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Business/Financial

Aerospace And Defense Sector Sales Up On Commercial Demand But Earnings Fall In 2012 On Defense, Deloitte Says

Defense Daily Staff

Thursday, March 21st, 2013

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A record year in commercial aircraft deliveries lifted the aerospace and defense sector to higher sales in 2012, but slowing defense spending drove the sector’s operating earnings down last year, according to a new report by the audit and consulting firm Deloitte. Overall sector sales increased nearly 6 percent to $354.7 billion, while operating earnings slipped 2 percent to $36 billion, says the report, U.S. Aerospace and Defense Sector Financial Performance Analysis. The report looked at the Top 20 U.S.…

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