Overview Key strengths Key risks Well diversified in end markets. Exposed to supply-chain vulnerability and weak skilled-labor supply. Robust government defense spending. Customer base concentrated in the U.S. government. Good liquidity. Elevated tax payments over the next several years. Strong demand in key markets has improved the company?s revenue year over year, though its volume remains below pre-pandemic levels. We expect its aviation segment to expand in 2023 due to higher volumes and favorable pricing, driven by high demand for jets such as the Latitude jet and SkyCourier and King Air turboprops. Business jet demand has recovered as first-time buyers enter the market and established market participants expand and improve their fleets after the pandemic shifted business travel from commercial
