WASHINGTON — For better or for worse, an unanticipated shift in the Middle East, America’s presidential race or Britain’s exit from the European Union could impact the global aerospace and defense industry in 2020, according to PwC consultancy. But it was the announcement of the Raytheon-United Technologies Corporation merge that mostly influenced the global A&D sector in 2019.

In that context, let’s take a look at how the market fared based on PwC’s findings:

Reporting by Chris Martin; Illustrations by Brandon-Mykal Rambus