London EC1A Founded and led by Vago Muradian, Defense & Aerospace Report covers the government, military and aerospace leaders, lawmakers, industry executives and analysts that shape national security and aerospace decision-making worldwide. “I think it will be surprising driver.

"I couldn't think of anything less interesting. In Europe, BofA operates in 32 cities in 23 countries and employs 14,000 people. Aerospace Forum 2020 Bank of America Merrill Lynch John L. Plueger.

RENTON, Wash. — Forecasts that predict the space industry to grow to a trillion dollars by the 2040s will require the development of new markets, even with the modest annual growth rates needed to achieve that goal.

January 9, 2020 .

January 10, 2019 . Even assuming a higher growth rate, other panelists believed that achieving a trillion-dollar space economy by the 2040s would require fundamental changes in the industry. On 1 January 2009, the bank acquired Merrill Lynch in exchange for common and preferred stock with a value of US$29.1 billion. “I think we haven’t seen yet what that app is on the NewSpace side,” he said. “I don’t know that you get to a trillion-dollar market if there’s not an inflection point,” he said.

Defense & Aerospace Report Podcast [Jul 19, 2020 Business Report] On this episode of the Business Podcast, sponsored by Bell, our guests include “Rocket Ron” Epstein, PhD, of Bank of America Merrill Lynch, Richard Aboulafia of the Teal Group consultancy and Sash Tusa of Agency Partners. Bank of America Merrill Lynch sees the space industry growing to $2.7 trillion in 30 years. “I’m a little more skeptical on that.”, Nagaraj said he saw more potential for growth from companies that incorporated data and other services from space systems into their own applications. DEFAERO Report Daily Podcast [Nov 03, 2020] DoD’s Tim Dare Part 1, Returning Barb to the Fleet is Long Overdue, DEFAERO Report Daily Podcast [Nov 02, 2020] GM Defense’s David Albritton, Defense & Aerospace Report Podcast [Nov 01, 2020 Business Report], Northrop Grumman Cyber Report: Round-Up of Top Stories…Election Security, Ransomware & More, Defense & Aerospace Podcast [Oct 31, 2020 Special: Presidential Transitions], Defense & Aerospace Podcast [Washington Roundtable Oct 30, 2020], DEFAERO Report Daily Podcast [Oct 29, 2020] Seapower Discussion With Bryan McGrath, Defense & Aerospace Report Podcast [Jul 19, 2020 Business Report], Defense & Aerospace Business Report [Feb. 24, 2017]. July 19, 2020 0.

On this episode of the Business Podcast, sponsored by Bell, our guests include “Rocket Ron” Epstein, PhD, of Bank of America Merrill Lynch, Richard Aboulafia of the Teal Group consultancy and Sash Tusa of Agency Partners. Chairman & CEO: Brian T. Moynihan Contact Customer Service at customerservice@vault.com, In-depth industry and profession profiles. A panel session June 26 at the Space Frontier Foundation’s NewSpace 2018 conference here noted that several reports in the last year by investment banks predicted that the global space economy, currently valued at about $350 billion, could grow to $1 trillion or more in the 2040s. “More easy-to-understand, down-to-Earth applications of space is actually what’s going to drive this, in my opinion, versus pushing more satellites.”.

Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. A third study by Bank of America Merrill Lynch was the most optimistic, seeing the market growing to $2.7 trillion by the same timeframe. The Morgan Stanley study, he noted, projected an annual growth rate of seven percent, in line with growth in the recent past.

A study released June 13 by the Satellite Industry Association, prepared by Bryce Space and Technology, found that the global space economy in 2017 was $348 billion, an increase of only about one percent from 2016. I have a lot of confidence in companies like Axiom [Space] and Bigelow [Aerospace] to actually fill those space stations.”, Others thing future growth will come from “downstream” applications, rather than space systems themselves. Does it get to a trillion dollars by tripling that?” asked Sunil Nagaraj, managing partner at Ubiquity Ventures. It also made the combined firm the largest brokerage firm in the world, with about 16,000 financial advisors; one of the leading investment banking advisory firms, with significant operations in M&A advisory as well as debt and equity underwriting; and one of the world's top wealth management firms, with Merrill Lynch's nearly 50 percent stake in U.S.-based investment management company BlackRock.Headquartered in lower Manhattan, Merrill Lynch had two main business segments when it came into the BofA fold: global markets and investment banking (with subunits of sales and trading; fixed income, currencies, and commodities; equities; and investment banking), and global wealth management (which included global investment management and global private clients). In early 2011, Moynihan announced that, unlike the strategy enacted under previous management, BofA would not be making any acquisitions in the near future. However, the space industry has been growing at a much slower clip recently. In September 2008, Bank of America made just about every headline in the world when it announced that it would be buying New York-based investment bank Merrill Lynch.

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Industry & Profession profiles include background, on the job, tips to entry, outlook and interviews with industry experts. Monday Business Report. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. “When you look at those existing numbers, it’s almost entirely two things: government and communications,” said Greg Autry, an assistant professor at the University of Southern California’s Marshall School of Business. Need more help? There’s going to be some really unexpected detours, and it’ll be interesting to see what they are.”, SpaceX finds cause of Falcon 9 engine abort, NASA’s Crew-1 commander to be sworn into U.S. Space Force from the International Space Station, China outlines architecture for future crewed moon landings, APL’s SEASONS 2020 Virtual Conference: Space Weather and the Space Warfighting Domain. That is the similar to growth rates reported in 2015 and 2016, but far below the growth seen in much of the previous decade, including double-digit growth as recently as 2013. CEO & President. 3. ", 2 King Edward Street Phone: +44 20 7174 4000, Employer Type: Public

A separate study by Morgan Stanley projected a “most likely outcome” of a $1.1 trillion space economy in the 2040s. 2015 Employees (All Locations): 9,600, Bank of America Corp.

PODCASTS. Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer and Member Securities Investor Protection Corporation , and other subsidiaries of Bank of America Corporation (BofA Corp.).

The bank is led by BofA Chairman and CEO Brian Moynihan, who took the company reins from former CEO Kenneth Lewis in late 2009.

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Those numbers, while seemingly large, reflect only modest annual growth rates. Commercial Aerospace Forum Bank of America Merrill Lynch John L. Plueger. The firm's expectation is nearly triple Morgan Stanley's estimate of $1.1 trillion by 2040.

Global Trends in Aircraft Financing.

Stock Symbol: BAC In September 2008, Bank of America made just about every headline in the world when it announced that it would be buying New York-based investment bank Merrill Lynch. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed … Bank of America Merrill Lynch (Asia). Stock Exchange: NYSE “Depending on which source you use, the space economy right now is about 330 to 350 billion dollars, and it’s been growing towards that level at approximately a six to eight percent compounded annual growth rate per year for the last decade or so,” Matthews said. The satellite industry, which accounts for the largest part of the overall space economy, grew by three percent in 2017 to $269 billion, according to the same report. "We aren't buying a European bank," he said. Worldwide, BofA employs approximately 233,000 people. Forward Looking Statements & Non-GAAP Measures.

“I don’t know either of those are continually scalable in the way the projections suggest.”.

of Airplanes 139.0 266.0 382.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 2002-2011 2012-2021 2022-2031 in $ bn. One example of such an inflection he cited is the rise of commercial human spaceflight, including commercial space stations. Vault's premium subscription service, Vault Gold, is the key to our most valuable career information.

“There’s something like 1,200 satellites. Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer and Member Securities Investor Protection Corporation , and other subsidiaries of Bank of America Corporation (BofA Corp.). To determine if your school is a partner, please enter your school email address below.

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A third study by Bank of America Merrill Lynch was the most optimistic, seeing the market growing to $2.7 trillion by the same timeframe. The company has business relationships with 99 percent of the U.S. Fortune 500 and 95 percent of the Global Fortune 500. 2. 1,003.0 1,066.8 0.0 200.0 400.0 600.0 800.0 1,000.0 1,200.0 2011 2015 in $ bn. When the deal closed in early 2009, it made BofA the biggest U.S. bank in terms of assets, with more than US$2 trillion. 7 Interview Questions You Need to Nail to Work... Top Investment Banking Firms | Most Prestigious Banks.

Enter the email address associated with your account, and we will email you instructions for re-setting your password. Bank of America Merrill Lynch. One report by Goldman Sachs predicted the industry would reach $1 trillion in the 2040s, noted Jeff Matthews, a consultant with Deloitte who moderated the panel discussion. Company profiles include full reviews and ratings of industry reputation, quality of life, salary, career advancement and diversity.

“I’m confident that it’s there, but I think the most important thing we need to do is not try too much to define the roadmap. Welcome to the Defense and Aerospace Business Report, our new weekly podcast on the global…. Beyond AmericaBank of America is one of the world's largest financial institutions, serving customers in more than 150 countries. Market for regional jets is expected to grow faster than commercial aerospace & defense 19,410 28,580 39,530 0 10,000 20,000 30,000 40,000 50,000 2010 2020 2030 No. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed … Key Growth Drivers. Autry argued that achieving that trillion-dollar goal required fundamental changes to the forces driving the economy. “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation.

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