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Business/Financial

Boeing Estimates Global Defense And Space Market Of $2.5 Trillion Through 2028

By Cal Biesecker

Monday, June 17th, 2019

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Boeing Estimates Global Defense And Space Market Of $2.5 Trillion Through 2028

Pie charts depicting broad brush breakout of global defense spending by product and region through 2028. Graphic: Boeing

Boeing [BA] projects that the global market for defense and space opportunities over the next decade will be worth $2.5 trillion, part of an $8.7 trillion forecast for the overall aerospace and defense market through 2028. Defense and space spending are projected to be relatively stable, growing at a 1.2 percent compound annual growth rate, Boeing said on Monday. “Aerospace and defense continues to be a healthy and growing industry over the long-term, boosted by strong fundamentals across the commercial,…

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