., © 2022, Mesirow Financial Holdings, Inc. All rights reserved. Mesirow does not provide legal or tax advice. Securities offered by Mesirow Financial, Inc. member FINRA, SIPC. Some information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. It should not be assumed that any his-torical market performance information discussed herein will equal such future performance. This report is for information purposes only, and should not be considered a solicitation to buy or sell any security.