Moody’s – Global aerospace and defense industry outlook changed to negative on coronavirus contagion

London, March 24, 2020 —

  • New aircraft deliveries likely to be delayed to alleviate balance sheet strain as passenger volumes fall
  • Parts and service business to contract on big capacity cuts, low flying hours

The outlook for the global aerospace and defense industry has changed to negative from stable in the wake of the coronavirus outbreak, Moody’s Investors Service said today in a new report.