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American City Business Journals
Spirit AeroSystems to help pace expected aerostructures growth
The world’s aerostructures business is expected to grow over the next decade, with Wichita’s largest employer at the head of the market. According to a report from consulting firm Frost & Sullivan, the global aerospace market is forecast to have a compound annual growth rate of 8.4% to $109 billion by 2032, up from a market value of $45.4 billion in 2021. The market leader, as noted by the report, is Spirit AeroSystems Inc. in Wichita.
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