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This week, we provide an update for business jet production to 2030. Overall, the segment has demonstrated stronger than expected performance in terms of flight hours flown, primarily in North America and also production which was down only 18% from 2019...
We have revised some of our numbers for the next five years. As outlined in our first briefing in April , 2020 to 2023 will witness a severe contraction, particularly for widebody markets. A slow recovery will materialize in the second half of the 2020s for that segment of the market.
Since Boeing's not so unexpected capture of the USAF T-X market, we have been reviewing the potential of this aircraft with interest since it will represent a significant test for Boeing ahead of the F-18, F-22 and F-15 recapitalization programs. T-X is a multifaceted effort - a new (and critical) production system, a new way to develop and produce an light jet aircraft (thank you Saab), a new training system, new supply chain engagement, new approach to rapid technology insertion plans and capabilities development. The next two decades will also be characterized by major market access challenges for Boeing and the United States. In this forecast note, we have selected to look only at the market accessible to the T-7A and thus have omitted such markets as China and Russia that we would normally included.