Shrinking defense budgets affect military aircraft industry

Overall production of military aircraft will decline in the next 10 years, mainly as a result of shrinking defense budgets, according to a new study. Market research and analysis firm Forecast International said the downturn will primarily affect Western-built aircraft, but some segments of military aircraft production are anticipated to grow as Lockheed Martin's F-35 fighter and Airbus Military's A400M transport/tanker enter full production.

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