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The Global Military Aviation MRO Market

2015-2025 Reference Code: DF0071SR

Published: August 2015

Report Price: US$ 4,800 (Single Copy)

The Global Military Aviation MRO Market 2015–2025 Single Copy Price: $4,800

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Summary

“The Global Military Aviation MRO Market 2015–2025” report offers the reader detailed analysis of the global

Military Aviation MRO market over the next ten years, alongside potential market opportunities to enter the

industry, using detailed market size forecasts.

The global Military Aviation MRO market is expected to increase from US$XX billion in 2015 to US$XX billion

in 2025, with cumulative spending of US$XX billion. The market is expected to be dominated by North

America, occupying XX% of the market share, followed by Asia-Pacific XX% and Europe XX%.

“The Global Military Aviation MRO Market 2015–2025” provides detailed analysis of the current industry size

and growth expectations from 2015 to 2025, including highlights of key growth stimulators. It also benchmarks

the industry against key global markets and provides a detailed understanding of emerging opportunities in

specific areas.

Key Findings

The global military aviation MRO market is expected to be worth US$XX billion in 2015 and is expected

increase to US$XX billion by 2025, representing a CAGR of XX% during the forecast period. The expenditure

on the sector is expected to be driven by aging military equipment globally, technological innovations in the

industry, internal and external security threats, territorial disputes, and modernization initiatives undertaken by

armed forces across the world. Cumulatively, the global market for military aviation MRO is projected to value

US$XX billion during the forecast period and is expected to be dominated by North America, followed by Asia

Pacific and Europe.

Key Features and Benefits

The report provides detailed analysis of the global Military Aviation MRO market during 2015–2025, including

the factors that influence why countries are investing on enhancing their Military Aviation MRO capabilities. It

provides detailed expectations of growth rates and projected total expenditure. The report will also provide a

deep qualitative analysis of the global Military Aviation MRO sector covering sections including demand

drivers, SWOT, industry trends, latest technological developments, among others. The major programs

section will inform the user about programs being undertaken within the global Military Aviation MRO

departments in different segments of the market.

North America accounts for the highest spend in the global military aviation MRO market and most of the

expenditure can be attributed to the US, with Canada accounting for a small share. The US maintains the

largest fleet of aircraft; comprising more than XX% of the total military aircraft around the world. The primary

factor driving the country’s aviation MRO market is quite simply the sheer size of the aircraft, helicopter and

UAV fleets, which is consistently being updated with latest technology systems. The majority of MRO

expenditure is on the country’s large fleet of multi-role aircraft which require high maintenance on airframe and

engines, and the transport utility and surveillance aircraft which require continuous high field and component

maintenance services. Other regions such as Europe and Asia Pacific are also expected to spend

substantially on life extension and upgrade programs of military aircraft and helicopters. Latin America, Middle

East and Africa are expected to witness robust sector growth, in spite of being considerably small in

comparison with other regions.


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1 Global Military Aviation MRO Market Size and Drivers

1.1 Military Aviation MRO Market Size and Forecast 2015–2025

1.1.1 Global military aviation MRO market to show positive growth during the forecast period

The global military aviation MRO market is estimated to value US$XX billion in 2015 and increase at a CAGR

of XX% during the forecast period, to reach its peak of US$XX billion by 2025. The market consists of five

categories: Multi-role aircraft MRO, transport and other aircraft MRO, multi-mission helicopter MRO, transport

helicopter MRO, and UAV MRO. The Multi-role aircraft MRO market is expected to account for XX% of the

global military aviation MRO market, followed by transport and other aircraft MRO with a share of XX%, and

multi-mission helicopter MRO with a XX% share. The transport and training helicopter MRO and UAV MRO

markets cumulatively account for the remaining XX% share. During the forecast period, cumulative global

expenditure on military aviation MRO is expected to reach US$XX billion.

The chart below shows the expected Military Aviation MRO market value during 2015–2025:

Figure 1: Global Military Aviation MRO Market (US$ Billion), 2015–2025

Source: SDI analysis © SDI

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1.2 Global Military Aviation MRO Market – Regional Analysis

1.2.1 North America Dominates the Global Market

During the forecast period, North America is expected to dominate the Global Military Aviation MRO market,

with a total share of XX%. Asia-Pacific and Europe are also expected to account for a significant portion of the

total Military Aviation MRO market during the forecast period, with shares of XX% and XX% respectively. Latin

America, the Middle East, and Africa cumulatively account for XX% of global Military Aviation MRO

expenditure.

North America accounts for the highest spend in the global military aviation MRO market and most of the

expenditure can be attributed to the US, with Canada accounting for a small share. The US maintains the

largest fleet of aircraft; comprising more than XX% of the total military aircraft around the world. The primary

factor driving the country’s aviation MRO market is quite simply the sheer size of the aircraft, helicopter and

UAV fleets, which is consistently being updated with latest technology systems. The majority of MRO

expenditure is on the country’s large fleet of multi-role aircraft which require high maintenance on airframe and

engines, and the transport utility and surveillance aircraft which require continuous high field and component

maintenance services..

The table below gives a brief overview of the global Military Aviation MRO market:

Table 1: Global Military Aviation MRO Market Overview

Region Market in 2015 Market in 2025 Total Market (2015–2025)

Annualized growth/decline

(2015–2025)

North America US$XX billion US$XX billion US$XX billion XX%

Asia-Pacific US$XX billion US$XX billion US$XX billion XX%

Europe US$XX billion US$XX billion US$XX billion XX%

Latin America US$XX billion US$XX billion US$XX billion XX%

Middle East US$XX billion US$XX billion US$XX billion XX%

Africa US$XX billion US$XX billion US$XX billion XX%

Total Military Aviation MRO Market US$XX billion US$XX billion US$XX billion XX%



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The following chart shows the regional breakdown of the Global Military Aviation MRO market:

Figure 2: Military Aviation MRO Market Breakdown by Region (%), 2015–2025


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2 SWOT Analysis of the Military Aviation MRO Market

Table 2: SWOT Analysis of the Military Aviation MRO market

Source: SDI Analysis © SDI

Strengths

Weaknesses

Opportunities

Threats


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3 Country Analysis – Military Aviation MRO Market

3.1 United States Market Size and Forecast 2015–2025

The US, with the largest military aircraft fleet, will be the dominant market for military aviation MRO over 2015-

2025, estimated to account for XX% of the total market during this period. Majority of the US aircraft fleets

need repair and modification works resulting from the continuous usage during the Afghanistan war, will be

driving the market over the forecast period. In addition, procurement delays of F-35 and other newer aircraft

owing to the budget cuts are also add to the demand for sustainment works for the older aircraft, operational

life of which are to be extended for some more time to compensate for the delays. Another major development

has been the successful adoption of the Performance Based Logistic (PBL) route for sustainment of C-17

Globemaster transport aircraft instead of regular maintenance and repair contracts, which resulted in the

savings of US$XX billion till now. As a result of which, the US government decided to undertake the PBL

contracts in the future as well, especially for the maintenance of F-35 JSF over the next XX year period. As a

result, the military aviation MRO market is estimated to witness a steady growth rate over the forecast period,

growing from US$XX billion in 2015 to reach US$XX billion by 2025. On a cumulative basis, the US is

projected to spend US$XX billion on the market.

The table below gives a brief overview of the US Military Aviation MRO market:

Table 3: US Military Aviation MRO Market Overview

Category Market in 2015 Market in 2025 Total Market (2015–2025)

Annualized growth/decline

(2015–2025)

Multi-role Aircraft MRO US$XX million US$XX billion US$XX billion XX%

Transport and Other Aircraft MRO US$XX million US$XX billion US$XX billion XX%

Transport Helicopter MRO US$XX million US$XX billion US$XX billion XX%

Multi-mission Helicopter MRO US$XX million US$XX billion US$XX billion XX%

UAV MRO US$XX million US$XX billion US$XX billion XX%

Total US Military Aviation MRO Market

US$XX million US$XX billion US$XX billion XX%



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The chart below shows the Military Aviation MRO market size in the US between 2015 and 2025:

Figure 3: Military Aviation MRO Market in the US (US$ Billion), 2015–2025


The table below shows the key US Military Aviation MRO programs:

Table 4: Key US Military Aviation MRO Programs

Program/Equipment Name

Type Quantity Procured

Supplier/Country Delivery Period

Total Contract Value

C-17 Globemaster III integrated sustainment

program (GISP).

Transport and Other Aircraft

MRO NA Boeing / US 2012-2021 US$XX Billion

F-15 Modernization Maintainence Services

Multi-Role Aircraft

NA Boeing / US 2010-2028 US$XX Billion

MQ-4C Triton Support Services

UAV MRO NA Northrop Grumman/ US 2015-2040 US$XX Billion

Maintenance training, logistics support, spares, support equipment and tools for P8A Poseidon

Aircraft

Multi-role Aircraft MRO

NA Boeing / US 2015-2025 US$XX Billion


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The following chart shows the category break–up of the Military Aviation MRO market in the US from 2015–

2025:

Figure 4: Military Aviation MRO Market Split By Category in the US (%), 2015–2025


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MRAP IFV APC LMV MBT Tactical Truck


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Report Methodology

Strategic Defense Intelligence (SDI) dedicated research and analysis teams consist of experienced

professionals with a background in industry research and consulting in the defense sector. The market size is

derived by consolidating ongoing procurement programs, modernization initiatives, and future procurement

plans, utilizing information gathered through primary and secondary sources. Forecasting is conducted based

on the lifetime of current inventory levels, suitability/need of the weapon category for a specific country, budget

availability, and opinion of leading industry experts. The following research methodology is followed for all

databases and reports.

Secondary Research

The research process begins with exhaustive secondary research to source reliable qualitative and

quantitative information related to the Military Aviation MRO market. The secondary research sources that are

typically referred to include, but are not limited to:

Globally renowned think tanks

Industry associations

National government documents and statistical databases

Company websites, annual reports, financial reports, broker reports, and investor presentations

Industry trade journals and other literature

Internal and external proprietary databases

News articles, press releases, and webcasts specific to the companies operating in the market

Primary Research

SDI conducts hundreds of primary interviews a year with industry participants and commentators in order to

validate its data and analysis. A typical research interview fulfils the following functions:

Provides first-hand information on market size, market trends, growth trends, competitive landscape,

and future outlook.

Helps to validate and strengthen secondary research findings.

Further develops the analyses team’s expertise and market understanding.

The participants who typically take part in such a process include, but are not limited to:

Industry participants: CEOs, VPs, business development managers, market intelligence managers,

and national sales managers.

External experts: investment bankers, valuation experts, research analysts, and key opinion leaders

specializing in defense markets.


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Conventions

Currency conversions are performed on the basis of average annual conversion rate format

calculations.

All the values in tables, with the exception of compounded annual growth rate (CAGR) and

compounded annual rate of change (CARC) are displayed to one decimal place. Growth rates may,

therefore, appear inconsistent with absolute values due to this rounding method.

Related Reports

The Global Naval Vessels and Surface Combatants Market 2015–2025

The Global Armored Vehicles and MRO Market 2015–2025

The Global Military Simulation and Virtual Training Market 2015-2025

The Global Military Fixed-Wing Aircraft Market 2015–2025

The Global Military Rotorcraft Market 2015–2025

The Global Soldier Modernization Market 2015–2025


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TABLE OF CONTENTS

1 Introduction ......................................................................................................................... 12

1.1 What is this Report About? ............................................................................................................. 12

1.2 Definitions ...................................................................................................................................... 12

1.3 Summary Methodology ................................................................................................................... 14

1.4 About Strategic Defence Intelligence .............................................................................................. 15

2 Executive Summary ............................................................................................................ 16

3 Global Military Aviation MRO Market Size and Drivers .................................................... 18

3.1 Military Aviation MRO Market Size and Forecast 2015-2025 .......................................................... 18

3.1.1 Global military aviation MRO market to show positive growth during the forecast period ........................18

3.2 Global Military Aviation MRO Market – Regional Analysis .............................................................. 19

3.2.1 North America dominates the global military aviation MRO market .........................................................19

3.2.2 Multi-Role Aircraft MRO to drive the North American Military Aviation MRO spending ............................21

3.2.3 Aviation MRO market in the Asia-Pacific to witness robust growth over the forecast period ...................22

3.2.1 European military aviation MRO market expected to increase despite defense budget cuts ...................23

3.2.2 Markets in the Middle East to record robust spending on military aviation MRO .....................................25

3.2.3 Military Aviation MRO sector poised to register strong growth in the Latin American region ...................27

3.2.4 Military aviation market in Africa expected to register moderate growth over the forecast period ...........28

3.3 Military Aviation MRO Sub–Sector Market Size Composition ......................................................... 29

3.3.1 Multi-role Aircraft MRO market will remain the largest but will lose its share over the forecast period ....31

3.3.2 Transport and Other Aircraft MRO to account for the second largest segment in this sector ..................33

3.3.3 Market for Multi-mission Helicopter MRO to account for the third largest segment in this sector ............35

3.3.4 Market for Transport Helicopter MRO to account for the third largest segment in this sector ..................37

3.3.5 Market for UAV MRO to register a CAGR of XX% during the forecast period ..........................................38

3.4 Demand Drivers and Growth Stimulators ........................................................................................ 40

3.4.1 Aging military aircraft fleets act as catalyst for the aviation MRO market .................................................40

3.4.2 Technological innovations driving the military MRO market .....................................................................40

3.4.3 Consistent increase in the global military aircraft fleet ..............................................................................41

3.5 Defense Budget Spending Review ................................................................................................. 42

3.5.1 North American defense expenditure is projected to increase marginally during the forecast period ......42

3.5.2 European capital expenditure expected to increase during the forecast period .......................................43

3.5.3 Asian defense budgets expected to increase at a robust pace ................................................................44

3.5.4 Modernization programs likely to drive defense expenditure in South American countries .....................45

3.5.5 Military budgets of African countries expected to increase during the forecast period .............................46

3.5.6 Defense budgets of Middle Eastern countries likely to increase during the forecast period ....................47

3.6 Defense Modernization Review ...................................................................................................... 48


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3.6.1 Financial constraints causing delays in European defense modernization programs ..............................48

3.6.2 Defense budgets of Asian countries are likely to be driven by competitive arms acquisitions .................48

3.6.3 Global economic slowdown leading to defense budget cuts in the North American region .....................49

3.6.4 Need to replace aging equipment driving South American defense expenditure .....................................49

3.6.5 Security threats are increasing the defense budgets of African countries ................................................50

3.6.6 Demand for aviation MRO services is likely to increase in the Middle East .............................................50

4 Industry Trends, Recent Developments and Challenges ................................................. 51

4.1 Technological Developments .......................................................................................................... 51

4.1.1 3D printing used to manufacture attack aircraft parts ...............................................................................51

4.1.2 DSTO has developed the C-130J aircraft propeller balancing software ...................................................51

4.1.3 South Korea introduces radar absorbing paint for military aircraft ............................................................51

4.1.4 Snubber technology to result in cost savings in engine repairs ................................................................52

4.1.5 An acoustic system developed to monitor the structural integrity in military aircraft.................................52

4.2 Market Trends ................................................................................................................................ 53

4.2.1 Performance based logistics (PBL) contracts to increase ........................................................................53

4.2.2 Outsourcing of MRO activities to achieve cost benefits ............................................................................53

4.2.3 Entry of civil MRO providers into the military domain intensifies competition ...........................................54

4.3 Industry Consolidation .................................................................................................................... 55

4.3.1 Partnership programs are expected to increase over the forecast period ................................................55

4.3.2 Consolidation of businesses in the face of global defense budget cuts will become more active ............55

4.3.3 Private equity interest growing in the aviation MRO sector ......................................................................56

4.4 Key Challenges .............................................................................................................................. 57

4.4.1 Taxation hurdles hamper indigenous growth in some countries ...............................................................57

4.4.2 Lack of skilled personnel ...........................................................................................................................57

5 SWOT Analysis of the Military Aviation MRO Market ....................................................... 58

5.1 Strengths ........................................................................................................................................ 59

5.1.1 MRO outsourcing by leading defense spending nations driving growth for the sector .............................59

5.1.2 Procurement and modernization initiatives driving the market .................................................................59

5.1.3 Force readiness initiatives to attract sustained investment in the sector ..................................................60

5.2 Weaknesses ................................................................................................................................... 61

5.2.1 Lack of domestic MRO capabilities in some countries ..............................................................................61

5.2.2 Long cycle times often lead to a reduction in military equipment inventories ...........................................61

5.2.3 Performance based logistics contracts impair profitability for aviation MRO providers ............................62

5.2.4 Technology driven increase in MRO costs may deter nations from spending more than what is critically

required ..................................................................................................................................................................62

5.3 Opportunities .................................................................................................................................. 63

5.3.1 Pooling of defense resources to further opportunities for MRO suppliers ................................................63


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5.3.2 Increasing average age of aircraft globally to provide several MRO opportunities...................................63

5.3.3 Defense budget cuts expected to channel more funds towards the military aviation MRO sector ...........64

5.4 Threats ........................................................................................................................................... 65

5.4.1 A large portion of the MRO workload brought under the ambit of government depots in the US.............65

6 Country Analysis – Military Aviation MRO Market ............................................................ 66

6.1 United States Market Size and Forecast 2015-2025 ....................................................................... 66

6.1.1 Multi- role aircraft MRO to dominate the US military aviation MRO expenditure over the forecast period69

6.1.2 The US to spend US$XX billion on Transport and Other Aircraft MRO over the forecast period .............70

6.1.3 The Transport Helicopter MRO segment to exhibit a CAGR of XX% during the forecast period .............72

6.2 Russia Market Size and Forecast 2015-2025 ................................................................................. 73

6.2.1 Modernization of Tu-95 MS and Mig-31 aircraft to drive the Multi-role aircraft MRO segment ................76

6.2.2 Russian Transport and Other Aircraft MRO market to witness second highest expenditure during the

forecast period .......................................................................................................................................................77

6.3 The United Kingdom Market Size and Forecast 2015-2025 ............................................................ 78

6.3.1 The Integrated Merlin Operational Support (IMOS) contract to drive the multi-mission helicopter MRO

market 81

6.3.2 Multi-role aircraft MRO expected to account for the second highest expenditure in the UK ....................83

6.3.3 The Future Strategic Tanker Aircraft maintenance program to drive the UK MoD’s expenditure on

Transport and Other Aircraft MRO over the next decade ......................................................................................84

6.4 France Market Size and Forecast 2015-2025 ................................................................................. 85

6.4.1 French Transport and Other Aircraft MRO market to witness highest expenditure during the forecast

period ...................................................................................................................................................................88

6.4.2 Multi-role aircraft MRO expected to account for the second largest segment in the French military aviation

MRO market ..........................................................................................................................................................89

6.4.3 Transport and Other Helicopter MRO market to increase during the forecast period ..............................90

6.5 Saudi Arabian Market Size and Forecast 2015-2025 ...................................................................... 91

6.5.1 Multi-role aircraft MRO expected to be the largest segment during the forecast period ..........................93

6.5.2 E-3 AWACS modernization and C-130J support services to drive the Transport and Other Aircraft MRO

demand during forecast period ..............................................................................................................................94

6.5.3 Multi-mission Helicopter MRO market to be robust during the forecast period ........................................95

6.6 UAE Market Size and Forecast 2015-2025 ..................................................................................... 96

6.6.1 Operational readiness services to drive expenditure in the Multi-role aircraft market ..............................98

6.6.2 Multi-mission Helicopter MRO market expected to increase during the forecast period ..........................99

6.7 Chinese Market Size and Forecast 2015–2025 ............................................................................ 100

6.7.1 China is expected to invest heavily in multi-role aircraft MRO to maintain its rapidly growing fleet .......103

6.7.2 Multi-mission helicopter MRO to constitute the second largest segment of Chinese aviation MRO

expenditure ..........................................................................................................................................................104

6.7.3 Transport Aircraft MRO market to grow at a CAGR of XX% over 2015-2025 ........................................105


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6.8 India Market Size and Forecast 2015-2025 .................................................................................. 106

6.8.1 Multi-role aircraft MRO to grow at a CAGR of XX% over the forecast period .........................................109

6.8.2 Multi-mission helicopter MRO to constitute the second largest segment of expenditure over the forecast

period .................................................................................................................................................................110

6.8.3 India expected to spend US$XX billion on Transport and Other Aircraft MRO over the forecast period111

6.9 Australia Market Size and Forecast 2015–2025 ........................................................................... 112

6.9.1 Market for Transport and Other Aircraft MRO to comprise the largest segment of expenditure over the

forecast period .....................................................................................................................................................115

6.9.2 Multi-role aircraft MRO to constitute the second largest segment of expenditure in Australia ...............116

6.9.3 Australian expenditure on Multi-mission helicopter MRO to increase at a CAGR of XX% over the forecast

period 117

6.10 Brazil Market Size and Forecast 2015-2025 ................................................................................. 118

6.10.1 Transport and Other Aircraft MRO to account for the largest segment of expenditure during the forecast

period 121

6.10.2 Multi-role aircraft MRO segment to attract sustained investment over the forecast period ....................122

6.10.3 Multi-mission Helicopter MRO expected to grow at a CAGR of XX% over the forecast period .............124

6.11 Algeria Market Size and Forecast 2015-2025 ............................................................................... 125

6.11.1 Multi-mission Helicopter MRO market to increase at a CAGR of XX% during the forecast period ........127

7 Major Military Aviation MRO Programs ........................................................................... 128

7.1 Multi-role Aircraft MRO ................................................................................................................. 128

7.1.1 US - F-35 Joint Strike Fighter (JSF) Program .........................................................................................128

7.1.2 Russia - MiG-31 interceptors modernization program ............................................................................129

7.1.3 India - MiG-29 ..........................................................................................................................................130

7.1.4 US - B-52 Stratofortress Weapon System Modernization .......................................................................131

7.1.5 US - Raptor Enhancement Development and Integration program ........................................................132

7.2 Transport and Other Aircraft MRO ................................................................................................ 133

7.2.1 UK - E-3D Sentry Whole Life Support Program (WLSP) ........................................................................133

7.2.2 US - C-17 Globemaster III integrated sustainment program (GISP) ......................................................134

7.3 Multi-mission Helicopter MRO ...................................................................................................... 135

7.3.1 US - Logistics Support for H-60 Seahawk Helicopters ...........................................................................135

7.3.2 UK - Integrated Merlin Operational Support (IMOS) contract .................................................................136

7.3.3 US - US Air Force contract field teams (CFT) program ..........................................................................137

7.4 Transport Helicopter MRO ............................................................................................................ 138

7.4.1 US - Army Helicopter Maintenance and Logistics Support .....................................................................138

7.4.2 UK – Project Julius ..................................................................................................................................139

7.5 UAV MRO .................................................................................................................................... 140

7.5.1 UK - Watchkeeper 450 MRO ..................................................................................................................140

7.5.2 US - Support for the MQ-9 Reaper and related Systems .......................................................................141


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8 Competitive Landscape and Strategic Insights .............................................................. 142

8.1.1 Competitive Landscape overview ...........................................................................................................142

8.1.2 Boeing: Overview ....................................................................................................................................142

8.1.3 Boeing: Products and Services ...............................................................................................................142

8.1.4 Boeing: Alliances .....................................................................................................................................143

8.1.5 Boeing: Recent Contract Wins ................................................................................................................143

8.1.6 Boeing: Financial Analysis ......................................................................................................................145

8.1.7 BAE Systems: Overview .........................................................................................................................147

8.1.8 BAE Systems: Products and Services ....................................................................................................147

8.1.9 BAE Systems: Alliances ..........................................................................................................................147

8.1.10 BAE Systems: Recent Contract Wins .....................................................................................................148

8.1.1 BAE Systems: financial analysis .............................................................................................................149

8.1.2 DynCorp International Inc.: Overview .....................................................................................................151

8.1.3 DynCorp International Inc.: Products and Services ................................................................................151

8.1.4 DynCorp International Inc.: Alliances ......................................................................................................151

8.1.5 DynCorp International Inc.: Recent Contract Wins .................................................................................152

8.1.6 Pratt & Whitney: Overview ......................................................................................................................153

8.1.7 Pratt & Whitney: Products and Services .................................................................................................153

8.1.8 Pratt & Whitney: Alliances .......................................................................................................................153

8.1.9 Pratt & Whitney: Recent Contract Wins ..................................................................................................154

8.1.10 L3 Communications: overview ................................................................................................................155

8.1.11 L3 Communications: products and services ...........................................................................................155

8.1.12 L3 Communications: alliances ................................................................................................................156

8.1.13 L3 Communications: recent contract wins ..............................................................................................156

8.1.14 L-3 Communications: financial analysis ..................................................................................................157

8.1.15 General Atomics: Overview .....................................................................................................................159

8.1.16 General Atomics: Products and Services ................................................................................................159

8.1.17 General Atomics: Alliances .....................................................................................................................159

8.1.18 General Atomics: Recent Contract Wins .................................................................................................160

8.1.19 Raytheon: Overview ................................................................................................................................161

8.1.20 Raytheon: Products and Services ...........................................................................................................161

8.1.21 Raytheon: Alliances .................................................................................................................................161

8.1.22 Raytheon: Recent Contract Wins ............................................................................................................162

8.1.23 Raytheon: Financial Analysis .................................................................................................................163

8.1.24 Elbit Systems.: Overview.........................................................................................................................165

8.1.25 Elbit Systems: Products and Services ....................................................................................................165

8.1.26 Elbit Systems: Alliances ..........................................................................................................................165

8.1.27 Elbit Systems: Recent Contract Wins .....................................................................................................165


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8.1.28 Elbit Systems: Financial Analysis ............................................................................................................166

8.1.29 Rolls-Royce: Overview ............................................................................................................................168

8.1.30 Rolls-Royce: Products and Services .......................................................................................................168

8.1.31 Rolls Royce: Alliances .............................................................................................................................168

8.1.32 Rolls Royce: Recent Contract Wins ........................................................................................................169

8.1.33 Rolls Royce: Financial Analysis ..............................................................................................................170

8.1.34 Embraer SA: Overview ............................................................................................................................172

8.1.35 Embraer SA: Products and Services .......................................................................................................172

8.1.36 Embraer SA: Alliances ............................................................................................................................172

8.1.37 Embraer SA: Recent Contract Wins ........................................................................................................173

8.1.38 Embraer SA: Financial Analysis ..............................................................................................................173

8.1.39 Airbus: Overview .....................................................................................................................................176

8.1.40 Airbus: Products and Services ................................................................................................................176

8.1.41 Airbus: Alliances ......................................................................................................................................176

8.1.42 Airbus: Recent Contract Wins .................................................................................................................177

8.1.43 Airbus: Financial Analysis .......................................................................................................................178

8.1.44 Lockheed Martin: Overview .....................................................................................................................180

8.1.45 Lockheed Martin: Products and Services ................................................................................................180

8.1.46 Lockheed Martin: Alliances .....................................................................................................................180

8.1.47 Lockheed Martin: Recent Contract Wins .................................................................................................181

8.1.48 Lockheed Martin: Financial Analysis .......................................................................................................182

8.1.49 Saab: Overview .......................................................................................................................................184

8.1.50 Saab: Products and Services ..................................................................................................................184

8.1.51 Saab: Alliances ........................................................................................................................................184

8.1.52 Saab: Recent Contract Wins ...................................................................................................................184

8.1.53 Saab: Financial Analysis .........................................................................................................................185

8.1.54 Thales: Overview .....................................................................................................................................187

8.1.55 Thales: Products and Services ...............................................................................................................187

8.1.56 Thales: Recent Contract Wins ................................................................................................................187

8.1.57 Thales: Financial Analysis .......................................................................................................................188

8.1.58 Northrop Grumman: Overview ................................................................................................................190

8.1.59 Northrop Grumman: Products and Services ...........................................................................................190

8.1.60 Northrop Grumman: Alliances .................................................................................................................191

8.1.61 Northrop Grumman: Recent Contract Wins ............................................................................................191

8.1.62 Northrop Grumman: Financial Analysis ..................................................................................................192

9 Appendix ............................................................................................................................ 194

9.1 Methodology ................................................................................................................................. 194

9.2 About SDI ..................................................................................................................................... 194


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9.3 Disclaimer .................................................................................................................................... 194


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LIST OF FIGURES

Figure 1: Global Military Aviation MRO Market (US$ Billion), 2015-2025 ............................................................................................................ 18 Figure 2: Military Aviation MRO Market Breakdown by Region (%), 2015-2025 .................................................................................................. 20 Figure 3: North American Military Aviation MRO Market (US$ Billion), 2015-2025 .............................................................................................. 21 Figure 4: Asia-Pacific Military Aviation MRO Market (US$ Billion), 2015-2025 .................................................................................................... 22 Figure 5: European Military Aviation MRO Market (US$ Billion), 2015-2025 ....................................................................................................... 24 Figure 6: Middle East Military Aviation MRO Market (US$ Billion), 2015-2025 .................................................................................................... 25 Figure 7: Latin American Military Aviation MRO Market (US$ Billion), 2015-2025 ............................................................................................... 27 Figure 8: African Military Aviation MRO Market (US$ Million), 2015-2025 ........................................................................................................... 28 Figure 9: Military Aviation MRO Market Breakdown by Segment (%), 2015-2025 ............................................................................................... 30 Figure 10: Multi-role Aircraft MRO Market Size (US$ Billion), 2015-2025 ............................................................................................................ 32 Figure 11: Transport and Other Aircraft MRO Market Size (US$ Billion), 2015-2025 ........................................................................................... 34 Figure 12: Multi-mission Helicopter MRO Market Size (US$ Billion), 2015–2025 ................................................................................................ 36 Figure 13: Transport Helicopter MRO Market Size (US$ Billion), 2015–2025 ...................................................................................................... 37 Figure 14: UAV MRO Market Size (US$ Billion), 2015-2025 ............................................................................................................................... 39 Figure 15: Defense Capital Expenditure of Top North American Defense Spenders (US$ Billion), 2015-2025 .................................................... 42 Figure 16: Defense Capital Expenditure of Top Three European Defense Spenders (US$ Billion), 2015-2025 ................................................... 43 Figure 17: Defense Capital Expenditure of Top Three Asian Defense Spenders (US$ Billion), 2015-2025 ....................................................... 44 Figure 18: Defense Capital Expenditure of Top Three South American Defense Spenders ................................................................................ 45 Figure 19: Defense Capital Expenditure of Top Three African Countries (US$ Billion), 2015-2025 .................................................................... 46 Figure 20: Defense Capital Expenditure of Top Three Middle Eastern Defense Spenders .................................................................................. 47 Figure 21: Military Aviation MRO Market in the US (US$ Billion), 2015-2025 ...................................................................................................... 67 Figure 22: Military Aviation MRO Market Split By Category in the US (%), 2015-2025 ........................................................................................ 68 Figure 23: Multi-role Aircraft MRO Market Size in the US (US$ Billion), 2015–2025............................................................................................ 69 Figure 24: Transport and Other Aircraft MRO Market Size in the US (US$ Billion), 2015–2025 .......................................................................... 71 Figure 25: Transport Helicopter MRO Market Size in the US (US$ Billion), 2015–2025 ...................................................................................... 72 Figure 26: Military Aviation MRO Market in Russia (US$ Billion), 2015-2025 ...................................................................................................... 74 Figure 27: Russian Military Aviation MRO Market Split by Sector (%), 2015-2025 .............................................................................................. 75 Figure 28: Multi-role Aircraft MRO Market Size in Russia (US$ Billion), 2015-2025 ............................................................................................ 76 Figure 29: Transport and Other Aircraft MRO Market Size in Russia (US$ Million), 2015-2025 ........................................................................... 77 Figure 30: Military Aviation MRO Market in the UK (US$ Billion), 2015-2025 ...................................................................................................... 79 Figure 31: Military Aviation MRO Market Split by Sector in UK (%), 2015-2025 .................................................................................................. 80 Figure 32: Multi-mission Helicopter MRO Market Size in the UK (US$ Million), 2015-2025 ................................................................................. 82 Figure 33: Multi-role Aircraft MRO Market Size in the UK (US$ Million), 2015-2025 ............................................................................................ 83 Figure 34: Transport and Other Aircraft MRO Market Size in the UK (US$ Million), 2015-2025 ........................................................................... 84 Figure 35: Military Aviation MRO Market in France (US$ Billion), 2015-2025 ...................................................................................................... 86 Figure 36: Military Aviation MRO Market Split by Sector in France (%), 2015-2025 ............................................................................................ 87 Figure 37: Transport and Other Aircraft MRO Market Size in France (US$ Million), 2015-2025 .......................................................................... 88 Figure 38: Multi-role Aircraft MRO Market Size in France (US$ Million), 2015-2025 ............................................................................................ 89 Figure 39: Transport and Other Helicopter MRO Market Size in France (US$ Million), 2015-2025 ...................................................................... 90 Figure 40: Military Aviation MRO Market in Saudi Arabia (US$ Billion), 2015-2025 ............................................................................................. 92 Figure 41: Multi-role Aircraft MRO Market Size in Saudi Arabia (US$ Billion), 2015-2025 ................................................................................... 93 Figure 42: Transport and Other Aircraft MRO Market Size in Saudi Arabia (US$ Million), 2015-2025 ................................................................. 94 Figure 43: Multi-mission Helicopter MRO Market Size in Saudi Arabia (US$ Million), 2015-2025 ........................................................................ 95 Figure 44: Military Aviation MRO Market in UAE (US$ Million), 2015-2025 ......................................................................................................... 97 Figure 45: Multi-role Aircraft MRO Market Size in UAE (US$ Million), 2015-2025 ............................................................................................... 98 Figure 46: Multi-mission Helicopter MRO Market Size in the UAE (US$ Million), 2015-2025 ............................................................................... 99 Figure 47: Military Aviation MRO Market in China (US$ Billion), 2015-2025 ...................................................................................................... 101 Figure 48: Military Aviation MRO Market Split by Sector in China (%), 2015-2025 ............................................................................................ 102 Figure 49: Multi-role Aircraft MRO Market Size in China (US$ Billion), 2015-2025 ............................................................................................ 103 Figure 50: Multi-mission Helicopter MRO Market Size in China (US$ Million), 2015-2025 ................................................................................. 104 Figure 51: Transport and Other Aircraft MRO Market Size in China (US$ Million), 2015-2025 .......................................................................... 105 Figure 52: Military Aviation MRO Market in India (US$ Billion), 2015-2025 ....................................................................................................... 107 Figure 53: Military Aviation MRO Market Split by Sector in India (%), 2015-2025 .............................................................................................. 108 Figure 54: Multi-role Aircraft MRO Market Size in India (US$ Million), 2015-2025 ............................................................................................. 109 Figure 55: Multi-mission Helicopter MRO Market Size in India (US$ Million), 2015-2025 .................................................................................. 110 Figure 56: Transport and Other Aircraft MRO Market Size in India (US$ Million), 2015-2025 ............................................................................ 111


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Figure 57: Military Aviation MRO Market in Australia (US$ Billion), 2015-2025 ................................................................................................. 113 Figure 58: Military Aviation MRO Market Split by Sector in Australia (%), 2015-2025 ........................................................................................ 114 Figure 59: Transport and Other Aircraft MRO Market Size in Australia (US$ Million), 2015-2025 ...................................................................... 115 Figure 60: Multi-role Aircraft MRO Market Size in Australia (US$ Million), 2015-2025 ....................................................................................... 116 Figure 61: Multi-mission Helicopter MRO Market Size in Australia (US$ Million), 2015-2025 ............................................................................ 117 Figure 62: Military Aviation MRO Market in Brazil (US$ Million), 2015-2025 ..................................................................................................... 119 Figure 63: Transport and Other Aircraft MRO Market Size in Brazil (US$ Million), 2015–2025 .......................................................................... 121 Figure 64: Multi-role Aircraft MRO Market Size in Brazil (US$ Million), 2015–2025 ........................................................................................... 123 Figure 65: Multi-Mission Helicopter MRO Market Size in Brazil (US$ Million), 2015–2025 ................................................................................ 124 Figure 66: Military Aviation MRO Market in Algeria (US$ Million), 2015-2025 ................................................................................................... 126 Figure 67: Multi-mission Helicopter MRO Market Size in Algeria (US$ Million), 2015–2025 .............................................................................. 127 Figure 68: Boeing – Revenue Trend Analysis (US$ Billion), 2010–2014 ........................................................................................................... 145 Figure 69: Boeing – Operating Profit (US$ Billion), 2010–2014 ......................................................................................................................... 146 Figure 70: Boeing – Net Profit Trend Analysis (US$ Billion), 2010–2014 .......................................................................................................... 146 Figure 71: BAE Systems – Revenue Trend Analysis (GBP Billion), FY2010–2014 ........................................................................................... 149 Figure 72: BAE Systems – Operating Profit Trend Analysis (GBP Billion), FY2010–2014 ................................................................................. 150 Figure 73: BAE Systems – Net Profit Trend Analysis (GBP Billion) FY2010–2014 ............................................................................................ 150 Figure 74: L3 Communications – Revenue Trend Analysis (US$ billion), 2010–2014 ....................................................................................... 157 Figure 75: L3 Communications – Operating Profit Trend Analysis (US$ billion), 2010–2014 ............................................................................. 158 Figure 76: L3 Communications – Net Profit Trend Analysis (US$ million), 2010–2014 ...................................................................................... 158 Figure 77: Raytheon – Revenue Trend Analysis (US$ Billion), 2010–2014 ....................................................................................................... 163 Figure 78: Raytheon – Operating Profit (US$ Billion), 2010–2014 ..................................................................................................................... 164 Figure 79: Raytheon – Net Profit Trend Analysis (US$ Billion), 2010–2014 ..................................................................................................... 164 Figure 80: Elbit Systems – Revenue Trend Analysis (US$ Billion), 2010–2014 ................................................................................................. 166 Figure 81: Elbit Systems – Operating Profit (US$ Million), 2010–2014 .............................................................................................................. 167 Figure 82: Elbit Systems – Net Profit Trend Analysis (US$ Million), 2010–2014................................................................................................ 167 Figure 83: Rolls-Royce – Revenue Trend Analysis (GBP Billion), 2010–2014................................................................................................... 170 Figure 84: Rolls Royce – Operating Profit (GBP Billion), 2010–2014 ................................................................................................................ 171 Figure 85: Rolls Royce – Net Profit Trend Analysis (GBP Billion), 2010–2014 .................................................................................................. 171 Figure 86: Embraer SA – Revenue Trend Analysis (R$ Million), 2010–2014 ..................................................................................................... 174 Figure 87: Embraer SA – Operating Profit (R$ Million), 2010–2014 .................................................................................................................. 175 Figure 88: Embraer SA – Net Profit Trend Analysis (R$ Million), 2010–2014 ................................................................................................... 175 Figure 89: Airbus – Revenue Trend Analysis (EUR Billion), 2010–2014 ........................................................................................................... 178 Figure 90: Airbus – Operating Profit (EUR Million), 2010–2014 ......................................................................................................................... 179 Figure 91: Airbus – Net Profit Trend Analysis (EUR Million), 2010–2014 ......................................................................................................... 179 Figure 92: Lockheed Martin – Revenue Trend Analysis (US$ Billion), 2010–2014 ............................................................................................ 182 Figure 93: Lockheed Martin Corp. – Operating Profit Trend Analysis (US$ billion), 2010–2014 ........................................................................ 183 Figure 94: Lockheed Martin Corp. – Net Profit Trend Analysis (US$ billion), 2010–2014 .................................................................................. 183 Figure 95: Saab – Revenue Trend Analysis (SEK Billion), 2010–2014 .............................................................................................................. 185 Figure 96: Saab – Operating Profit (SEK Million), 2010–2014 ........................................................................................................................... 186 Figure 97: Saab – Net Profit Trend Analysis (SEK Million), 2010–2014 ........................................................................................................... 186 Figure 98: Thales – Revenue Trend Analysis (EURO Billion), FY2010–2014 .................................................................................................... 189 Figure 99: Thales – Thales – Operating Profit Trend Analysis (EURO Billion), FY2010–2014 ........................................................................... 189 Figure 100: Thales – Net Profit Trend Analysis (EURO Million), FY2010–2014 ................................................................................................. 190 Figure 101: Northrop Grumman – Revenue Trend Analysis (US$ Billion), 2010–2014 ...................................................................................... 192 Figure 102: Northrop Grumman – Operating Profit (US$ Million), 2010–2014 ................................................................................................... 193 Figure 103: Northrop Grumman – Net Profit Trend Analysis (US$ Million), 2010–2014 .................................................................................... 193


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LIST OF TABLES

Table 1: Global Military Aviation MRO Market Overview ..................................................................................................................................... 19 Table 2: Global Military Aviation MRO Market Overview ..................................................................................................................................... 29 Table 3: SWOT Analysis of the Military Aviation MRO Market............................................................................................................................. 58 Table 4: US Military Aviation MRO Market Overview .......................................................................................................................................... 66 Table 5: Key US Military Aviation MRO Programs .............................................................................................................................................. 67 Table 6: Russian Military Aviation MRO Market Overview ................................................................................................................................... 73 Table 7: Major Russian Military Aviation MRO Programs .................................................................................................................................... 74 Table 8: UK Military Aviation MRO Market Overview .......................................................................................................................................... 78 Table 9: Major UK Military Aviation MRO Programs ............................................................................................................................................ 79 Table 10: French Military Aviation MRO Market Overview .................................................................................................................................. 85 Table 11: Major French Military Aviation MRO Programs .................................................................................................................................... 86 Table 12: Saudi Arabia’s Military Aviation MRO Market Overview ....................................................................................................................... 91 Table 13: Major Military Aviation MRO Programs of Saudi Arabia ....................................................................................................................... 92 Table 14: UAE’s Military Aviation MRO Market Overview.................................................................................................................................... 96 Table 15: Major Military Aviation MRO Programs of UAE.................................................................................................................................... 97 Table 16: Chinese Military Aviation MRO Market Overview .............................................................................................................................. 100 Table 17: Main Chinese Military Aviation MRO Programs ................................................................................................................................. 101 Table 18: Indian Military Aviation MRO Market Overview .................................................................................................................................. 107 Table 19: Key Indian Military Aviation MRO Programs ...................................................................................................................................... 108 Table 20: Australian Military Aviation MRO Market Overview ............................................................................................................................ 112 Table 21: Key Aviation MRO Programs ............................................................................................................................................................ 113 Table 22: Brazilian Military Aviation MRO Market Overview .............................................................................................................................. 119 Table 23: Key Brazilian Military Aviation MRO Programs .................................................................................................................................. 120 Table 24: Algerian Military Aviation MRO Market Overview .............................................................................................................................. 125 Table 25: Program Details – MiG-29 Upgrade Program .................................................................................................................................... 130 Table 26: Program Details – Logistics Support program or H-60 Seahawk Helicopters ..................................................................................... 135 Table 27: Program Details – US Air Force contract field teams (CFT) program ................................................................................................. 137 Table 28: Program Details – Army Helicopter Maintenance and Logistics Support ........................................................................................... 138 Table 29: Program Details –Support for the MQ-9 Reaper Aircraft and related Systems ................................................................................... 141 Table 30: Boeing – Alliances ............................................................................................................................................................................ 143 Table 31: Boeing – Recent Contract Wins ........................................................................................................................................................ 143 Table 32: BAE Systems – Alliances .................................................................................................................................................................. 147 Table 33: BAE Systems – Recent Contract Wins .............................................................................................................................................. 148 Table 34: DynCorp International Inc. – Alliances .............................................................................................................................................. 151 Table 35: DynCorp International Inc. – Recent Contract Wins........................................................................................................................... 152 Table 36: Pratt & Whitney – Alliances ............................................................................................................................................................... 153 Table 37: Pratt & Whitney – Recent Contract Wins ........................................................................................................................................... 154 Table 38: L3 Communications – Alliances ........................................................................................................................................................ 156 Table 39: L3 Communications – Recent Contract Wins .................................................................................................................................... 156 Table 40: General Atomics – Alliances ............................................................................................................................................................. 159 Table 41: General Atomics – Recent Contract Wins ......................................................................................................................................... 160 Table 42: Raytheon – Recent Contract Wins .................................................................................................................................................... 161 Table 43: Raytheon – Recent Contract Wins .................................................................................................................................................... 162 Table 44: Elbit Systems – Alliances .................................................................................................................................................................. 165 Table 45: Elbit Systems – Recent Contract Wins .............................................................................................................................................. 165 Table 46: Rolls Royce – Alliances ..................................................................................................................................................................... 168 Table 47: Rolls Royce – Recent Contract Wins................................................................................................................................................. 169 Table 48: Embraer SA – Alliances .................................................................................................................................................................... 172 Table 49: Embraer SA – Recent Contract Wins ................................................................................................................................................ 173 Table 50: Airbus – Alliances ............................................................................................................................................................................. 176 Table 51: Airbus – Recent Contract Wins ......................................................................................................................................................... 177 Table 52: Lockheed Martin – Alliances ............................................................................................................................................................. 180 Table 53: Lockheed Martin – Recent Contract Wins ......................................................................................................................................... 181 Table 54: Saab – Alliances ............................................................................................................................................................................... 184 Table 55: Saab – Recent Contract Wins ........................................................................................................................................................... 184 Table 56: Thales – Recent Contract Wins ......................................................................................................................................................... 187


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Table 57: Northrop Grumman – Alliances ......................................................................................................................................................... 191 Table 58: Northrop Grumman – Recent Contract Wins ..................................................................................................................................... 191

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