3-D Manufacturing of Titanium Components Takes Off

MRO providers are discovering ways to innovate their procedures while remaining viable and profitable through the current downturn in government spending.

With such challenges as base closings, shrinking defense budgets, and sequestration, the worldwide maintenance, repair, and overhaul (MRO) sector is projected to experience a significant decline over the next few years.

According to Hal Chrisman, leading analyst and Vice President at aviation consultancy ICF SH&E, “it appears that defense operations and maintenance spending will drop nearly 8%.” He added “forecasting, which is especially critical in the aftermarket world, is very tricky this year.”