You will be redirected to the page you want to view in  seconds.

Global Defense Sales Slip 3.3%; Aerospace Rises

Jul. 20, 2012 - 09:30AM   |  
By PIERRE TRAN   |   Comments
  • Filed Under

PARIS — Worldwide defense sales fell 3.3 percent in 2011 from a year ago, driven by governments’ spending priorities, weak Western economies, and withdrawal from Iraq and Afghanistan, a report from consultancy Deloitte said.

The decline in defense contrasted with an overall 2.3 percent rise in global aerospace and defense revenues, helped by higher production rates of airliners, the 2011 Global Aerospace & Defense Industry performance wrap-up report showed.

Despite the rise in the headline revenue figure, many key financial results generally fell, “likely because of the predominant weighting of the defense sub-segment,” the report said.

European industry grew by 0.8 percent compared with U.S. industry’s 3.3 percent, a lower performance attributed to a difference in “incentives, management philosophies, and work force practice,” the report said.

Defense companies will find it hard to maintain revenues, never mind grow, based on the ratio of sales to order books, the report

More In World News

Start your day with a roundup of top defense news.

More Headlines from North America



Login to This Week's Digital Edition

Subscribe for Print or Digital delivery today!

Exclusive Events Coverage

In-depth news and multimedia coverage of industry trade shows and conferences.



Defensenews TV

  • Sign-up to receive weekly email updates about Vago's guests and the topics they will discuss.