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The Impact of COVID-19 on the Aerospace & Defense Sector and the Road Ahead

by Arda MEVLÜTOĞLU

Issue 100

The COVID-19 pandemic is still continuing, and it has already inflicted heavy damage on the global economy. Virtually all sectors have suffered serious damage because of the direct and indirect effects of the pandemic, aerospace and defense being no exception. Global manufacturing networks and supply chains have been disrupted, budgets have shrunk, and programs have been delayed, the aerospace and defense sector has entered a period of uncertainty and faces multiple threats. It can be said that it will take significant time for the sector to recover to pre-pandemic levels globally.

The impact of COVID-19 on the aerospace and defense industry can be assessed under three main topics: Human resources, manufacturing and supply networks, and programs and budgets.

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