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Executive summary The 2017 Global aerospace and defense outlook reviews the industry’s performance in 2016 and expectations for 2017. It outlines a long term projection for aircraft production, as well as an analysis of global defense spending. It also provides perspectives on defense contractor expectations, growth in travel demand driven by wealth creation in Asia and the Middle East, and observations on what travel demand means for the commercial aerospace sub-sector. This year’s outlook finds global aerospace and defense (A&D) industry revenues expected to resume growth, driven by higher defense spending. Trends forecast a return to growth The global aerospace and defense industry is likely to experience stronger growth in 2017.