Economic

Study predicts 5 percent defense and aerospace growth

“The aerospace and defense industry will grow 5 percent globally in 2014, despite the budget pressures to the defense sector, according to a new study from Deloitte. Deloitte’s 2014 outlook says the defense industry will continue its downward trend over the past several years. The report estimates that revenue will drop 2.5 percent in 2013 and will continue to decline with the end of the wars in Afghanistan and Iraq, as well as cuts to the U.S. Defense budget under sequestration. But the overall defense and aerospace industry will still grow in 2014, thanks to boosted revenue in the aerospace sector.”

Source: Study predicts 5 percent defense and aerospace growth | TheHill

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