LMI Aerospace (LMIA) Betting On Aerospace After Acquiring Valent - ValueWalk Premium
LMI Aerospace

LMI Aerospace (LMIA) Betting On Aerospace After Acquiring Valent

According to research by industry leader The Boeing Company (NYSE:BA), the number of civilian planes in service is set to double by the year 2032. In addition, 75% of the planes already in service will need to be replaced over the same period. So, Boeing's predictions estimate that by 2032, 35,280 new planes will need to be manufactured for the global aviation industry for a total cost of $4,840 billion.

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