US Aerospace & Defense: 2026 Industry Pulse: Delving into Our Proprietary Supply Chain Survey

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US Aerospace & Defense: 2026 Industry Pulse: Delving into Our Proprietary Supply Chain Survey

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09 Jul 2026 22:07:22 ET │ 13 pages

US Aerospace & Defense

2Q26 Industry Pulse: Delving into Our Proprietary Supply Chain Survey

CITI'S TAKE

John Godyn AC

We are publishing the detail behind the third iteration of our Industry Pulse +1-212-816-8014

supplier survey (sample size of 100), working in partnership with Citi’s john.godyn@citi.com

Research Innovation Lab. As context, we conduct this proprietary survey

ahead of EPS season to validate company commentary, build conviction on Bradley Eyster

key themes into EPS season, and better inform our quarterly preview (see +1-212-816-3661

2Q26 Quarterly Preview: 'Aerospace First, Defense Next’ Is Defense Now; bradley.eyster@citi.com

Upgrade LMT to Buy). We surveyed aircraft parts manufacturers &

distributors, and maintenance repair organizations, in June to get a better Jeremy E Jason

sense of industry volume, price, and margin trends in 2Q26 and forecasts of +1-212-816-7789

3Q26. Below, we summarize qualitative feedback from the survey - please jeremy.jason@citi.com

see the associated slide deck for full quantitative detail.

Max Lesnik

Volume Trends: +1-212-816-2382

max.lesnik@citi.com

– “On the commercial side, we will likely see some pullback as maintenance is

deferred due to cost pressures on the fuel cost side. As far as business aviation,

corporate flight departments are showing signs of resilience, and I expect there

will be higher corporate travel demand.”

– “Global instability is the major factor impacting the current business plan;

however, we are braced for accelerated growth in the coming months.”

– “Sales volumes are expected to continue to grow aligned closely with

commercial aerospace growth.