By Bill Bowler

Long considered a bellwether of industrial resilience, the Aerospace & Defense industry is flying through turbulence. Supply chain disruptions, program delays, and rising capital costs have converged to create a wave of distress. Furthermore, the industry is dealing with mid-sized aerospace suppliers reeling from last year’s Boeing 737 MAX production halt, overleveraged defense contractors facing covenant breaches, and a drying up of capital. We interviewed Tim Hassenger of Riverbend Special Situations Group (RSSG), a boutique advisory firm specializing in the most precarious corporate scenarios, to gain insights into the effects on the low to mid-market space. “We’ve done more than our fair share in commercial aerospace,”  he told Opus Connect.